Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

Selling Business


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 02-20-2012, 10:13 PM
ConvLawncare ConvLawncare is offline
Junior Member
 
Join Date: Feb 2012
Posts: 7
Rep Power: 4
ConvLawncare is on a distinguished road
Default Selling Business

I have had my business for 2 years now and maintained it with one truck and one trailer. However, I have recently had the truck stolen. Therefore, I am planning to sell my business. My question is, can I sell the business along with the clients I had? None were in contract but I have all their info and they were very loyal to me. If I can sell customers as well, how would you base a price?

Thanks
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 02-21-2012, 07:40 AM
Ducke's Avatar
Ducke Ducke is offline
new member
 
Join Date: Nov 2010
Location: The Duck Pond
Posts: 844
Rep Power: 0
Ducke is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
What no insurance on the truck ???
Why not just get a new/used truck and continue on??
Why do you want to bail out so soon just because of one set back???
Reply With Quote
  #3  
Old 02-21-2012, 08:21 AM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

don't expect to get much for your accounts with no contracts.
you will be lucky if you got one months worth of service fees for them and that would be stretching it.

you will also find that your customers after only two years are not as loyal as you think when they find out you are bailing on them.

best bet, get another cheap truck.
no offense but chances are you were probably considering bailing before your truck was stolen and this is just your easy way out.
Reply With Quote
  #4  
Old 02-21-2012, 08:27 AM
willshome willshome is offline
new member
 
Join Date: Jan 2012
Location: Mass
Posts: 865
Rep Power: 0
willshome is on a distinguished road
Default

Could you rent a truck like one day a week and do all your work then?
Reply With Quote
  #5  
Old 02-21-2012, 10:54 AM
thegroundscrew's Avatar
thegroundscrew thegroundscrew is offline
Senior Member
 
Join Date: Nov 2011
Location: Bellevue, WA (425) - 15 minutes from Seattle (206, my city's filthy)
Posts: 141
Rep Power: 4
thegroundscrew is on a distinguished road
Default

If you are serious about selling your business you will only be able to get your money back on equipment. You wont get any money back on the accounts because none of them are on contract so basically you're left with what your equipment will sell for. (Plus an add ons like a website, etc)

- Selling your business will get you practically nothing (or at least a lot less than what you expect)
__________________

Curtis Michael
President
The Grounds Crew
(425) 765-2638
www.thegroundscrewllc.com
Reply With Quote
  #6  
Old 02-21-2012, 01:21 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,361
Rep Power: 10
Steve has disabled reputation
Default

I'd love to hear more on why you don't just push forwards and continue on.

In the past when we have seen businesses sell, in such situations, on average the business owner was able to get one month revenue on the customers he sold, not including equipment.

Now that's not to say you can't get more or you might get less, but that was on average what we have seen.
__________________
- 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.
Reply With Quote
  #7  
Old 02-21-2012, 05:03 PM
Spartan's Avatar
Spartan Spartan is offline
Junior Member
 
Join Date: Dec 2008
Location: Cumming, GA
Age: 44
Posts: 25
Rep Power: 7
Spartan is on a distinguished road
Default

A colleague of mine here in Atlanta, had somewhat of the same situation happen to him. He decided to try and sell his company equipment and clients (roughly 100). He ended up craigslisting the equipment and sold a portion of the clients to another medium size company for 1/8 of the monthly revenue generated. He was shocked. If you like it, rent a truck, explain the situation to your customers (they'll understand) and stick it out!
__________________
Clete Jarvis
Owner
Spartan Lawn & Landscape
www.SpartanLawnScape.com
Stay Green Turf Care
www.StayGreenTurfCare.com
Reply With Quote
  #8  
Old 02-22-2012, 01:32 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,361
Rep Power: 10
Steve has disabled reputation
Default

Quote:
He ended up craigslisting the equipment and sold a portion of the clients to another medium size company for 1/8 of the monthly revenue generated. He was shocked.
WOW! How many potential buyers did he have for his customers? Do you think he would do it another way now, knowing what he knows now?
__________________
- 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.
Reply With Quote
  #9  
Old 02-23-2012, 08:20 PM
ConvLawncare ConvLawncare is offline
Junior Member
 
Join Date: Feb 2012
Posts: 7
Rep Power: 4
ConvLawncare is on a distinguished road
Default

Well, I did have insurance and I have used them. The whole thing started when someone rear ended my parked truck and damaged frame along with towing package. The insurance paid the mechanic to do the work. Its been 4 months and he still hasnt fixed the truck. He kept telling insurance he was waiting on a part that was back-ordered. In the meantime I rented a vehicle to run my business, which was the only truck with a hitch I could find right away. The total cost was $3400 for 2 months (this money was gonna be refunded by the drivers insurance that hit my vehicle, however, they are refusing to pay since the vehicle was supposed to be ready in 14 days). Anyway, the mechanic bought some time from the insurance by telling them parts didnt come in yet. He proceded to close his shop completely and took my vehicle. No one know where this guy is and the vehicle cannot be found. So, therefore I have a $3400 rental bill that Im trying to fight in court (which is gonna takes months to resolve), I don't have a truck, And Im running low on money to purchase another vehicle. (Im still paying for the truck that is reported stolen, until the insurance pays me for the loss)

