Bop selling out

Discussion in 'General Industry Discussions' started by jolleylawns, Jan 20, 2012.

  1. tyler_mott85

    tyler_mott85 LawnSite Senior Member
    Messages: 582

    I don't think anyone here would turn down an offer that would set them up to provide for their families.

    If i'm mowing along and have no intention of doing anything but mowing along but some guy walks up and offers me a briefcase with cash for the company, I'll just get off the mower take the briefcase and walk away.

    NEW CITY LAWN CARE LLC LawnSite Bronze Member
    Messages: 1,271

    But then what do you do after? In the long term unless were talking several hundred thousands of dolllars or more it doesn't seem logical for the long term, for the short term, oh yes definitely, been there before and got offered a decent amount for some commercial accounts, but thankfully I made the smart decision and declined and looked ahead.

    Now in these guys situation I think were talking about a merger or acquisition that will allow them to mass produce their machines, maybe make them more affordable, not that they are expensive now, and allow a larger marketplace for parts and supplies, and be a better Quick in the long run...
  3. knox gsl

    knox gsl LawnSite Fanatic
    Messages: 6,096

    I think we all would, especially in August.
  4. cpllawncare

    cpllawncare LawnSite Silver Member
    Messages: 2,659

    Depends on how much cash is in the briefcase? If it's enough to start another company in a bigger way then probably so.
  5. ed2hess

    ed2hess LawnSite Fanatic
    Messages: 14,366

    We had a major size mowing company in Austin that sold out about 8 years ago for several million. It was a couple partners and they waited the non- compete years and now both have their own lawn business going again. They are not cash poor and they run multiple trucks and the price stuff really really low. Ane why low well they need customers and nothing else so they can sell out again. Trugreen bought them and now they have not only took a lot of the key guys but they might almost run them out of the area.

    NEW CITY LAWN CARE LLC LawnSite Bronze Member
    Messages: 1,271

    But wouldn't the sale price be not only include customer amount, but also how much profit per customer? 1,000 customers @ an average of $200/Month isn't worth more than 500 Customers @ an average of $500/Month, etc.... Good concept if there's good buyers and well priced customers, etc...
  7. PremierT&L

    PremierT&L LawnSite Member
    Messages: 223

    I think this is probably case.
  8. sjessen

    sjessen LawnSite Platinum Member
    Male, from Knoxville, Tn
    Messages: 4,379

    Being purchased/merging with a larger company would give them a dealer network.
  9. weeze

    weeze LawnSite Fanatic
    Messages: 12,353

    it's probably a deal that will make them grow in size alot faster and be able to sell their mowers in more places rather than just online.
  10. GravelyGuy

    GravelyGuy LawnSite Silver Member
    from Indiana
    Messages: 2,548

    So much for a mail order mower. If they start selling at dealers they will have to raise their prices and price was the only thing they had going for them.

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