Buying a lawn business.....

Discussion in 'Starting a Lawn Care Business' started by Firedog83, Jul 23, 2009.

  1. Firedog83

    Firedog83 LawnSite Member
    from Jax, Fl
    Messages: 3

    Any help would be greatly appreciated. I am looking into buying an existing lawn business but was confused on if its a deal or not. He told me he has 22 contracts on his account, which account for roughly $25,000-$30,000 in business per year. He told me his last 2 income statements for around $47,000.00-$49,000.00. All his equipment is included with it, he has a walker mower which is 4 years old and has 1000.00 hrs on it and the edger, trimmer, etc is all echo. He told me is average per yd is $40.00 do to the fact he bags the clippings. He told me he would sell for $15,000. Sounds like a fair deal to me but I would like more opinions. Thanks
  2. Ryall Landscaping

    Ryall Landscaping LawnSite Member
    Messages: 128

    He makes 25-30k off of 22 contracts..but makes 47-49k? So he has a ton of non-contract customers? Or?

    If you were to do it, with a lawyer, and have it all written out and have the customers understand what is going on, and you were GUARANTEED to have the 25-30k in your pocket from it, I would think it'd be worth it...But if the customers were able to leave, it could be a useless investment...I guess it all depends how you do it.
  3. Firedog83

    Firedog83 LawnSite Member
    from Jax, Fl
    Messages: 3

    Yeah he said he had more contracts but since the recession he lost some contracts but picked up more single cuts.
  4. tradeyouraccounts

    tradeyouraccounts Banned
    Messages: 343

  5. bohiaa

    bohiaa LawnSite Fanatic
    Messages: 5,220

    you will need an attorney, simply because there are a ton on Companys out there sinking in debt. there has to be a contract to where the debt does NOT follow the company, It, and if there is any. will stay with the owner.....
  6. tinman

    tinman LawnSite Bronze Member
    from ga
    Messages: 1,346

    sounds good but I would talk with an attorney like suggested before and also maybe go to to talk with an experienced business mentor who might have more insights to this. It is free.

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