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: 36,850
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: 36,850
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: 36,850
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: 36,850
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
adding something new...
veteranslawncaresystems
01-28-2015 12:13 AM
Today 01:08 PM
by Dan Tanner
7 257
Landscapers from hell!!
Chilehead
01-29-2015 03:55 PM
Today 12:01 PM
by jrs.landscaping
7 231
Just Quit?
ringahding1
01-30-2015 06:23 AM
Today 10:42 AM
by ringahding1
10 263
FREE Custom Website...
breadcrumb
Yesterday 10:58 PM
Yesterday 10:58 PM
by breadcrumb
0 36
FREE Custom Website...
breadcrumb
Yesterday 10:55 PM
Yesterday 10:55 PM
by breadcrumb
0 27
Greetings from above! (...
Hard-Body lawn & garden
Yesterday 05:29 PM
Yesterday 05:29 PM
by Hard-Body lawn & garden
0 39
Fencing help
Knaubone
Yesterday 02:36 PM
Yesterday 02:36 PM
by Knaubone
0 40
French gardener owner's...
didgreen
01-30-2015 09:10 AM
Yesterday 02:25 AM
by didgreen
3 127
Thanks for all the posts
WheatGrass
01-30-2015 06:38 AM
Yesterday 01:29 AM
by WheatGrass
2 122
hows it going.
uppercut
01-30-2015 05:01 AM
01-30-2015 11:16 PM
by uppercut
3 125
viking cyclon.
uppercut
01-29-2015 09:12 PM
01-30-2015 11:11 PM
by uppercut
2 110
These are the days on...
ExtremeLawncareServices
01-11-2015 11:41 AM
01-30-2015 10:26 PM
by ExtremeLawncareServices
15 953
Crunch time 2015!
Chilehead
01-29-2015 08:57 PM
01-30-2015 07:51 PM
by Chilehead
2 133
Government contracts
avetslawncare
11-15-2014 08:50 AM
01-30-2015 07:46 PM
by Chilehead
11 944
Lost my @#$ blower
stevef1201
01-11-2015 08:31 AM
01-30-2015 04:47 PM
by Just for Cuts
3 513
whats this briggs?
uppercut
01-30-2015 12:40 AM
01-30-2015 02:49 PM
by Steve
1 94
Say Hello !!!
Steve
03-19-2007 12:18 PM
01-30-2015 02:36 PM
by Hard-Body lawn & garden
1,202 364,207
Lawn Mowing -...
ringahding1
01-30-2015 07:05 AM
01-30-2015 07:05 AM
by ringahding1
0 72
TaskEasy & Plowz & Mowz...
jrwalker333
01-25-2015 01:02 PM
01-29-2015 08:14 PM
by lxarth
8 320
Contact last years...
googus
01-28-2015 09:13 AM
01-29-2015 02:29 PM
by Steve
6 293
Looking for advice on...
berryjam
01-21-2015 07:37 PM
01-29-2015 02:21 PM
by Steve
15 550
New to the forum
LCRobert
01-26-2015 10:21 PM
01-29-2015 09:11 AM
by ringahding1
7 260
What happened to Better...
Steve
01-27-2014 04:07 PM
01-28-2015 12:26 PM
by Steve
21 3,269
Lawn care truck
Steve
10-10-2009 03:40 AM
01-28-2015 12:23 PM
by Steve
44 16,161
Bidding to get other work
Rodriguez11
07-21-2011 11:52 PM
01-28-2015 12:08 PM
by Steve
29 9,532
How many contracts...
5StarLawnscaping
01-12-2015 03:51 PM
01-28-2015 11:04 AM
by ExtremeLawncareServices
10 668
"Part Timers", "Low...
doug1980
06-10-2009 12:55 PM
01-27-2015 09:01 PM
by jrs.landscaping
43 10,454
Is anyone doing mosquito...
BWild
01-27-2015 12:30 PM
01-27-2015 07:24 PM
by avetslawncare
4 202
New to group
ron@alpine
01-27-2015 08:45 AM
01-27-2015 01:29 PM
by Steve
1 167
please Help with none...
Lawnboyman1170
01-09-2015 09:46 AM
01-27-2015 01:27 PM
by Steve
13 890
does this sound good or...
Bradcook21
01-22-2015 09:24 AM
01-27-2015 07:42 AM
by ringahding1
9 404
second year advise
cmdlawncare
01-23-2015 06:22 PM
01-27-2015 07:31 AM
by ringahding1
6 333
need advise
rawssrob
02-23-2010 02:45 PM
01-23-2015 06:40 PM
by cmdlawncare
7 2,683
New to forum
ROB N
01-23-2015 08:35 AM
01-23-2015 01:53 PM
by Steve
1 223
Extending the life of...
rmccutchan
01-17-2015 12:37 AM
01-23-2015 01:43 PM
by Steve
8 467
osceola lawn service
jasa@wildblue.net
01-22-2015 03:23 PM
01-23-2015 01:38 PM
by Steve
1 237
Tax Question
Wolf4dk
01-20-2015 01:11 AM
01-22-2015 02:28 PM
by Steve
4 372
Billy Goat Vac
Mr. Mow
01-19-2015 07:42 AM
01-22-2015 02:18 PM
by Steve
6 357
Property Pricing
GVL
01-19-2015 02:46 PM
01-21-2015 02:18 PM
by Steve
5 421
Landscapers Source For...
breadcrumb
01-16-2015 02:44 PM
01-21-2015 05:55 AM
by breadcrumb
14 592
Hoa advice
Bradcook21
01-16-2015 09:36 PM
01-20-2015 04:30 PM
by Steve
4 404
My Invention
biglee
01-11-2015 07:51 PM
01-20-2015 10:16 AM
by biglee
16 748
How to beat the pre pay...
stansg1fresh
01-13-2015 04:33 PM
01-19-2015 03:38 PM
by ringahding1
3 482
Hello from Md
homey
12-17-2014 06:55 PM
01-19-2015 01:37 PM
by Steve
12 1,302
Hi from Illinois
burtle
01-02-2015 09:46 PM
01-19-2015 01:22 PM
by Steve
3 647
Hello from SW FL!!
5StarLawnscaping
12-05-2014 02:35 PM
01-19-2015 01:20 PM
by Steve
14 1,604
Another Illinoisan.....
barhopper
01-11-2015 05:38 PM
01-16-2015 04:29 PM
by Steve
10 562
marketing with pizza...
apmAkron
01-15-2015 09:57 AM
01-15-2015 06:29 PM
by Steve
4 384
CRM and Quickbooks?
5StarLawnscaping
01-15-2015 08:06 AM
01-15-2015 08:06 AM
by 5StarLawnscaping
0 300
New Member, Indiana Iraq...
Timbo
07-14-2011 09:44 AM
01-14-2015 06:14 PM
by Steve
10 3,890
» Popular Tags
4wd aerocore apartment complex auger bark billy goat brushcutter blades bob villa collections design edging employee problems equipment rental ferris first truck flyers foreman gopherhaul grass growing a lawn care business hardscapes hills hiring husqvarna introduction john deere quik trac landscape landscape services lawn care lawn care business 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 lawn mowing marketing mr dave mulch past due per hour charge podcast pricing profit on employee pto push versus ride reo running a business scripts seo shell small engine repair square foot steep lawns steve sulky theft toro grand stand trailer tree trimmer rack truck new used landscape up sell employee walk behind web design website design won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 05:13 PM.


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

All times are GMT -5. The time now is 05:13 PM.

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