purschase business

Discussion in 'Starting a Lawn Care Business' started by cowboytim, Sep 8, 2008.

  1. cowboytim

    cowboytim LawnSite Member
    from MN
    Messages: 180

    i have the oppertunity to buy out my buddy. He does 20,000 a month in the summer and 10,000 in the winter snow or no snow. He is about the same size as myself. He is asking 20,000 which I think is fair. What do you all think?? He has contracts that are for 3 more years to a year and a half.
  2. ffemt1271

    ffemt1271 LawnSite Bronze Member
    Messages: 1,285

    if he has contracts go fo it, you can pay for it in a month
  3. vrmpsh18

    vrmpsh18 LawnSite Member
    Messages: 9

    Sounds pretty fair, do you have the employees to handle the added jobs? or would they come along with the purchase?
  4. cowboytim

    cowboytim LawnSite Member
    from MN
    Messages: 180

    It is actually one guy working 30 hours a week. I almost think it is to good to be true
  5. sa1lng

    sa1lng LawnSite Member
    Messages: 73

    You said your biz was about the same size?... if your accounts / revenues are significantly different, you probably would want to figure out why the difference.

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