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Business Evaluation

Discussion in 'Pesticide & Herbicide Application' started by Josh.S, Feb 7, 2009.

  1. Josh.S

    Josh.S LawnSite Bronze Member
    Messages: 1,085


    I am in the process of acquiring a small fert business from a friend. With it will include this truck and permagreen. I would like to know what you guys think they are worth.

    Truck Side:
    -- 1993 INTERNATIONAL 4000 SERIES 4600
    -- 19,660 GVRW
    -- 203,000 on body
    -- Rebuilt engine installed in 2006 w/ 57,000 miles on it before rebuild. Current would have around 2000-3000 miles on it. The engine cost $3500 + labor to install (around $5000 total).
    -- Manual Spicer transmission
    -- New front tires this spring ($700) and rear tires are fine

    Spray Side:
    -- 6.5 Honda motor -- Pump says "TA NONG Diamond" on it
    -- New 300 foot Green Guard hose (cost 500) --- electric hose reel
    -- Two 600 gallon tanks

    PG Ride-on Ultra w/ 686 hrs on it.
    5hp B/S motor
    Home-made hitch rack
    Purchased in 2006 for $2800. Year is unknown. (Couldn't find this info on it)

    Okay, well that is all I know about the equipment. Could anybody make a stab at what each of these are worth? Let me know if you need anymore information.


    (Yes, some pictures are poor quality, but the best I could do with my camera phone. Will attach more pictures in a minute)





  2. Josh.S

    Josh.S LawnSite Bronze Member
    Messages: 1,085

    Here are the tanks and Honda motor. Wish I would have taken one a pic of the hose real and such.





  3. Josh.S

    Josh.S LawnSite Bronze Member
    Messages: 1,085

    Here is the PG Ultra.


  4. MStine315

    MStine315 LawnSite Senior Member
    Messages: 789

    You can go to PG's website and look through their used PG list. It's pretty extensive. It may help you price out the PG at least. It does have pretty low hrs. for an Ultra. My 2 cents would be somewhere in the 2G ballpark.
  5. Josh.S

    Josh.S LawnSite Bronze Member
    Messages: 1,085

    That's about what I was thinking also. My main concern is the value of the truck. I know that a spray setup would only be worth something to somebody in the business, so maybe it would be less than it appears. Or maybe it would be best to separate the tanks/motor+pump/truck as three separate units.
  6. IMAGE

    IMAGE LawnSite Bronze Member
    from midwest
    Messages: 1,134

    Truck without sprayer stuff ~~ $5000-8000. Depends how hard you want look for one. I see them around here for around $6k. The rebuilt engine may add to it though.

    A friend of mine bought one 2 years ago, with higher miles and a van body for $4400 or $4700, something like that.
  7. turfsolutions

    turfsolutions LawnSite Senior Member
    Messages: 854

    To me a value in a business is the customers not the equipment. I personally would not go that direction equipment wise when running a lawn ap business. Why do you need such a large truck? You can service a lot of properties with a pickup truck, z spray, and if you want, a tank sprayer. I would purchase the customers and let him sell the equipment on his own. Just my two cents.
  8. RigglePLC

    RigglePLC LawnSite Fanatic
    Messages: 13,559

    Solutions has a good point. Estimate the value of the equipment separately from the customer list. Compare it to the cost of buying new equip. Rebuilt motor (no warranty) does not add much value to the truck. A factory new motor--with warranty would be nice. Check out spray equipment to make sure it has good pressure.
    Take a look at the Serial number on the Ultra. It should be easy to find out when it was built. With over 600 hours--price should be closer to $1000. Plan on a few repairs.
  9. Josh.S

    Josh.S LawnSite Bronze Member
    Messages: 1,085

    I hope it's worth more than $5000 considering he just put a motor in it that cost $4500. The sad reality is, I have a feeling it is only worth $6,000 or so, I don't know how much the rebuilt motor will really bring up the value.

    I agree with you 100%. Unfortunately, he doesn't want to try to sell the equipment on his own... he is cutting me a pretty good deal on the business as a whole though.

    He has come to a bottom dollar price, so I am trying to figure out what the equipment is worth in order to find out what I would be paying for the customers. The spray equipment works great. Where is the serial on the PG located?

    Actually the direction I want to go with the business is to get a zspray or T3000 and use my F250. The owner will only sell the equipment with the business and will not separate. I figured for this year I might use this setup then change it up next year w/ my F250 when I have more money and know what I'm doing. I really don't know what to do.

    Right now the owner does 2 dry apps and 2 wet apps on his customers per year, he also does a winterizer application if he gets time/feels like it.

    I figured after some research and talking to people on here I will probably be best doing 5 dry applications. The second and fourth application I think I will do a spread the fert and then spray herbicide.
    Last edited: Feb 9, 2009
  10. rcreech

    rcreech Sponsor
    Male, from OHIO
    Messages: 6,153

    Why do you want such a large truck? What type of lawns are you planning on doing?

    That just seems like a pretty big truck to me!

    Those lighter INT trucks don't hold their value that well but that is good because I like them! They are pretty good trucks for the money!

    The new motor MAY help the value slightly...but I wouldn't offer too much! Take it, its a gaser?????

    Those things are usually DOGS when they are gasers. Would go diesel on that truck~!

    Are you just buying equipment or accounts also?

    I would be careful as most people I know (me included) pay too much or more then something is worth just because you WANT it!

    I would only give face or a little below if it were me! Trucks are a dime a dozen right now!

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