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Discussion in 'Lawn Mowing' started by lawnrangeralaska, Jul 9, 2004.
Looks like a big junkyard! I didn't see a customer list for sale either.
that is the most incoherent and disorganized equip list i have ever seen. looks like they just rifled off everything they could think of.
Their asking price is 1 million??? You have to be kidding me...
The asking price includes the property. I am not sure of the location or the real estate values in the area but with all the equipement, property and the customer list ( if it includes them) it may be a good price. I know around here, industrial zoned space (which is what you need to run a landscape company) , the price is much more than normal commerical property. Just my two cents
1 mil huh?
Most updated equipment?
certainly not by those pics...................
Some one is trying to get rich quick,It ain't a gonna work.
Boy I will tell you what, 1 million dollars sure dosent get you what it used too!!!
I wonder how many of those machines actually run? Not to mention the trucks.
Only 500K with all that equipment? Someone is doing something wrong.
Looks like there is more equipment pictured than whats in the list.
What's interesting is the annual production per employee one derives from their numbers.
If they're grossing half a million with between 12 and 20 employees...well, let's split the difference and put it at 16 employees (full-time equivalents) and see how that comes out.
My calculator says this company averages just over $31,000 per employee per year.
If you put the firm's overhead at $400,000 and use half that as salaries/wages, it's $200,000, which when divided into 16 employees makes for an average annual earning of $12,500. Assuming the 16 employees constitutes a full-time equivalent number, the average employee makes $312.50 per week given a 40-week season.
That comes out to $7.81 per hour per employee, an average figure. Gotta figure some make more, so how much less do some get paid? Not sure I wanna think about it.
Florida's a low-wage/low income state and you don't have to pay as much as you would in metropolitan DC or in Connecticut, but customers won't pay as much, either. Guess it comes out about the same when you factor in the cost of living, but I'm curious as to what the latest appraisal was for that property. Probably not more than $200,000, so that's $800,000 for accounts receivable, equipment and so on.
JCR makes a point about the apparent condition of the equipment, but he's a little optimistic to think the seller is going to post his client list. That's a great way to get your pocket picked.
My question is why they don't post numbers for a year more recent than 2001.