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, 09:25 AM
cwt2112 cwt2112 is offline
Junior Member
 
Join Date: Aug 2010
Posts: 8
Rep Power: 5
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, 10:55 AM
Liberty Landscaping LLC Liberty Landscaping LLC is offline
Senior Member
 
Join Date: Oct 2009
Location: Woodbridge, NJ
Posts: 243
Rep Power: 6
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, 02:04 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,982
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, 07:06 PM
cwt2112 cwt2112 is offline
Junior Member
 
Join Date: Aug 2010
Posts: 8
Rep Power: 5
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, 11:26 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,982
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 07:25 AM
Buying old vs. buying newer. rclandscaping Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 5 08-27-2009 05:13 PM
Buying Lawn Care Accounts LOUROCK Community Assistance 2 10-19-2008 10:31 PM
Buying accounts ProCut TM Community Assistance 10 04-20-2008 11:49 PM
Buying used landscape warrior Lawn Maintenance / Lawn Renovation 6 08-10-2007 11:32 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Opinions on truck wrap
Truro
Yesterday 04:21 PM
Today 08:44 PM
by hemiman
4 125
My Newborn son
avetslawncare
02-27-2015 01:07 PM
Today 08:13 PM
by SGL1
3 79
I'm Back With The Best...
aduttonater
02-21-2015 01:41 AM
Today 07:57 PM
by SGL1
14 597
New Website
brian'slawncare
Today 06:35 PM
Today 07:51 PM
by SGL1
1 31
Online Estimator
acrajchel
Today 05:58 PM
Today 05:58 PM
by acrajchel
0 29
Ugliest lawn contest
Steve
02-23-2015 04:17 PM
Today 04:18 PM
by SGL1
3 303
How to sell annual...
GroPro
02-17-2015 12:31 PM
Today 01:46 PM
by Chilehead
8 584
stubbon people
Bradcook21
02-16-2015 04:25 PM
Today 12:38 PM
by Mr. Mow
42 1,333
rock salt
Bradcook21
02-24-2015 11:17 AM
Yesterday 08:46 AM
by jrs.landscaping
23 510
price for snow clearing?
Bradcook21
02-25-2015 09:11 PM
02-27-2015 08:54 PM
by Bradcook21
5 204
Facebook
element009
03-23-2011 09:36 AM
02-27-2015 11:37 AM
by ExtremeLawncareServices
52 11,826
Blade sharpener
Just for Cuts
07-04-2014 01:31 PM
02-26-2015 03:43 PM
by Mr. Mow
15 1,759
viking cyclon.
uppercut
01-29-2015 09:12 PM
02-26-2015 02:54 PM
by Steve
5 517
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 01:06 AM
02-26-2015 02:41 PM
by Steve
1 124
Another website update
Chilehead
02-26-2015 11:24 AM
02-26-2015 12:46 PM
by Just for Cuts
3 118
tips on creating a...
BLAZIER-1991
01-08-2015 07:22 PM
02-26-2015 02:44 AM
by ExtremeLawncareServices
5 727
New Lawn Care Service...
rlclawncare123
02-26-2015 12:49 AM
02-26-2015 02:24 AM
by ExtremeLawncareServices
1 131
Finally!
SGL1
02-22-2015 09:46 PM
02-25-2015 10:15 PM
by SGL1
13 467
leaf removal.. mulching...
facework84
08-05-2011 03:26 PM
02-25-2015 08:07 PM
by Steve
5 2,809
How many customers?
SC93
02-25-2015 12:40 AM
02-25-2015 04:59 PM
by SC93
5 247
Irrigation...
charlieallen
02-24-2015 01:16 PM
02-25-2015 02:58 PM
by Steve
6 239
use a small business...
BLAZIER-1991
12-25-2014 12:21 AM
02-25-2015 12:46 AM
by SC93
33 2,842
honest opinion please
uppercut
02-17-2015 02:30 AM
02-24-2015 07:12 PM
by homey
10 666
2nd year advice anyone
Bradcook21
02-18-2015 07:00 PM
02-24-2015 05:15 PM
by Bradcook21
14 649
need help
lawnexpers115
02-23-2015 05:36 PM
