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: 36,395
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: 36,395
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 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
30 Inch Push Mowers Pros...
Billy Goat
06-27-2013 08:07 PM
Today 09:41 PM
by SGL1
24 6,371
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Today 08:12 PM
by ExtremeLawncareServices
122 8,505
This sucks...
Matther777
09-18-2014 04:56 PM
Today 08:02 PM
by ExtremeLawncareServices
11 548
Trying something new,...
ExtremeLawncareServices
Yesterday 09:07 PM
Today 07:35 PM
by ExtremeLawncareServices
3 165
Hello from CNY
arazucontracting
Today 06:07 PM
Today 06:07 PM
by arazucontracting
0 35
Kohler command carb...
ExtremeLawncareServices
Yesterday 03:09 PM
Today 04:52 PM
by Steve
4 196
Not sure, but anyone do...
SnowRemoval2k14
Today 12:10 AM
Today 04:49 PM
by Steve
1 142
Tribulations of working...
stevef1201
09-13-2014 08:37 AM
Today 04:45 PM
by Steve
9 608
Mulching beds
Bradcook21
Yesterday 07:43 AM
Today 04:43 PM
by Steve
3 222
Replacing a Shindi T-27
Dan Tanner
09-13-2014 12:59 PM
Today 04:36 PM
by Steve
3 613
Scag turf tiger hydrolic...
ExtremeLawncareServices
09-04-2014 10:55 PM
Today 04:35 PM
by Steve
12 974
2014 Gie-expo
ExtremeLawncareServices
08-19-2014 11:22 PM
Yesterday 09:23 PM
by ExtremeLawncareServices
3 946
Mowing 7 acres
avetslawncare
08-31-2014 04:24 PM
09-19-2014 03:29 PM
by acrajchel
6 1,158
snowplowing
jshak40
09-01-2014 07:20 AM
09-19-2014 11:49 AM
by Steve
23 1,542
Looking for feed back on...
ExtremeLawncareServices
09-17-2014 08:38 AM
09-19-2014 08:17 AM
by ExtremeLawncareServices
9 553
Lowballers scrubs &...
Darksteel
01-13-2014 07:35 AM
09-18-2014 06:32 PM
by Northwoods Outdoors
58 6,947
Hello from upstate NY!
A&MLawn&Snow
09-18-2014 11:19 AM
09-18-2014 04:10 PM
by Sprinkler Buddy
2 405
Price to apply fertilizer
SS.Lawncare
09-15-2014 11:10 AM
09-18-2014 01:16 PM
by Steve
9 661
Trailer tires
J.A.S.LawnService
09-01-2014 10:17 AM
09-17-2014 09:57 PM
by curts lawn care
4 1,056
new to the forum
SGlawncare
09-16-2014 11:20 PM
09-17-2014 08:29 PM
by curts lawn care
3 479
Help With Snow Blowing...
Robertf31
09-13-2014 10:55 PM
09-17-2014 12:34 PM
by Steve
11 818
Non-Stop Summer?
SouthallMowing
09-14-2014 10:51 PM
09-17-2014 10:48 AM
by stevef1201
6 605
Poll - net income
Dan5082
11-15-2010 08:08 PM
09-16-2014 04:44 PM
by jrs.landscaping
12 3,340
Getting lowballed!
PineHillLawn
06-27-2012 07:23 AM
09-16-2014 01:25 PM
by jrs.landscaping
24 5,046
Compare this summer to...
Steve
09-03-2014 12:52 PM
09-16-2014 11:20 AM
by Hanks Lawn Care Services
15 1,253
thinking about throwing...
veteranslawncaresystems
09-09-2014 10:31 PM
09-15-2014 03:41 PM
by Steve
12 927
Hello
Robertf31
09-12-2014 10:34 PM
09-15-2014 03:17 PM
by Steve
2 513
Newbie......Again
Jibber
09-13-2014 12:17 PM
09-15-2014 02:54 PM
by Sprinkler Buddy
2 619
need help with starter...
GoGreenerKS
09-12-2014 04:23 PM
09-15-2014 02:25 PM
by Steve
3 534
Brake job!
kslawn
08-30-2014 07:49 AM
09-15-2014 02:16 PM
by Steve
12 1,257
Hello
jawnebgoode
08-28-2014 08:37 PM
09-15-2014 02:15 PM
by Steve
3 1,023
Employee uniforms
Gerardo_Landscape
01-21-2014 11:11 PM
09-15-2014 02:12 PM
by Steve
5 1,138
Greetings from the north
Northwoods Outdoors
09-13-2014 08:55 AM
09-15-2014 02:07 PM
by Steve
1 505
darleneh
darleneh
09-15-2014 12:33 PM
09-15-2014 02:07 PM
by Sprinkler Buddy
1 520
My 1st bid
WesleySnips
06-11-2014 03:13 PM
09-15-2014 02:05 PM
by Steve
29 1,932
New Aerator
Chaz
09-09-2014 11:43 PM
09-15-2014 01:50 PM
by Steve
9 763
Yearly contract Pricing
jrob0691
08-21-2014 08:57 AM
09-15-2014 01:23 PM
by stevef1201
8 1,425
getting ready to start
calebmoss
05-23-2011 09:35 PM
09-11-2014 12:21 PM
by Steve
34 11,417
Stihl pull cord replace
SGL1
09-03-2014 09:22 PM
09-10-2014 12:25 PM
by Steve
9 934
Softball field
kslawn
08-15-2014 09:28 AM
09-10-2014 12:16 PM
by Steve
18 1,698
Lawn Route Templates
Landscaper1165
08-30-2014 01:52 PM
09-09-2014 08:05 PM
by Landscaper1165
4 1,187
New truck and trailer...
Johnny Rocket
05-14-2012 03:41 PM
09-09-2014 07:23 PM
by Matther777
18 6,753
What gets you bad press?
Steve
09-09-2014 11:48 AM
09-09-2014 07:21 PM
by Matther777
2 630
Signs on your snow plow?
Steve
01-15-2007 01:07 AM
09-09-2014 11:42 AM
by Steve
19 6,377
Exmark Lazer Z S-Series...
BLC7
08-22-2014 10:18 AM
09-08-2014 08:08 PM
by avetslawncare
12 1,470
New to the business
flamingyouth87
09-05-2014 11:52 AM
09-08-2014 11:55 AM
by Steve
3 848
Hello from Ohio
kurtwin
08-28-2014 05:06 PM
09-08-2014 11:51 AM
by Steve
7 1,149
Facebook
element009
03-23-2011 08:36 AM
09-07-2014 07:35 AM
by avetslawncare
24 7,917
Help pricing cut down 7...
Bradcook21
08-26-2014 11:17 PM
09-06-2014 02:09 PM
by Bradcook21
8 1,237
billing matters
sbuchanan8154
09-05-2014 09:56 AM
09-05-2014 03:00 PM
by Steve
3 822
» Popular Tags
apartment complex article marketing auger bid blades charge christmas lighting collections credit card processing customers decorating ditches employee problems exmark ferris first truck fundraiser georgia gopherhaul grass gravely growing a lawn care business holiday lighting how much to charge how to bid husqvarna john deere quik trac kawasaki landscape services lawn lawn care 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 leaf leaf removal lighting brass outdoor lights marketing mulch estimate new buisness past due podcast promotion pto redmax running a business savannah scag seo small engine repair snow sprayer starting a business start up lawn care business steep lawns stihl sulky theft of services top dresser toro toro grand stand trailer trimmer rack turfgrass consulting walker
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 11:05 PM.


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

All times are GMT -5. The time now is 11:05 PM.

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