Well I just bought a route. I bought a use 4 year old ferris 52" walk behind. A redmax blower 1/2 season old and 14 accounts. The accounts are all high end worth 15,260 if I cut 28 times next season. I DO NOT have contracts with these people, I would have paid more for the accounts if there were contracts ( or service agreements ). I have been working with the old lco this year for a smooth transition I figured in a 25% loose rate for customers ( that is on the high side I only expect to loose these customers if they move.) I paid $4100.00 for the equipment and the route. I hope this helps, I imagine that area your in could dictate what your business is worth also. Let me know what happens, maybe I paid to much lol.
I would pay more for a tighter route, becuase it would be more profitable.
One rule of thumb I have heard for buying ANY business is 4 times yearly PROFIT (Net). This may be tricky as many lawn businesses do not know their TRUE overhead, and thus may not have a true profit figure.