• Online Events For Landscapers!
    With GIE+EXPO cancelled, virtual education and product launches are filling up the fall. Check out dates for Caterpillar, Exmark, NALP, and more. Click here to learn more.

Anybody sell their biz & hold paper?

jirrigation

LawnSite Member
Location
Montreal, Quebec
I don't think there's anything you can do. Maybe send out a letter to all customers giving some sort of explanation as to what happened and if/how well established the company is. As well, if it was me, I would offer a % discount for the first year. After the first year is up, quality of service will determine if he holds on to the rest or not.
 
OP
Mike Leary

Mike Leary

LawnSite Fanatic
More info please..........
These are clients I've had for twenty years, friends, I've watched their kids
grow up. The new owner, nice guy, does not fit right in, yet, he will.
Trouble is, he (by rights) wants to run the show....a show he has only one
year experience doing......I'm stuck in a hard place.
 
Two guys in my area sold their companies a few years ago. One guy who purchased one company has since filed for bankruptcy and the other guy quit paying the original owner and started another company under a new name....
 

Mjtrole

LawnSite Member
Location
ALLEN PARK, MI
Two guys in my area sold their companies a few years ago. One guy who purchased one company has since filed for bankruptcy and the other guy quit paying the original owner and started another company under a new name....
Sounds like the guys didn't have his stuff together. It's a simple matter of having the papers drawn up so that can't happen, maybe a no-compete if he fails to live up to his end of the deal.
 

sheshovel

LawnSite Fanatic
Location
zone 7 CA
Listen Mike, he can buy your business but he can't buy clients. He runs the risk of loosing the existing clients when he buys a service orientated business. I suggest you PM rodfather about this issue, he's the man when it comes to this kind of thing. Just tell him She sent you.
 
OP
Mike Leary

Mike Leary

LawnSite Fanatic
Listen Mike, he can buy your business but he can't buy clients. He runs the risk of loosing the existing clients when he buys a service orientated business. I suggest you PM rodfather about this issue, he's the man when it comes to this kind of thing. Just tell him She sent you.
Agreed, Hank's trying hard & understands it's not easy to deal with some
of the a.......s I learned to handle. The "hand holders" are a part of the biz,
& after twenty some years of dealing with me, it's not a easy transition.
You'd think they would all be glad to get rid of me!!!!!!!!!!
 
Top