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How much are my accounts worth

Discussion in 'Lawn Mowing' started by willretire@40, Jun 17, 2008.

  1. willretire@40

    willretire@40 LawnSite Bronze Member
    from VA
    Messages: 1,390

    75 accounts and cut an average of 65 a week. No personal relationship with customers (havent met over 80% of them) and 97% are on credit card. No contracts and all within 10 miles of my shop. All lawns 1/4 acre and average lawn is $35.
  2. Albery's Lawn & Tractor

    Albery's Lawn & Tractor LawnSite Bronze Member
    Messages: 1,674

    $10 each. Not worth much without a contract.

    SLCINC LawnSite Member
    Messages: 110

    How long have you had them? If you have had most of them for over 3 seasons and 97% are automatic payments, that means about 9k a month. I would try to get at least 2 months for them especially because they wouldn't need to worry about getting paid from the customers.
  4. ATL Lawn

    ATL Lawn LawnSite Senior Member
    Messages: 318

    some businesses are worth 2yrs profit(aka owner benfits), but most say landscaping dont work that way.
  5. jbird7

    jbird7 LawnSite Member
    Messages: 10

    Yeah without a contract you're pretty limited and I've found the only accounts that are really worth the $$$ are the business accounts for restaurants, offices, and all that good stuff. Good job though getting all those accounts right near you and I'm sure they're easy jobs. You can probably zip through a lot of those in a day.
  6. supercuts

    supercuts LawnSite Silver Member
    Messages: 2,808

    i wouldnt pay more than one cut each but others on here claim to get some big bucks. i cant see them being worth any more than a months worth
  7. AWR

    AWR LawnSite Member
    Messages: 45

    here in nj the rule of thumb is 1/3 of the year gross
  8. Dave_005

    Dave_005 LawnSite Senior Member
    Messages: 359

    To me, i would pay a Total Amount equal to 3 cuts for each customer who agreed to sign with me. No Way would i pay for all the acounts, Only for the ones who Agreed to me taking over thier yards and signed. as most will be shopping around themselves for a new LCO once they find out thier current LCO is thinking of quitting and selling all his accounts.
  9. willretire@40

    willretire@40 LawnSite Bronze Member
    from VA
    Messages: 1,390

  10. willretire@40

    willretire@40 LawnSite Bronze Member
    from VA
    Messages: 1,390

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