No announcement yet.

600 acre retirement community

  • Filter
  • Time
  • Show
Clear All
new posts

  • 600 acre retirement community

    ok, i wrote once before about this place
    a retirement community in NJ that is on 600 acres, and needs lawn maintenance.
    The contract was offered to my father, who has no intentions of going to where the place is located and running it, he wants me to run it.

    why am I writing, because we are bumping heads on payment matters. Who gets what?

    OK, here are the facts, The place is worth about a million and a half per year,plus the houses are all individually responsible for there own work, so if they want mulch, or pruning, or a sidewalk, thats extra money on top of the contract.

    Now, my father wants to handle all of the overhead costs, and pay me 100,000. per year to run it. So He would be profiting about a million a year after costs, and not even see the place all year. He would stay up north and run his current business, and just get the check.

    Is that fair just because his name is on the contract.

    we met today to discuss this, and I told him that I wanted half of the profit, and he would have to come down twice a week so i could have 2 days off. He said no, so i would be doing all the work, and managing a 10 man crew, and only making 100 grand per year

    I know thats not chump change, but considering what the place is worth.

    What should I be getting, is he right with his numbers?

    am i right?

    What would you guys take if you where in my shoes?

  • #2
    Whos equipment is being used? *Who will be held responsible if payment isn't received from the community? *Whos insurance is going to cover the work? *Those are some major questions to ask.


    • #3
      an upfront 15% of the contract was requested to cover all equipment and startup costs, so we were gonna buy all of the equipment and startup expenses from that.

      However, the insurance, and risks, of everything would be him. I would be there each day running it, but the insurance, and billing would come form him


      • #4
        Now would the $100,000 just cover you, and not employees?

        Break it down more for me such as:
        1. What is the gross income?
        2. What are the fuel and maintenance costs?
        3. What are the equipment costs?
        4. What are the employee costs?
        5. What is the the insurance cost?
        6. How many hours each week is going to be on this property?


        • #5
          we dont have a final number on the contract yet

          we figured it off 1.2 million gross

          which we figured profit after all expenses would be $625,000

          thats after payroll, insurance, everything except me

          he wants to give me 100 grand a year
          and pocket $525 grand a year


          • #6
            thats assuming its worth 1.2 million gross, if its worth say 2 million
            i would still only get 100 grand and he would pocket the rest
            I just dont see how its fair for him to not ever even see the place, and profit all that money off my work.

            I understand his name is on the line, but is it really worth that much?


            • #7
              How many hours will you working on that property during the year?


              • #8
                6 days a week, 9 hours a day, 9 months a year
                plus snow falls for which i would have to be on call


                • #9
                  I personally feel that $100,000 for the year is very goood.

                  Lets consider this, you have no costs at all and you make $20 an hour working, which is very good considering no costs to you.

                  $20 x 9hrs a day = $180 a day
                  $180 x 6 days = $1,080 a week
                  $1,080 x 4 weeks = $4,320 a month
                  $4320 x 9 months = $38,880 a year

                  Now that does not include snow removal, but I still think $100,000 is well worth. I personally think anything above $50,000 is worth it


                  • #10
                    im not really arguing that working the schedule i woul be working wouldnt be worth it for 100 grand

                    what im arguing is why he gets over a million for sitting home

                    im turning the offer down, and im going to submit my own proposal. Which pretty much kills his chances already.

                    He barely knows how


                    • #11

                      Won't that cause huge turmoil though with you and him?
                      - Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
                      Download your Free trial of Gopher Lawn Care Software.


                      • #12
                        there has always been huge turmoil between me and him


                        • #13
                          Well here is my view.

                          What if you just don't factor in how much he is making? Would it then be a good deal for you?

                          What I am afraid might happen is this. You submit your own bid, your father finds out and he cuts you out of it and then you don't win with your bid because what ever reason, maybe "you aren't in your 50's or whatever."

                          Then you would be out with both.

                          Why not do this and if it works out it could further help fund your growth?

                          What's your view?
                          - Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
                          Download your Free trial of Gopher Lawn Care Software.


                          • #14
                            I agree with Gopher. Try not to think about what he actually making, instead think of all the equipment, expenses, and turmoil he has to deal with. Imagine yourself as an owner right now with all of the paperwork, equipment maintenance, overhead, etc that you have to deal with. Real headache right? Now imagine taking all of that away and still making really good money.

                            If you are worried that he might stiff you sign an agreement with him. Make him pay you a weekly paycheck. If he missed a paycheck, then you are done with the work, and now he is stuck with the hassle of trying to find someone else.

                            What does he want to pay you though? Does he want to pay you only $100,000 or less?


                            • #15
                              his offer was exactly 80 grand


                              Bottom Ad Widget