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Would you sell???

Discussion in 'Business Operations' started by Landscraper1, Feb 24, 2012.

  1. JB1

    JB1 LawnSite Fanatic
    Messages: 5,903

    i wouldn't hesitate, i would sell.
     
  2. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Messages: 753

    19 employees currently
     
  3. aaron79mowing

    aaron79mowing LawnSite Member
    from Indiana
    Messages: 49

    If you don't feel confident in you ability to keep it long term, then as long as its a good offer you should sell. I agree, it would be a terrible thing if you had problems down the road and the business tanked. Also if you didn't have to work anymore, perhaps it would be better for your health and well being especially by eliminating all the stress that comes with ownership.
     
  4. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Messages: 753

    Stop me from starting a new company or working for another.
     
  5. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Messages: 753

    Through the past few years I have spoken to a few Lc's that have either sold or have had offers. I knew that some day I would have to sell so, I gathered as much info on what these larger companies are looking for and modeled my business to match that. I also have a very good idea what they go by to figure out the value of the business.

    $1 mil would be an offer on the low end. The business is profitable. Grossed $1.4 mil last year, has quite a bit in assets, and a great customer base.
     
  6. nepatsfan

    nepatsfan LawnSite Gold Member
    Messages: 3,142

    Impossible...you don't have enough posts on lawnsite to gross that much:drinkup:
     
  7. Mahoney3223

    Mahoney3223 LawnSite Senior Member
    from midwest
    Messages: 995

    :laugh: that's funny. I agree, because according to almost all the guys on here, most everyone on this site does well over 1 million in sales with 20 employees :dizzy:
     
  8. Landrus2

    Landrus2 LawnSite Platinum Member
    Messages: 4,836

    Y
    That's like 600 k in payroll .:confused:
    What do you pay in Workman's insurance :waving:
     
  9. snomaha

    snomaha LawnSite Senior Member
    from midwest
    Messages: 955

    Have you ever looked at doing a succession plan? Maybe a key employee or group of them? Did one a few years back that maps out exactly what would happen if i were ready to sell, disabled or die. Included potential buyers both internally and externally, stay bonuses for key people, tax minimization and personal financial needs after stepping away from the business.
    Similar to your comment - it gave me clarity on what brought value to my business (reoccurring revenue stream, documented processes, profitable).
     
  10. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Messages: 753

    approx $500k for payroll

    approx $30k worker's comp
     

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