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 > Franchise Building, Entrepreneurs, Business Leaders, & Innovators Discussions

Franchise Building, Entrepreneurs, Business Leaders, & Innovators Discussions Are you interested in starting your own lawn care franchise or are you interested in buying into one? Let's talk about different franchise opportunities and how to build your own franchise. Also we discuss different entrepreneurs who inspire us!

Potential to buy accounts and equipment


Franchise Building, Entrepreneurs, Business Leaders, & Innovators Discussions

Are you interested in starting your own lawn care franchise or are you interested in buying into one? Let's talk about different franchise opportunities and how to build your own franchise. Also we discuss different entrepreneurs who inspire us!
Reply
 
Thread Tools Search this Thread
  #21  
Old 07-27-2012, 12:14 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,835
Rep Power: 10
Steve has disabled reputation
Default

Congratulations to you! Keep us posted on how the transition goes and how it feels to add all those new customers.
__________________
- 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

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


  #22  
Old 08-21-2012, 06:05 PM
Rodriguez11 Rodriguez11 is offline
Senior Member
 
Join Date: Oct 2010
Location: Alabama
Posts: 102
Rep Power: 5
Rodriguez11 is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Well after week 2 of doing all the new customers I met a lot of nice people that were happy to have a good service continue. The old company was doing the properties in 4 days with 2 people and we are knocking it out in 1.5 days with 3! So everything is definitely going right! Long hours and hard work will soon pay off. Equipment was a little bo bo, exmark pump went out.. But I wasnt really counting on the equipment that much.
__________________
2008 F-350, 2006 rzt50 23kH, 2010 tank m48 with 25kH, 16x8 vnose car hauler, echo edgers and weedeaters.
Reply With Quote
  #23  
Old 08-22-2012, 12:55 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,835
Rep Power: 10
Steve has disabled reputation
Default

That is great news! Now with this experience you have had, what advice would you have for others considering doing this?
__________________
- 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
  #24  
Old 08-23-2012, 04:05 PM
Rodriguez11 Rodriguez11 is offline
Senior Member
 
Join Date: Oct 2010
Location: Alabama
Posts: 102
Rep Power: 5
Rodriguez11 is on a distinguished road
Default

So far my experience is going well. Customers are all nice and happy about the change going smoothly and I am happy that we are able to take care of the new properties in about 1.5 days each week instead of the 4 days it was taking the last 2 guys. Equipment we bought with the company is not in the best shape that I thought it was in, 2 weeks later and the hydro pump went out on the exmark 48. Sucks but the equipment was not really what I was interested in. Only problem I am having is one of the previous owners is calling behind me and checking to see if customers are happy. I had to call him and let him know that was not ok because it is not his business anymore.
__________________
2008 F-350, 2006 rzt50 23kH, 2010 tank m48 with 25kH, 16x8 vnose car hauler, echo edgers and weedeaters.
Reply With Quote
  #25  
Old 02-26-2013, 08:26 PM
Rodriguez11 Rodriguez11 is offline
Senior Member
 
Join Date: Oct 2010
Location: Alabama
Posts: 102
Rep Power: 5
Rodriguez11 is on a distinguished road
Default

A little update on the accounts I purchased. It was quite frustrating after the first month or two because I had people dropping for various reasons. Some were family members, some didnt pay and some just said they did not need service anymore. My biggest problem was not the people dropping because before buying I assumed at least 10% would drop. My problem was more that the people that did stay on did not match up to the amount of cuts the contract said the customers usually do. Like customers that they said continue every other week service throughout the winter have either cut back to once a month or completely dropped until warmer weather. Overall it was worth the purchase just a little headache at first. I paid the company off in 5 months and now its all about making the money now.
Fuel has gone up to $1200-1500 a month, that's probably my biggest problem but its part of the business.
__________________
2008 F-350, 2006 rzt50 23kH, 2010 tank m48 with 25kH, 16x8 vnose car hauler, echo edgers and weedeaters.
Reply With Quote
  #26  
Old 02-27-2013, 12:14 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,835
Rep Power: 10
Steve has disabled reputation
Default

That is a very interesting update!

Would you do it again? If so, what might you do differently about the process or the way you valued it etc?
__________________
- 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
  #27  
Old 01-29-2014, 09:48 AM
acrajchel acrajchel is offline
Senior Member
 
Join Date: Feb 2012
Posts: 138
Rep Power: 3
acrajchel is on a distinguished road
Default

I know this is an old thread, but just in case anyone else is in the same position.

The easiest way to evaluate a company is 3x their revenue from previous year. So if they pulled in $20,000 last year, their business should be worth $60,000. This is for all businesses, but I have noticed on CL, that everyone undervalues their lawn care business a lot. They say they make $60k a year revenue but ask $20k to sell. I am thinking that a lot of people value their business as capital investment (equipment), and they don't consider their client list and branding as an asset.
Reply With Quote
  #28  
Old 01-29-2014, 02:05 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,835
Rep Power: 10
Steve has disabled reputation
Default

Quote:
The easiest way to evaluate a company is 3x their revenue from previous year.
What is your view on why it should be 3x revenue?
__________________
- 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
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
how to respond to potential clients mramsa82 Starting a lawn care business. 3 04-19-2012 09:20 PM
Are you using Facebook to it's full potential? The Cleaning Doctor Lawn Care Marketing & Post your marketing material for review! 5 06-30-2011 12:51 PM
Potential new customers that are cheapos jymie Starting a lawn care business. 23 06-27-2011 11:16 PM
Should I send this to potential customers? CHEESE2009 Community Assistance 9 02-02-2010 11:37 AM
Income potential jasonw Starting a lawn care business. 13 06-11-2009 03:33 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
New to the forum
LCRobert
01-26-2015 10:21 PM
Today 07:47 PM
by LCRobert
6 117
Government contracts
avetslawncare
11-15-2014 08:50 AM
Today 04:27 PM
by Chilehead
7 770
Contact last years...
googus
Today 09:13 AM
Today 12:31 PM
by Steve
1 51
What happened to Better...
Steve
01-27-2014 04:07 PM
Today 12:26 PM
by Steve
21 3,129
Lawn care truck
Steve
10-10-2009 03:40 AM
Today 12:23 PM
by Steve
44 15,982
adding something new...
veteranslawncaresystems
Today 12:13 AM
Today 12:16 PM
by Steve
1 53
Looking for advice on...
berryjam
01-21-2015 07:37 PM
Today 12:13 PM
by Steve
12 349
Bidding to get other work
Rodriguez11
07-21-2011 11:52 PM
Today 12:08 PM
by Steve
29 9,379
How many contracts...
5StarLawnscaping
01-12-2015 03:51 PM
Today 11:04 AM
by ExtremeLawncareServices
10 533
"Part Timers", "Low...
doug1980
06-10-2009 12:55 PM
Yesterday 09:01 PM
by jrs.landscaping
43 10,248
Is anyone doing mosquito...
BWild
Yesterday 12:30 PM
Yesterday 07:24 PM
by avetslawncare
4 95
TaskEasy & Plowz & Mowz...
jrwalker333
01-25-2015 01:02 PM
Yesterday 02:14 PM
by Steve
5 171
New to group
ron@alpine
Yesterday 08:45 AM
Yesterday 01:29 PM
by Steve
1 63
please Help with none...
Lawnboyman1170
01-09-2015 09:46 AM
Yesterday 01:27 PM
by Steve
13 588
does this sound good or...
Bradcook21
01-22-2015 09:24 AM
Yesterday 07:42 AM
by ringahding1
9 292
second year advise
cmdlawncare
01-23-2015 06:22 PM
Yesterday 07:31 AM
by ringahding1
6 244
These are the days on...
ExtremeLawncareServices
01-11-2015 11:41 AM
01-25-2015 09:34 AM
by ExtremeLawncareServices
9 533
need advise
rawssrob
02-23-2010 02:45 PM
01-23-2015 06:40 PM
by cmdlawncare
7 2,562
New to forum
ROB N
01-23-2015 08:35 AM
01-23-2015 01:53 PM
by Steve
1 126
Extending the life of...
rmccutchan
01-17-2015 12:37 AM
01-23-2015 01:43 PM
by Steve
8 362
osceola lawn service
jasa@wildblue.net
01-22-2015 03:23 PM
01-23-2015 01:38 PM
by Steve
1 141
Tax Question
Wolf4dk
01-20-2015 01:11 AM
01-22-2015 02:28 PM
by Steve
4 268
Billy Goat Vac
Mr. Mow
01-19-2015 07:42 AM
01-22-2015 02:18 PM
by Steve
6 259
Property Pricing
GVL
01-19-2015 02:46 PM
01-21-2015 02:18 PM
by Steve
5 311
Landscapers Source For...
breadcrumb
01-16-2015 02:44 PM
01-21-2015 05:55 AM
by breadcrumb
14 480
Hoa advice
Bradcook21
01-16-2015 09:36 PM
01-20-2015 04:30 PM
by Steve
4 291
My Invention
biglee
01-11-2015 07:51 PM
01-20-2015 10:16 AM
by biglee
16 648
How to beat the pre pay...
stansg1fresh
01-13-2015 04:33 PM
01-19-2015 03:38 PM
by ringahding1
3 374
Hello from Md
homey
12-17-2014 06:55 PM
01-19-2015 01:37 PM
by Steve
12 1,154
Hi from Illinois
burtle
01-02-2015 09:46 PM
01-19-2015 01:22 PM
by Steve
3 536
Hello from SW FL!!
5StarLawnscaping
12-05-2014 02:35 PM
01-19-2015 01:20 PM
by Steve
14 1,467
Lost my @#$ blower
stevef1201
01-11-2015 08:31 AM
01-17-2015 02:21 PM
by lxarth
2 394
Another Illinoisan.....
barhopper
01-11-2015 05:38 PM
01-16-2015 04:29 PM
by Steve
10 454
marketing with pizza...
apmAkron
01-15-2015 09:57 AM
01-15-2015 06:29 PM
by Steve
4 286
CRM and Quickbooks?
5StarLawnscaping
01-15-2015 08:06 AM
01-15-2015 08:06 AM
by 5StarLawnscaping
0 211
New Member, Indiana Iraq...
Timbo
07-14-2011 09:44 AM
01-14-2015 06:14 PM
by Steve
10 3,809
check this box truck out!
BLAZIER-1991
01-07-2015 07:40 PM
01-13-2015 03:06 PM
by biglee
8 659
My community only ad...
googus
01-12-2015 09:55 AM
01-13-2015 02:44 PM
by Steve
5 346
12 Years in Business!
Chilehead
10-23-2014 09:07 AM
01-13-2015 09:37 AM
by Chilehead
18 1,829
use a small business...
BLAZIER-1991
12-25-2014 12:21 AM
01-12-2015 06:32 PM
by BLAZIER-1991
30 1,599
tips on creating a...
BLAZIER-1991
01-08-2015 07:22 PM
01-12-2015 06:19 PM
by BLAZIER-1991
4 489
During Your Down Time
achri12
12-24-2014 03:03 PM
01-12-2015 03:54 PM
by Steve
10 1,118
Leaf cleanup
Bradcook21
01-09-2015 02:21 PM
01-12-2015 12:22 PM
by Jamesw86
4 471
Has Anyone Used Plowz ?
dpld
01-08-2014 12:14 PM
01-11-2015 02:17 PM
by burtle
20 3,442
What to pay help
Bradcook21
01-07-2015 01:32 PM
01-08-2015 07:01 PM
by Steve
1 485
Need a trailer
googus
01-07-2015 09:40 AM
01-08-2015 10:24 AM
by Upscale2
7 606
Do you guys charge buy...
burtle
01-02-2015 09:58 PM
01-07-2015 08:37 PM
by Shark1611
14 971
Organic Lawn Care...
NHray
10-17-2014 07:05 PM
01-07-2015 07:05 PM
by greyhound
18 2,204
Need advice please
CHenricks
01-06-2015 01:17 AM
01-07-2015 03:34 PM
by Steve
4 571
Mowing 2 acres
Bradcook21
01-05-2015 03:13 PM
01-07-2015 03:32 PM
by Steve
9 712
» Popular Tags
4wd aerocore apartment bid apartment lawn care estimate applying auger billy goat brushcutter bush commercial deliquentaccounts demonstration ditches door hangers employee problems ferris first truck foreman georgia google gopherhaul grass how to hydraulic introduction jobs john deere quik trac landscape services lawn lawn aeration lawn care lawn care busines plan lawn care business podcast lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care seo lawn care website lawn care website seo managing a lawn care business marketing mulch patio install per hour service podcast pricing pto reo savannah scag v-ride search engine optimization seo shell shreaded snow plowing sq ft starting a lawn care business steep lawns steve sulky theft toro toro grand stand tractor auger trailer trailer mate pro up sell employee walk behind wood wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 11:00 PM.


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

All times are GMT -5. The time now is 11:00 PM.

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