Account value???

Discussion in 'Business Operations' started by zohhhsix, Oct 8, 2008.

  1. zohhhsix

    zohhhsix LawnSite Member
    Messages: 86

    I am in process of buying about 300 mowing accounts + all the other services total worth $600k. How much should I be paying. What a good deal and whats a STEAL. Any help would be appreciated.
  2. Marek

    Marek LawnSite Bronze Member
    Messages: 1,388

    You need to get alot farther into the numbers. What is the gross and net numbers? Why are they getting out ? Equipment included or not , what is actual value of the equipment, are they high on these numbers or right on. Its the end of the season so I would offer less just based on that. Concracts in writting or just good faith? How bad do you want it ? How bad do they need to sell it? Are you sure you can take on 300 accounts ? Will the sign a noncompete ? Sounds like you have alot more to look into.
  3. tradeyouraccounts

    tradeyouraccounts Banned
    Messages: 343

    Check on all of these
    Combined Monthly Service Amount?
    Average age of accounts?
    Covenant Not to Compete Period?
    Guarantee Period?
    Payment History?

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