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!

What is the best way to sell my accounts?


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
  #1  
Old 03-18-2008, 07:00 AM
Greenmind Greenmind is offline
Members
 
Join Date: Dec 2007
Posts: 10
Rep Power: 7
Greenmind
Default

I wanted to ask some of you guys what is the best way to sell my accounts. I have only about 20 accounts left to get rid of and I also have some equipment left. I have 8 weekly accounts and 12 Biweekly accounts. These accounts produce about 20K per year. They are not on a yearly contract and I have had most for almost a year now. These also produced about 6K in extra business last year in pinestraw, mulch and landscaping projects. I have them posted on craigslist as of yesterday and already have 7 responses to these accounts already! I also have a 6X12 black ramp gate trailer with wood floors and no rust. Also my trailer has a detached 6 ft. open basket and lock. The mower is a Toro Proline 37 in floating deck with a 14 hp Kohler engine, attached is a new Jungle Jims Two wheel sulkey. I just have over 200 dollars worth of service done at my local shop. I want to sell all these accounts and equipment for 5500 dollars. I figured my mower and trailer are worth 2k and my accounts are worth 3500. I got those numbers based on the monthly income plus the extras that came in last year. What do you guys think? Any experience with this? What is the best method?

My next question is I have not spoken to my customers about this yet. It is a desicion I am reluctant to make. I got a job offer I cannot refused at a time where my wife is pregnant and we have some debt we need to pay. I want to meet with my customers and the LCO and establish a good parternship between the new operator and my customers. My customers all pay on time and have been dependable.

Thanks guys!
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 03-18-2008, 07:18 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,279
Rep Power: 10
Steve has disabled reputation
Default

Lawn care business tipsLawn Care Business Book
Hi Greenmind,

Why not post your ad here as well. Let others know the area you are in so if they are reading it, they can make you an offer as well.

I will also help you get the word out further.

I would suggest make a post in the equipment for sale area and post your ad there.

As far as the transfer, I would think you would need to introduce who ever purchases the accounts from you, to the customers and let them know this new company will take care of them.

What are some of your concerns with 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
  #3  
Old 03-18-2008, 08:48 AM
lawnindustryconsultants.com
Guest
 
Posts: n/a
Default

Were are you from is the first step?
Reply With Quote
  #4  
Old 03-18-2008, 07:28 PM
F3Nelson's Avatar
F3Nelson F3Nelson is offline
Members
 
Join Date: Feb 2008
Location: Shawnee Kansas
Posts: 70
Rep Power: 7
F3Nelson
Default

I bought out a total of 3 LC's when I had my first lawn business.

We agreed on the price, I paid the money, we wrote letters to the customers, took good care of them, and we never had a problem.

Thinking back I probably should have had a no compete with the former owner.

I wish you were in KS, I'd buy them all right now! GL
__________________
My hair is turning white, my necks alwayas been red, my collar is still blue
Reply With Quote
  #5  
Old 03-19-2008, 08:01 PM
Greenmind Greenmind is offline
Members
 
Join Date: Dec 2007
Posts: 10
Rep Power: 7
Greenmind
Default

My main concern is my customers not knowing the new owner of the company, and being upset. Should I talk to them first or just send them a letter. I just want to do it professionally, that's all.
Do I need to personally introduce each customer to the new LCO?
Or is a letter enough. None of my customer have a contract so how does that effect the transfer process?

Thanks
Reply With Quote
  #6  
Old 03-19-2008, 11:42 PM
F3Nelson's Avatar
F3Nelson F3Nelson is offline
Members
 
Join Date: Feb 2008
Location: Shawnee Kansas
Posts: 70
Rep Power: 7
F3Nelson
Default

What you do is up to you. I just told you I bought out 3 lawn companies, and all we did was send a letter to the customers, describing what happened(a new lawn company would be taking care of your yard)


If you want to meet each and everyone of them, then do it.
__________________
My hair is turning white, my necks alwayas been red, my collar is still blue
Reply With Quote
  #7  
Old 03-20-2008, 06:26 AM
Greenmind Greenmind is offline
Members
 
Join Date: Dec 2007
Posts: 10
Rep Power: 7
Greenmind
Default

My main question for you is when you sent the letter, nobody called you and complained about switching service companies?
Reply With Quote
  #8  
Old 03-20-2008, 08:39 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,279
Rep Power: 10
Steve has disabled reputation
Default

Mike,

When you were in this situation, did the customers have an annual lawn care contract or no? What percentage of them stayed on the rest of the year?

