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How much are these lawns worth?

Discussion in 'Business Operations' started by barryd, Mar 16, 2003.

  1. barryd

    barryd LawnSite Member
    from KY
    Messages: 9

    I have a buddy in the lawn care business that is wanting to sell off some of his accounts. These lawns take in $195 per week.

    What is a fair asking price?

    I need your advice quickly!!!

    Thanks in advance!!!

    :)
     
  2. lsylvain

    lsylvain LawnSite Senior Member
    Messages: 778

    #1 How much guarantee do you have on the accounts?

    #2 Roughly 4 cuts is about what people like to pay.

    #3 I would not buy them straight out. buy them on a % Say if you buy them for 4 cuts and there are 30 cuts in your season. Give him 13.3% of each cut for the season or something like that. Make the person you are buying them from have a vested interest in the quality, and continuation of these accounts.

    #4 Find out why he is getting rid of these accounts.

    Hope this helps
     
  3. LawnGuy73

    LawnGuy73 LawnSite Bronze Member
    Messages: 1,946

    I agree find out why hes getting rid of these accounts ad base the price on that, the most I have ever paid for an account is two mows worth so I would'nt give him more the $400.00 per account..and make sure that they are on contract these people (accounts) could only be using him because they have knowen him for a long time..They could drop you after only a few weeks for a cheaper company, I've seen it happen many times before. So I would'nt pay more then two mows worth, but its your choice.
     
  4. 65hoss

    65hoss LawnSite Fanatic
    Messages: 6,360

    $195 for a total or each?
     
  5. LawnGuy73

    LawnGuy73 LawnSite Bronze Member
    Messages: 1,946

    I would'nt pay more then two weeks worth of mowing each, neve have never will....
     
  6. barryd

    barryd LawnSite Member
    from KY
    Messages: 9

    Thanks for help advice, guys. There are five accounts that total $195 per week.

    Keep it coming. I was thinking of offering $195 for the accounts.

    Thanks again!
     
  7. Ground Master

    Ground Master LawnSite Senior Member
    Messages: 505

    12 pack of his fav beer........
     

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