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Buying out question

Discussion in 'Lawn Mowing' started by scchamblee, Aug 6, 2007.

  1. scchamblee

    scchamblee LawnSite Member
    Messages: 161

    There is a guy who wants to sell his yards... no mowers or equipment (wouldn't want them... old and wore out) he says he has 40 yards that bring in $5,000/ month. He wanted 7,500 for them and I said he was crazy... right now we are at 6,000. I still think that is alot considering it is this late in the season and they are not year round contracts.

    Any input appreciated.
     
  2. Scagguy

    Scagguy LawnSite Bronze Member
    Messages: 1,522

    That's just over 1 months gross. Depends on many varibles such as how many are weekly cuts and how many are bi-weekly is the route tight and to a greater degree, how long have these customers been with him. I had an opportunity to buy out a LCO here a couple of weeks ago. He had too many bi-weekly accounts to suit me and wanted 4 months gross on the whole package. Was about 60% bi-weekly. We were too far apart on $$$ from the get go.
     
  3. delphied

    delphied LawnSite Silver Member
    Messages: 2,067

    I would make a deal to pay the second 2500 they bring in for the next 3 months. If it doesnt pan out after 1 month, you give em back.
     

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