So there you have it, thats my whole story why I wanna sell the business right now. And no, I did not consider selling the business before, I built it from the ground up by carrying my push mower in the back of SUV and I was happy to see it grow
Reply With Quote
  #10  
Old 02-24-2012, 10:00 AM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

Quote:
Originally Posted by ConvLawncare View Post
Well, I did have insurance and I have used them. The whole thing started when someone rear ended my parked truck and damaged frame along with towing package. The insurance paid the mechanic to do the work. Its been 4 months and he still hasnt fixed the truck. He kept telling insurance he was waiting on a part that was back-ordered. In the meantime I rented a vehicle to run my business, which was the only truck with a hitch I could find right away. The total cost was $3400 for 2 months (this money was gonna be refunded by the drivers insurance that hit my vehicle, however, they are refusing to pay since the vehicle was supposed to be ready in 14 days). Anyway, the mechanic bought some time from the insurance by telling them parts didnt come in yet. He proceded to close his shop completely and took my vehicle. No one know where this guy is and the vehicle cannot be found. So, therefore I have a $3400 rental bill that Im trying to fight in court (which is gonna takes months to resolve), I don't have a truck, And Im running low on money to purchase another vehicle. (Im still paying for the truck that is reported stolen, until the insurance pays me for the loss)

So there you have it, thats my whole story why I wanna sell the business right now. And no, I did not consider selling the business before, I built it from the ground up by carrying my push mower in the back of SUV and I was happy to see it grow


don't let any of our questions discourage you from seeking advice because the only way we could offer quality advice is by seeking more information to better serve you.

i will say that i know things are tough and this time of year most guys in this business are pretty tapped out and second guessing themselves and when faced with unexpected financial burdens it may lead you to seek greener pastures.
it is obvious you put some time and effort into your business and if you have a good amount of customers to where you can make a decent buck you might be better off sticking it out and trying to find a way.
i know it may sound easy to say that but there is always a answer and solution to every problem and for all you know the answer may lie right in front of you.

if you do stick it out and get beyond this it will only make you a better businessman as well as the particular problems you are dealing with you will have a better understanding in how to prevent that from ever happening to you again.

more often then not the return you will get for the time and effort you invested in your business won't even be close to helping you, or at least to the point that you may think it will.

