Thinking of retirement!!

Discussion in 'Lawn Mowing' started by harvestmoon, Oct 28, 2003.

  1. harvestmoon

    harvestmoon LawnSite Member
    Messages: 5

    I am thinking of selling the buisness this winter. What do accounts go for in your areas. These are mostly lawn accounts. Some have mulching and two are full service (no fert.)

    Does 75% of a years gross sound way off?


  2. Scraper

    Scraper LawnSite Bronze Member
    Messages: 1,656

    I believe the words you were looking for were career change. Do a search...there is plenty of info on selling and buying.
  3. EagleLandscape

    EagleLandscape LawnSite Platinum Member
    Male, from Garland, Texas
    Messages: 4,350

    75% of one years gross? Way to little! Think of a few years.
  4. Mike Bradbury

    Mike Bradbury LawnSite Senior Member
    Messages: 492

    BS :dizzy:
  5. Tider6972

    Tider6972 LawnSite Senior Member
    from Alabama
    Messages: 649


    that was a good one, but I think this guy was serious. eheh

    No, it isn't likely to fetch that kinda money, but, HEY ! if you can get
    it, it is worth it.

    The search is the best idea, cause I fear the answer is gonna take some
    time for you to accept.

    Good luck !
  6. ronslawncare

    ronslawncare LawnSite Senior Member
    Messages: 540

    i know this sucks but the way the guys over here do it is one months worth/per account wow theres like no equity in this business .i dont know about comercial i was nvr aproach ed
  7. turfsolutions

    turfsolutions LawnSite Senior Member
    Messages: 854

    Depends on profitablity. Normally around 30-40% gross.
  8. justmjc

    justmjc LawnSite Senior Member
    Messages: 261

    Lawn accounts usually sell from 25%-30% of the annual income. Equipment runs from 50% and up. More than likely, you will be dealing with people that will need to have you hold a little financing, if your a large outfit. It's not uncommon for someone to come and bid for small down, payments for the remaining, and even want more concessions on top of that. Since not all customers will 100% follow new ownership, there should be a refund of the percentage that do not. Have an attorney draw up a good contract of sale. Good Luck


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