02-24-2015 02:49 PM
by Steve
3 282
Hello People
nativikee
02-23-2015 07:17 PM
02-24-2015 02:43 PM
by Steve
4 280
New member
qua ke zik 001
02-23-2015 11:24 AM
02-23-2015 03:40 PM
by Steve
1 238
New Video
Sprinkler Buddy
02-22-2015 09:18 PM
02-23-2015 03:19 PM
by Sprinkler Buddy
2 263
need help with SCAG...
apmAkron
02-23-2015 09:14 AM
02-23-2015 01:57 PM
by apmAkron
3 262
which degrees would be...
BLAZIER-1991
02-20-2015 04:46 PM
02-23-2015 01:47 PM
by Steve
9 423
Trouble logging in
avetslawncare
02-21-2015 02:06 PM
02-23-2015 01:44 PM
by Steve
1 558
John Deere Quik Track...
acrajchel
02-20-2015 03:12 PM
02-23-2015 01:40 PM
by Steve
1 291
Trimming and...
joshlawncare
02-15-2015 02:04 PM
02-22-2015 09:48 PM
by SGL1
5 627
where can i post this
zippy-phil
02-17-2015 07:58 PM
02-20-2015 02:02 PM
by Steve
7 511
These are the days on...
ExtremeLawncareServices
01-11-2015 11:41 AM
02-19-2015 04:43 PM
by ExtremeLawncareServices
29 2,673
Thumbs up or down?
lawnman1959
02-18-2015 11:40 AM
02-19-2015 01:22 PM
by Chilehead
3 426
Am I growing too fast?
Mattcrump
08-04-2011 11:54 PM
02-19-2015 12:34 PM
by Steve
11 5,220
Say Hello !!!
Steve
03-19-2007 12:18 PM
02-19-2015 12:31 PM
by Steve
1,215 372,210
How to obtain more...
winkie61
02-17-2015 08:31 AM
02-19-2015 12:29 PM
by Steve
3 537
Mowing 2 acres
Bradcook21
01-05-2015 03:13 PM
02-19-2015 12:23 PM
by Steve
16 1,483
FREE Custom Website...
breadcrumb
01-31-2015 10:58 PM
02-18-2015 01:32 PM
by Steve
5 1,125
Taking a step back
Billy Goat
02-16-2015 07:37 AM
02-18-2015 01:17 PM
by Chilehead
9 606
Employees
stevej
02-17-2015 05:25 PM
02-18-2015 12:47 PM
by Mr. Mow
1 416
Landscapers from hell!!
Chilehead
01-29-2015 03:55 PM
02-17-2015 07:48 PM
by ExtremeLawncareServices
9 1,032
Cannot access your Itune...
winkie61
02-17-2015 10:00 AM
02-17-2015 03:26 PM
by Steve
1 366
Advertising on internet...
Sprinkler Buddy
02-13-2015 01:22 PM
02-17-2015 01:00 PM
by Steve
9 689
new to this forum
NIP'N'TUK
02-14-2015 07:54 PM
02-16-2015 10:03 PM
by Steve
2 503
Advice on bidding 20...
sleepydunn
02-15-2015 07:38 PM
02-16-2015 09:59 PM
by Steve
4 626
New to me mower
xandrew245x
04-27-2014 08:02 PM
02-16-2015 09:48 PM
by Steve
8 1,408
mower blades
tlf59263
02-09-2015 12:36 PM
02-16-2015 05:16 PM
by Just for Cuts
8 838
» Popular Tags
4wd ad landscaping aerocore apartment bid apartment complex applying auger billy goat brushcutter blades bush deliquentaccounts design ditches employee problems equipment rental estimate ferris flyers foreman four wheel drive free advertising google gopherhaul growing a lawn care business hiring husqvarna introduction jobs john deere quik trac landscape services lawn lawn care lawn care business 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 lawn mowing marketing marketing secrets mr dave mulch per hour service podcast pricing pto push versus ride running a business secrets to landscaping sell the vision seo shell small engine repair square foot starting a lawn care business steep lawns sulky theft toro grand stand trailer tree trimmer rack up sell employee walk behind web design website design winterization
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 10:07 PM.


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

All times are GMT -5. The time now is 10:07 PM.

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