either way stay strong and know we are hear to help you and good luck to you.
keep us posted, and once again best of luck.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Selling Everything backinblack Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 3 01-03-2009 01:03 PM
* * Explore selling your LC business here * * GreenVentureGroup Franchise Building, Entrepreneurs, Business Leaders, & Innovators Discussions 10 05-23-2008 05:02 PM
selling it all moseley creek Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 10 11-13-2007 11:02 AM
What are you selling? Steve General Business Discussions 0 04-16-2007 06:36 AM
Selling your business kenny Tree Care, Irrigation, Landscaping, Hardscapes 3 12-19-2006 07:45 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Share your stolen...
SGL1
05-27-2015 09:05 PM
Today 06:52 PM
by SGL1
10 135
gopher lawn care...
rvezakis
Today 06:50 PM
Today 06:50 PM
by rvezakis
0 4
Hello
designr69
Today 02:47 PM
Today 02:47 PM
by designr69
0 17
Hello All
HappyGrass
05-27-2015 10:10 PM
Today 05:05 AM
by Sprinkler Buddy
3 86
big job for me....need...
holymoly
Yesterday 06:15 AM
Today 03:42 AM
by holymoly
4 107
What a JERK!
Chilehead
05-06-2015 08:13 AM
Yesterday 03:13 PM
by HappyGrass
16 827
5 things you would...
Steve
09-11-2008 08:53 AM
Yesterday 03:02 PM
by HappyGrass
5 2,162
how to make customers...
Bradcook21
05-27-2015 05:04 PM
Yesterday 12:31 PM
by Steve
5 127
Equipment dealers
mattthelawnguy
05-21-2015 04:33 PM
Yesterday 12:20 PM
by Steve
6 219
Things your lawn care...
Steve
05-27-2015 11:48 AM
05-27-2015 11:48 AM
by Steve
0 65
I can't believe people...
ExtremeLawncareServices
05-25-2015 10:29 AM
05-27-2015 11:45 AM
by jrs.landscaping
9 268
Show us your stripes
Just for Cuts
05-21-2015 03:07 PM
05-27-2015 11:35 AM
by Steve
5 196
Pissed off customers
stonegatedesigns
05-26-2015 05:29 PM
05-27-2015 11:26 AM
by Steve
3 138
Great start to the season
jcurr33
05-25-2015 08:49 PM
05-26-2015 01:50 PM
by Steve
2 103
uploading video on here?
holymoly
05-24-2015 08:13 AM
05-26-2015 01:37 PM
by Steve
2 101
new here ! need help
pgrace
05-23-2015 11:29 PM
05-26-2015 01:35 PM
by Steve
1 120
What's your next...
Steve
05-15-2015 11:54 AM
05-26-2015 01:25 PM
by Steve
14 413
problems with a customer
LawnCareMan280
05-19-2015 06:28 PM
05-26-2015 01:22 PM
by Steve
5 234
More Rain or Less?
Steve
05-20-2015 12:06 PM
05-24-2015 04:37 PM
by SGL1
12 303
Irrigation
pboy8634
02-21-2010 12:46 PM
05-22-2015 10:05 PM
by biglee
25 8,487
Beginner Mistakes:...
Steve
01-31-2007 11:45 AM
05-22-2015 09:58 PM
by biglee
37 9,236
Peace garden ideas
SGL1
05-13-2015 03:15 PM
05-21-2015 07:51 PM
by avetslawncare
16 551
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
05-20-2015 09:18 PM
by ExtremeLawncareServices
84 6,904
Total yard rehab
SGL1
04-23-2015 03:59 PM
05-19-2015 08:22 PM
by SGL1
15 846
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-19-2015 04:12 PM
by NinaMarie86
1,223 390,444
New Lawn Service
carmelitaslawnservice
05-19-2015 10:02 AM
05-19-2015 02:51 PM
by Steve
1 148
Landscaper Jailed After...
SGL1
05-18-2015 08:15 AM
05-19-2015 02:37 PM
by Steve
5 249
Pictures of commercial...
avetslawncare
04-01-2015 09:47 PM
05-19-2015 02:29 PM
by Steve
38 2,060
feeling like im being...
Bradcook21
05-17-2015 07:33 AM
05-19-2015 02:11 PM
by Steve
6 257
good news yesterday
Bradcook21
05-17-2015 07:08 AM
05-19-2015 06:16 AM
by Bradcook21
3 185
ignition coil
jasonw
05-12-2015 05:31 PM
05-18-2015 12:07 PM
by Steve
3 300
Anyone need help? I have...
biglee
05-06-2015 12:22 PM
05-18-2015 12:06 PM
by Steve
13 739
Big (to me) mulch job
tl757
04-23-2015 05:32 PM
05-15-2015 08:46 PM
by biglee
22 1,550
big dog mowers?
Bradcook21
05-13-2015 04:03 PM
05-14-2015 10:55 AM
by Steve
4 329
Small HOA Bid
lxarth
05-06-2015 10:37 PM
05-13-2015 11:55 AM
by Steve
9 556
New company in Michigan
SEM
04-24-2015 09:27 PM
05-13-2015 11:51 AM
by Steve
11 680
Fired for refusing to...
Mr. Mow
05-09-2015 06:15 AM
05-12-2015 01:36 PM
by Steve
6 547
I have ZERO confidence...
Just for Cuts
05-01-2015 04:24 PM
05-12-2015 03:53 AM
by jrs.landscaping
31 1,153
landscape insurance
clarkslawn
03-30-2015 10:14 PM
05-11-2015 01:15 PM
by Steve
6 1,067
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
05-10-2015 07:50 PM
by ExtremeLawncareServices
9 1,100
Bought my first STIHL...
Mr. Mow
05-09-2015 06:29 AM
05-10-2015 08:36 AM
by Mr. Mow
9 456
advice wanted please and...
CHenricks
05-07-2015 08:40 PM
05-08-2015 04:20 PM
by CHenricks
7 473
Hello
SallyBorowicz
05-06-2015 11:14 AM
05-08-2015 02:21 PM
by Steve
3 375
Mower Advice
tl757
05-06-2015 02:31 PM
05-08-2015 01:45 PM
by Steve
6 511
Home today...Still...
biglee
05-06-2015 11:59 AM
05-07-2015 12:06 PM
by biglee
2 379
I'm Back With The Best...
aduttonater
02-21-2015 12:41 AM
05-07-2015 11:17 AM
by Steve
79 4,066
color fliers?
holymoly
04-18-2015 02:32 PM
05-07-2015 10:57 AM
by Steve
16 1,076
Looking good
mrsmichigan
05-06-2015 09:47 AM
05-07-2015 10:53 AM
by Steve
1 318
What are your biggest...
Steve
05-05-2015 01:24 PM
05-07-2015 10:52 AM
by Steve
2 373
is craiglist good to...
JBENI
04-16-2015 11:11 AM
05-06-2015 07:15 PM
by TheYardGuy
12 1,161
» Popular Tags
aerocore apartment bid apartment lawn care estimate applying auger billy goat brushcutter blowout bob villa bush commercial deliquentaccounts demonstration design ditches door hangers employee problems estimate foreman free advertising google growing a lawn care business hardscapes how to hydraulic jobs john deere quik trac landscape landscape services landscaping training lawn lawn aeration lawn care lawn care busines plan managing a lawn care business marketing marketing secrets more customers business mulch new business ordinance patio install per hour service pricing pto scag scag v-ride scripts secrets to landscaping sell the vision shell shreaded snow plowing sq ft starting a lawn care business steep lawns swzt theft toro toro grand stand tractor auger trailer trailer mate pro up sell employee web design website website design winterization won't return wood wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:02 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 07:02 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy