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.

Buying accounts questions


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 08-24-2011, 08:25 AM
cwt2112 cwt2112 is offline
Junior Member
 
Join Date: Aug 2010
Posts: 8
Rep Power: 6
cwt2112 is on a distinguished road
Default Buying accounts questions

I have read through the other discussions on this topic but have been unable to find answers to my questions.

Iím looking at buying a handful of accounts to add to the handful I currently have and was wondering how the transaction typically proceeds. In my mind the two most important factors are: Physically seeing each account and retention. Beyond that making sure each customer is aware of the transition and if it all possible talking to each customer personally. However I understand why the seller would be reluctant to let me speak to each client before a deal is made. But as the buyer Iím reluctant to hand over money until I can speak to each customer. Any thoughts on how to move forward? And is there anything else I need to consider beyond proximity to my current location and looking through any financial records? True, I'd prefer to not buy customers but I need more work and it's a fast way to get it.

Thank you!
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 08-24-2011, 09:55 AM
Liberty Landscaping LLC Liberty Landscaping LLC is offline
Senior Member
 
Join Date: Oct 2009
Location: Woodbridge, NJ
Posts: 243
Rep Power: 7
Liberty Landscaping LLC is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
I haven't done this yet. I came close last season to buying ten but didn't. If it is all of the other persons accounts then buy the business and you can keep the contracts and say the point person is now me for your area to the customers and in a year use your contracts saying you changed business names. If you buy all his accounts have him sign a no compete contract so he can't do business in your area for five years or so. If its just a few accounts make sure there is def income I only would buy accounts with a signed contract no word of mouth purchases but that's me. Good luck and keep us posted.

I am considering buying this guys business of fourty accounts and he wants to stay on to get accounts for commision of one months income. If I do it he is signing a no compete so he can't do this for other people.
__________________
Liberty Landscaping LLC
www.libertylndscpng.com
Woodbridge, NJ
Reply With Quote
  #3  
Old 08-24-2011, 01:04 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,947
Rep Power: 10
Steve has disabled reputation
Default

Quote:
And is there anything else I need to consider beyond proximity to my current location and looking through any financial records?
Other issues we have seen is that you need to contractually keep the seller from going back and scooping the customers up from you after he sells them to you.

Have you calculated the cost per customer and compared that with your other marketing and the acquisition costs you had with those methods?

You might find it cheaper and easier to do some more marketing instead.
__________________
- 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
  #4  
Old 08-24-2011, 06:06 PM
cwt2112 cwt2112 is offline
Junior Member
 
Join Date: Aug 2010
Posts: 8
Rep Power: 6
cwt2112 is on a distinguished road
Default

Thank you for the feedback I will take it all under consideration. One thing for sure I'm not finalizing anything until I've had the chance to speak with every account. It's definitely a risky thing buying accounts, however in this case and at the moment the seller is willing to work with the buyer and the customer to do what can be done to ensure retention and on paper these would be some great accounts. At minimum I should be able to get a verbal agreement from the customer to give me a month to earn their business. If it happens, while I always build and maintain a relationship with my customers and give as much as I can... these "purchased" customers are going to get a whole lot of extra stuff and attention. Kind of like... "Oh you need your toilet unstopped?" "no problem!" Make it so they'd be crazy to take back a dishonest scumbag.

Thanks much!
Reply With Quote
  #5  
Old 08-25-2011, 10:26 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,947
Rep Power: 10
Steve has disabled reputation
Default

Keep us posted on how all this goes.

Also for others considering doing this, what monthly income multiple should they be looking at to pay per customer?