Also do you have any advice what you would include in such a letter? Or possible show us an example?
__________________
- 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 03-20-2008, 08:31 PM
F3Nelson's Avatar
F3Nelson F3Nelson is offline
Members
 
Join Date: Feb 2008
Location: Shawnee Kansas
Posts: 70
Rep Power: 7
F3Nelson
Default

Quote:
Originally Posted by [b
Quote[/b] (Greenmind @ Mar. 20 2008,6:26)]My main question for you is when you sent the letter, nobody called you and complained about switching service companies?
No,

I didnt get any complaints most customers just want someone dependable, honest, and hard working.

Im curious how you are ariving at your "buyout" price?

Have you checked some of his accounts to make sure they are priced in accordance with what you would charge?

One of the lawn companies I bought out was considerably higher in pricing than mine, so I ended up raising all my original customers up to that standard.


Id sure get a no compete with him. I got very lucky never had one, never needed one, but its a good idea.

Just use some Due Dilligence and you should be fine, let me know how it goes
__________________
My hair is turning white, my necks alwayas been red, my collar is still blue
Reply With Quote
  #10  
Old 03-20-2008, 08:37 PM
F3Nelson's Avatar
F3Nelson F3Nelson is offline
Members
 
Join Date: Feb 2008
Location: Shawnee Kansas
Posts: 70
Rep Power: 7
F3Nelson
Default

Quote:
Originally Posted by [b
Quote[/b] (Team Gopher @ Mar. 20 2008,8:39)]Mike,

When you were in this situation, did the customers have an annual lawn care contract or no? What percentage of them stayed on the rest of the year?

Also do you have any advice what you would include in such a letter? Or possible show us an example?
No, none of the customers were on contracts at that time residential contracts were not very common. Just makes you work a "little" harder with the new ones you bought. I did lose a few here and there, but I only paid 2.5 times the mowing price, and usually got at least 3 mows before they quit me.


That was over 10/15 years ago, I dont have any examples, but you youngsters have something I didnt. An internet FULL of info, I bet if you googled buyout or no compete forms, you could find one or two!

God bless the internet
__________________
My hair is turning white, my necks alwayas been red, my collar is still blue
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

