Buying a Business. Help please!!

Discussion in 'Business Operations' started by pudge_167, Sep 24, 2008.

  1. pudge_167

    pudge_167 LawnSite Member
    Messages: 7

    So I have worked for the "big dog" in town and quit because he had some punks working for him. Well now I have a chance to buy a smaller business due to a buddy moving away. Here are the details....

    Grasshopper 220 model, 52 inch cut, gas motor with 740 hours, bought in in 2001.
    Weedeater, blower, gas cans included
    John deere pull behind mower trailor
    15-17 yards depending if I want to take a couple of "bad" clients
    Yards vary in price from 30-50 (2 at 30 2 at 50 most of rest at 35)
    Price 6,000

    Mower is in very good condition he takes care of his stuff like nobody ive seen before. I am looking to have a business that will allow me to stay in college full time with out haveing to work a full time job. So please let me know what you established guys think. Thank You
  2. mississippiturf

    mississippiturf LawnSite Senior Member
    Messages: 674

    Sounds okay to me. Do you have a truck and trailer? Do what ya got to do to get/stay legit with some liability insurance, licenses, etc.
  3. larryinalabama

    larryinalabama LawnSite Fanatic
    Messages: 19,647

    Id go for it, any work in the winter?
  4. Ryan Anderson

    Ryan Anderson LawnSite Member
    Messages: 15

    Sounds like a good deal to me. I would look into buying a smaller machine as you get going to cover the tighter areas of some yards as 52" can be big in some spots...but for right now, I'd say go for it!
  5. brandtb1

    brandtb1 LawnSite Member
    Messages: 153

    It sounds like a fair deal to me. 740 hours on a seven year old mower does not seem like a lot of work. Did he recently get 15 yards, or did he have another mower he was working with. I would question that, but everything else looks ok to me.
  6. tradeyouraccounts

    tradeyouraccounts Banned
    Messages: 343

    Check the Account payment history
    Check the history of the accounts to assess if the accounts are paid in a timely manner and the age of the accounts.

    Good luck

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