1 month's income or more?
__________________
- 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
Buying Existing Accounts mxr163 Starting a lawn care business. 11 03-10-2013 06:25 AM
Buying old vs. buying newer. rclandscaping Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 5 08-27-2009 04:13 PM
Buying Lawn Care Accounts LOUROCK Community Assistance 2 10-19-2008 09:31 PM
Buying accounts ProCut TM Community Assistance 10 04-20-2008 10:49 PM
Buying used landscape warrior Lawn Maintenance / Lawn Renovation 6 08-10-2007 10:32 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
Today 04:45 PM
by lawngawd7
9 278
Help a Brother Out -...
Hedgemaster
01-23-2012 04:19 PM
Today 04:34 PM
by Crossett73
91 33,650
Hello from Alabama
pruzilla
Yesterday 01:20 PM
Today 08:14 AM
by pruzilla
2 40
Hello from Centreville!
Daveylawns
05-23-2016 09:04 AM
05-24-2016 04:08 PM
by Steve
1 62
Laying new grass, Sod...
WarriorLandscapingCAN
05-23-2016 10:07 AM
05-23-2016 08:41 PM
by Steve
1 49
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
05-23-2016 09:06 AM
by Daveylawns
10 3,759
Prolin
rmccutchan
05-21-2016 04:53 PM
05-21-2016 06:36 PM
by rmccutchan
2 69
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
05-20-2016 07:08 PM
by Stevenor92
8 196
Intro
LaraRahmani
05-18-2016 02:54 PM
05-19-2016 02:43 PM
by Steve
2 105
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
05-18-2016 07:34 PM
by Stevenor92
4 177
New mower!!!!
Stevenor92
05-18-2016 03:46 AM
05-18-2016 06:39 PM
by Stevenor92
2 110
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-18-2016 02:59 PM
by LaraRahmani
1,249 434,713
Stupid idea?
hopolb33
05-13-2016 11:25 AM
05-16-2016 11:22 AM
by Steve
1 149
Planting SKYBOUND CEDARS
FrankieeLawnz
05-13-2016 03:59 PM
05-16-2016 11:21 AM
by Steve
1 133
Edging Fad...
Tree geek
05-10-2016 11:29 PM
05-15-2016 11:12 PM
by Tree geek
2 180
Business Overload
Chilehead
05-06-2016 09:27 PM
05-13-2016 11:15 AM
by Steve
11 377
Hello from great state...
Cel1980
05-11-2016 09:00 AM
05-13-2016 11:07 AM
by Steve
2 152
Did this job free to...
JJand M Lawncare
05-02-2016 02:33 PM
05-11-2016 03:54 PM
by JJand M Lawncare
10 418
How to tell Cust. to...
GeeGood
04-09-2008 09:55 PM
05-09-2016 07:08 PM
by JJand M Lawncare
16 5,507
Echo SRM 230 trouble.
Jack Rabbit
05-08-2016 06:16 PM
05-08-2016 11:22 PM
by Just for Cuts
1 145
Toro ZTR Issues
rsanchez1203
05-06-2016 09:27 PM
05-07-2016 10:26 AM
by Steve
2 168
Correct way to quote a...
WarriorLandscapingCAN
05-02-2016 11:52 AM
05-03-2016 10:59 AM
by Steve
1 284
Having an issue with...
Mr. Mow
04-27-2016 03:58 PM
04-28-2016 05:04 AM
by Sprinkler Buddy
2 287
Hello From Virginia
JJand M Lawncare
04-25-2016 01:02 PM
04-27-2016 05:20 PM
by Steve
5 329
» Popular Tags
advertising become an entrepreneur best mower be your own boss break business education business help business management contractor hacks deck lift dethatcher edging entrepreneur entrepreneur education estimates free lawn care fuel problems fuel pump half moon blade hydro increase customers jjandm lawncare landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawncare lawn mowing lawnservice lowering grade marketing mulch new business planting plowing raising grade residential lawn care richmond va richmond virginia lawn care roundup safety scag snowblower snow plowing snow shovel solo solo backpack sprayer start a business start a lawn care business start business start up swzt toro timecutter tree tree pics tree service video walk behind what to charge work from home
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 04:47 PM.


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

All times are GMT -5. The time now is 04:47 PM.

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