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
2014 Gie-expo
ExtremeLawncareServices
Today 11:22 PM
Today 11:22 PM
by ExtremeLawncareServices
0 1
Fuel Can Spouts
Shark1611
08-16-2014 09:09 AM
Today 07:52 PM
by SGL1
8 173
New Landscaping Business
rekon32
08-16-2014 02:26 PM
Today 07:05 PM
by rekon32
6 222
Downed Tree Chop Bid
WesleySnips
08-16-2014 03:47 PM
Today 01:10 PM
by Steve
7 195
60 inch honda/bunton...
pblawncare
08-17-2014 11:30 AM
Yesterday 03:19 PM
by Steve
2 81
Replacement Parts -...
nicholas-KC
08-16-2014 08:40 AM
Yesterday 03:16 PM
by Steve
4 130
Preparing the soil
Billy Goat
08-16-2014 06:18 PM
Yesterday 03:01 PM
by Steve
1 80
Softball field
kslawn
08-15-2014 09:28 AM
Yesterday 02:52 PM
by Steve
7 187
What to pay help
phlawncare
08-04-2014 08:33 PM
Yesterday 10:33 AM
by jrs.landscaping
29 806
Hello
Jeff1
08-07-2014 11:18 PM
08-15-2014 11:53 PM
by Jeff1
11 356
Lie #2 RESIDENTIAL...
ExtremeLawncareServices
01-06-2014 05:02 AM
08-15-2014 01:46 PM
by mattthelawnguy
54 6,261
Need help 30 HP koler...
Shady Grady
08-01-2014 03:31 PM
08-15-2014 08:46 AM
by kslawn
18 543
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
08-15-2014 01:19 AM
by ExtremeLawncareServices
99 5,858
New Boomless Sprayer!
BlackRain75
01-03-2014 01:01 PM
08-14-2014 02:37 AM
by BlackRain75
12 1,712
Stihl engine isn't...
Marcintosh
08-12-2014 08:30 PM
08-13-2014 03:34 PM
by Steve
3 139
first year update
cmdlawncare
08-12-2014 05:41 PM
08-13-2014 03:29 PM
by Steve
1 172
Hello from Jacksonville,...
JM Lawn Care
08-10-2014 07:15 AM
08-13-2014 07:04 AM
by Sprinkler Buddy
9 268
Hello everyone new to...
maddyandrays
08-11-2014 04:51 PM
08-12-2014 08:58 PM
by Shark1611
2 134
Walk behinds
hpruitcei
08-07-2014 06:28 PM
08-12-2014 02:35 PM
by mattthelawnguy
7 367
New name help
stevef1201
08-10-2014 04:27 PM
08-12-2014 12:03 PM
by Steve
6 247
my little green dilemmas
Lawn Techie
08-03-2014 11:47 AM
08-11-2014 01:20 PM
by Steve
7 366
what the best...
CleanCutsLLC
08-02-2014 01:02 AM
08-11-2014 01:16 PM
by Steve
6 378
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
08-11-2014 01:19 AM
by ExtremeLawncareServices
13 641
Covering all the bases
janslawncare
08-08-2014 10:11 AM
08-08-2014 01:41 PM
by Steve
1 200
New from Florida
ADE
08-06-2014 08:40 PM
08-08-2014 01:32 PM
by Steve
4 274
JOB - Landscape Install...
janslawncare
08-08-2014 10:06 AM
08-08-2014 10:06 AM
by janslawncare
0 177
Battery power tools or...
Steve
08-07-2014 12:24 PM
08-07-2014 05:18 PM
by mattthelawnguy
2 185
My client just told me...
Greg'slawnandlandscape
08-04-2014 08:39 AM
08-06-2014 11:14 PM
by grassdoctore
12 502
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
08-06-2014 02:03 PM
by Steve
13 1,107
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
08-06-2014 01:40 PM
by Steve
20 1,311
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
08-06-2014 10:29 AM
by eastsidelandcare
5 559
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
08-05-2014 07:12 PM
by TheBeast
30 1,896
Late charge
Simon Abousaada
07-30-2014 07:23 PM
08-05-2014 06:46 PM
by TheBeast
12 756
buy out a lawn care...
rvezakis
08-05-2014 01:38 PM
08-05-2014 06:40 PM
by TheBeast
10 442
Please help
unitedlawncare48867
03-26-2014 08:29 PM
08-05-2014 05:27 PM
by TheBeast
27 1,546
Help with Estimate
donslawns
08-02-2014 09:10 AM
08-05-2014 02:24 PM
by Steve
6 414
Stuck again!!!!
Greg'slawnandlandscape
08-01-2014 11:02 PM
08-05-2014 09:05 AM
by Greg'slawnandlandscape
10 430
Mow and leaf cleanup bid
SGL1
07-29-2014 07:28 PM
08-05-2014 07:22 AM
by petscanning
25 907
Building credit
Matther777
07-27-2014 05:20 PM
08-04-2014 06:53 PM
by kslawn
17 701
Lowballers scrubs &...
Darksteel
01-13-2014 07:35 AM
08-04-2014 01:09 PM
by Steve
48 5,736
long time no see
Tuscan Gardens
08-02-2014 03:21 PM
08-04-2014 12:04 PM
by Steve
1 256
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
08-04-2014 11:58 AM
by Steve
2 283
trimming back shrubs
WesleySnips
07-31-2014 06:14 AM
08-04-2014 11:52 AM
by Steve
6 390
Pressure Washing...
WesleySnips
07-31-2014 06:13 PM
08-04-2014 11:50 AM
by Steve
3 321
Grass hopper mower
ExtremeLawncareServices
12-05-2013 08:51 AM
08-02-2014 07:55 AM
by ExtremeLawncareServices
24 3,469
Easy money
stevef1201
11-14-2013 10:17 AM
08-02-2014 01:03 AM
by stevef1201
3 1,484
Say Hello !!!
Steve
03-19-2007 11:18 AM
08-01-2014 11:42 PM
by TNTurf
1,186 327,938
Echo Edger 'Neutral'
WesleySnips
07-25-2014 05:28 PM
08-01-2014 01:50 PM
by stevef1201
7 512
Buy a good company at a...
Steve
03-12-2011 06:38 AM
08-01-2014 01:44 PM
by Steve
2 1,918
Employee wont return...
Prolawnofchatt
06-13-2014 03:12 PM
07-31-2014 09:59 PM
by WesleySnips
5 792
» Popular Tags
4x4 apartment bid apartment lawn care estimate birdscaping care charge collections subcontractor commercial craigslist credit card processing customers ecosymbiosis escrow exmark ferris four wheel drive gopherhaul grass gravely gravely 34" zero turn holiday honda how much to charge how to bid husqvarna hydraulic kawasaki labor cost 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 website lawn service leaf cleanup leaf removal managing a lawn care business marketing mulch estimate native plants new buisness online classifieds outdoor environments podcast push versus ride redmax rotating scag scag v-ride search engine optimization season seo small engine repair sprayer starting a business steve stihl tips toro tractor auger trailer mate pro turfgrass consulting upsell walker winter money making ideas wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 11:33 PM.


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

All times are GMT -5. The time now is 11:33 PM.

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