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: 3
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
Senior Member
 
Join Date: Nov 2010
Location: The Duck Pond
Posts: 844
Rep Power: 4
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???
__________________
Ducke's lawn Care and Introducing Duck's Seasonal Decor.
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: 3
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,207
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: 6
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,207
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: 3
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 Outdoor Power Equipment Discussion, Repairs, Buy or Sell 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 Outdoor Power Equipment Discussion, Repairs, Buy or Sell 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
Mow and leave cleanup bid
SGL1
Today 07:28 PM
Today 07:28 PM
by SGL1
0 1
Need input on a bid
phlawncare
Yesterday 08:51 PM
Today 06:25 PM
by phlawncare
2 70
Will summer ever come
ExtremeLawncareServices
Today 08:27 AM
Today 05:20 PM
by Sprinkler Buddy
4 55
Building credit
Matther777
07-27-2014 05:20 PM
Today 05:18 PM
by Matther777
8 145
Single tree, mow customer
WesleySnips
06-27-2014 10:12 AM
Today 04:23 PM
by stevef1201
16 658
Formulas Used
BaileynSamsMum
Today 06:40 AM
Today 02:52 PM
by BaileynSamsMum
2 53
From Concord NC
SouthernRootsLawnCare
07-26-2014 02:34 PM
Today 02:28 PM
by Steve
3 77
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
Today 02:28 PM
by Steve
4 138
Echo Edger 'Neutral'
WesleySnips
07-25-2014 05:28 PM
Today 02:25 PM
by Steve
4 129
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
Today 02:11 PM
by Steve
4 110
New from Texas
Livingston Lawn Care
07-25-2014 11:17 AM
Yesterday 01:29 PM
by Steve
3 138
Left handed edging with...
SGL1
07-23-2014 08:59 PM
Yesterday 07:39 AM
by SGL1
15 335
Echo PE 266 edger
stevef1201
07-01-2014 01:28 PM
07-27-2014 10:14 PM
by WesleySnips
5 346
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
07-27-2014 01:21 PM
by ExtremeLawncareServices
80 4,665
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
07-27-2014 08:16 AM
by Just for Cuts
7 193
need some help geting...
dalvan0
07-13-2014 09:28 PM
07-26-2014 04:39 PM
by BLC7
7 334
new trailer help
mattthelawnguy
07-11-2014 08:21 PM
07-25-2014 06:31 PM
by mattthelawnguy
13 511
You know it;s gonna be a...
stevef1201
07-25-2014 08:50 AM
07-25-2014 01:34 PM
by Steve
1 100
Customer letters
kslawn
07-23-2014 06:17 AM
07-25-2014 01:20 PM
by Steve
5 217
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
07-24-2014 07:09 PM
by SGL1
29 1,290
Need help determining...
Jbss861
07-20-2014 02:33 PM
07-24-2014 01:11 PM
by Steve
13 400
Should I ?
googus
07-22-2014 04:06 PM
07-24-2014 12:10 PM
by Steve
4 231
My First Apartment...
SSLCtn
05-26-2014 10:17 PM
07-24-2014 06:46 AM
by kslawn
15 926
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
07-24-2014 06:38 AM
by kslawn
3 228
Selling lawns like...
eastsidelandcare
07-17-2014 03:51 PM
07-24-2014 06:28 AM
by kslawn
3 280
Scag new "Eliminator"......
ExtremeLawncareServices
07-20-2014 10:45 AM
07-23-2014 05:37 PM
by Just for Cuts
9 324
need professional advice...
Fiddlers_green
07-20-2014 07:21 PM
07-23-2014 12:42 PM
by Steve
3 223
new to me box truck
jrayb39667
03-06-2014 10:20 PM
07-23-2014 12:40 PM
by Steve
15 1,438
Lawn Service back in...
LawnCareMan280
07-18-2014 09:00 PM
07-23-2014 11:48 AM
by Steve
4 256
Overspray?
stevef1201
07-21-2014 04:20 PM
07-23-2014 11:39 AM
by Steve
3 166
Hello Everyone! Newbie...
SLKlawn
07-17-2014 06:22 PM
07-22-2014 01:53 PM
by Steve
6 301
Proper height for lawn
rob lederhilger
05-26-2014 08:01 AM
07-21-2014 02:53 PM
by LawnDoctor
9 680
Blade sharpener
Just for Cuts
07-04-2014 12:31 PM
07-21-2014 01:48 PM
by Steve
9 534
What's my business worth?
Chaz
07-16-2014 01:35 PM
07-21-2014 01:45 PM
by Steve
4 315
1.5 Acre Jungle
WesleySnips
07-15-2014 05:57 PM
07-20-2014 11:31 AM
by ExtremeLawncareServices
21 646
Gopher schedule software
Ray
07-18-2014 04:13 PM
07-18-2014 04:13 PM
by Ray
0 208
2006 Chevy fuel pump...
KevinsLawns
07-17-2014 08:39 PM
07-18-2014 11:51 AM
by Steve
1 197
Halfway point of year!
Steve
07-01-2014 12:08 PM
07-18-2014 11:38 AM
by Steve
14 763
I got told to leave and...
gwilson98
06-16-2014 02:07 PM
07-17-2014 11:43 AM
by Steve
16 1,082
Hey guys this is the...
prmenter@gmail.com
07-07-2014 08:23 PM
07-16-2014 08:10 PM
by ExtremeLawncareServices
28 808
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
07-16-2014 05:00 PM
by Just for Cuts
18 734
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-15-2014 05:38 PM
by icon2000
1,184 320,900
Classified Ad Template...
bcfb
06-05-2013 02:40 AM
07-15-2014 11:16 AM
by Steve
15 3,759
Husqvarna pz 60
CDLAWNCARE
07-06-2014 06:50 PM
07-15-2014 08:53 AM
by kslawn
10 478
Lowballers
Chaz
07-11-2014 03:55 PM
07-14-2014 12:27 PM
by Steve
5 388
My new side job
Sprinkler Buddy
05-10-2014 05:23 AM
07-14-2014 12:15 PM
by Steve
10 849
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
07-13-2014 10:36 PM
by GoGreenerKS
10 585
New Mower and Trailer
Chaz
06-25-2014 12:04 PM
07-13-2014 06:25 PM
by SGL1
7 598
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
07-12-2014 07:36 PM
by SGL1
21 1,934
Fuel and fuel additives
SGL1
07-06-2014 10:23 AM
07-11-2014 07:53 PM
by SGL1
15 590
» Popular Tags
4wd advertisement article marketing bid charge christmas lighting christmas light service courtesy call credit card processing customers decorating escrow estimate exmark ferris fundraiser gopherhaul grass gravely gravely 34" zero turn hills holiday holiday decorating holiday lighting honda how much to charge introduction kawasaki lawn lawn care business lawn care business book lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website leaf leaf removal lighting managing a lawn care business marketing native plants new buisness new mower office management online classifieds outdoor environments payment podcast push versus ride redmax reo scag scripts search engine optimization seo snow sprayer starting a business starting a lawn care business steve stihl subcontractor theft toro tractor auger turfgrass consulting walker wright stander rh zero turn
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:54 PM.


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

All times are GMT -5. The time now is 07:54 PM.

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