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Selling the Business

Discussion in 'Lawn Mowing' started by Willmow4dough, Aug 4, 2006.

  1. Willmow4dough

    Willmow4dough LawnSite Member
    Messages: 56

    :usflag: I am about to place my Lawn care side of my company up for sale and focus on landscape and irrigation for now.

    Currnetly they produce about $120,000 per year not including extras which should bring them to $150,000 +. We have had offers in the $140,000 area but I think we can do better. (this is without the gear or trucks).

    What do you guys think.
  2. ProStreetCamaro

    ProStreetCamaro LawnSite Platinum Member
    Messages: 4,289

    Ummmm as a general rule of thumb a person can expect to get 2 cuts out of each residential but I dont know what you have? If its all residential lawn cutting then there is no way in holy H#LL your going to get that much for it. You need to let everybody know what you have before anybody can give you an idea of the going rate.
  3. Willmow4dough

    Willmow4dough LawnSite Member
    Messages: 56

    They are a currently 60% commercial. But all are under signed contract.
  4. ProStreetCamaro

    ProStreetCamaro LawnSite Platinum Member
    Messages: 4,289

    If somebody offered you 140K you better jump on it because I wouldnt give you half that amount myself. You have to concider we are well over half way through the season and the contract on your commercials are good for 1 year correct?
  5. LawnGuy73

    LawnGuy73 LawnSite Bronze Member
    Messages: 1,946

    I'd say take the 140k, it would be a really dumb move not to.
  6. lawnmaniac883

    lawnmaniac883 LawnSite Silver Member
    Messages: 2,613

    140k with no equipment? That is ridiculous!!!
  7. LindblomRJ

    LindblomRJ LawnSite Silver Member
    Messages: 2,570

    140 and no equipment? Take the money and run.
  8. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    If you come across a dog that can talk, you don't correct him on his grammar...take the loot and run.
  9. dvmcmrhp52

    dvmcmrhp52 LawnSite Platinum Member
    from Pa.
    Messages: 4,205

    Ya...........it sounds like the blind squirrel routine.

    If you think for one minute that you're getting more than $140,000 for
    some accounts you would be kidding yourself.
    I think you're already kidding yourself with these supposed offers.
  10. grass-scapes

    grass-scapes LawnSite Bronze Member
    Messages: 1,552

    Yeah, Id buy them for that....I have always wanted to work for free for at least a year with the possibility of coming up empty handed with cancelled contracts after the first year.

    LOL...Sounds like either you are blowing smoke, or the person who made you the offer is.

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