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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,511
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
hey everyone
robert8509
Today 08:16 PM
Today 08:16 PM
by robert8509
0 1
Leaf Box & Loader Set...
ringahding1
Yesterday 06:20 AM
Today 06:51 PM
by Matther777
4 163
Pda
stevef1201
10-18-2014 02:05 PM
Today 04:49 PM
by WesleySnips
3 266
Workmans compensation...
CDLAWNCARE
10-15-2014 08:05 AM
Today 01:47 PM
by The Hunter
3 421
Dealing With Gas Can...
Mr. Mow
Yesterday 01:41 PM
Today 01:39 PM
by Steve
5 170
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
Today 01:33 PM
by Steve
9 731
Hello, from TEXAS
sanchez5
10-17-2014 09:56 PM
Today 01:27 PM
by Steve
6 357
Organic Lawn Care...
NHray
10-17-2014 06:05 PM
Today 01:23 PM
by Steve
3 328
Hi Steve From West...
Mr. Mow
Yesterday 01:59 PM
Today 01:19 PM
by Steve
1 105
Cheapskate Landlord...
Mr. Mow
10-20-2014 06:33 AM
Today 01:17 PM
by Steve
9 269
Help a brother...
tbtigers03
09-28-2014 11:41 AM
Today 08:51 AM
by ringahding1
12 1,466
first year update
cmdlawncare
08-12-2014 05:41 PM
Today 07:47 AM
by ringahding1
4 1,290
What parts do you carry...
Just for Cuts
10-17-2014 09:08 AM
Yesterday 01:36 PM
by Mr. Mow
16 614
Jungle to Beautiful
stevef1201
10-17-2014 09:54 AM
Yesterday 01:26 PM
by stevef1201
11 462
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Yesterday 01:19 PM
by ExtremeLawncareServices
158 11,314
Sunny Beach Tennis...
SGL1
10-19-2014 11:24 PM
Yesterday 01:04 PM
by SGL1
4 224
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
10-20-2014 08:34 PM
by biglee
10 1,771
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
10-20-2014 05:42 PM
by SGL1
7 1,278
how to fi d commercial...
mchampion319
10-19-2014 09:50 PM
10-20-2014 04:41 PM
by Steve
1 189
Hello From Tennessee
mrmann901
10-17-2014 10:02 PM
10-20-2014 04:24 PM
by Steve
1 260
questions on order to...
jack2048
10-13-2014 11:15 AM
10-20-2014 03:27 PM
by Mr. Mow
15 705
This sucks...
Matther777
09-18-2014 04:56 PM
10-20-2014 02:14 PM
by Steve
14 2,151
Cement mixer
KevinsLawns
10-15-2014 08:03 PM
10-20-2014 02:11 PM
by Steve
7 441
Hello ! New guy Rob here
RWorthley1
10-17-2014 04:05 PM
10-20-2014 02:09 PM
by Steve
1 279
Snow Blowing
gwilson98
10-12-2014 02:21 PM
10-17-2014 02:51 PM
by Steve
6 626
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
10-17-2014 07:49 AM
by SGL1
6 926
Grasswhoopins.com Anyone...
GRASS WHOOPINS
06-21-2011 11:38 PM
10-16-2014 01:30 PM
by ExtremeLawncareServices
42 9,281
I Want to buy old...
ExtremeLawncareServices
10-10-2014 10:04 PM
10-15-2014 09:12 PM
by ExtremeLawncareServices
6 658
Say Hello !!!
Steve
03-19-2007 11:18 AM
10-15-2014 06:43 PM
by NHray
1,190 340,039
Do you find weed eating...
chuck2s
10-15-2014 02:10 PM
10-15-2014 02:10 PM
by chuck2s
0 373
Incorporating &...
WesleySnips
10-01-2014 09:39 PM
10-15-2014 01:37 PM
by kslawn
20 1,467
Falling into business
stellarmowing
09-28-2014 04:35 PM
10-15-2014 05:57 AM
by ringahding1
8 1,486
Apartment Complex and...
lxarth
06-22-2011 01:10 PM
10-14-2014 06:25 PM
by jrs.landscaping
42 9,568
I LOVE hedge trimming
stevef1201
10-13-2014 09:05 AM
10-14-2014 01:06 PM
by Steve
5 511
Help with seeder...
ExtremeLawncareServices
10-09-2014 07:39 AM
10-13-2014 08:09 PM
by ExtremeLawncareServices
5 672
The Market watch
WesleySnips
10-12-2014 08:47 PM
10-13-2014 05:40 PM
by SGL1
3 507
Help pricing a large...
Bradcook21
10-07-2014 06:49 AM
10-13-2014 02:00 PM
by Steve
7 860
leaf removal
Double J LLC
10-03-2014 04:24 PM
10-13-2014 06:46 AM
by Billy Goat
19 1,491
Acerage Rake
acrajchel
04-23-2014 07:23 PM
10-12-2014 10:53 PM
by SGL1
2 820
John Deere z235 Deck
WesleySnips
09-29-2014 06:02 PM
10-12-2014 06:20 PM
by kslawn
25 1,633
Credit card contract
SGL1
10-06-2014 05:31 PM
10-12-2014 03:40 PM
by SGL1
18 1,048
Truck craft dump bed...
ExtremeLawncareServices
10-04-2014 08:41 PM
10-10-2014 11:35 AM
by Steve
7 953
First Time River Rock...
berryjam
10-09-2014 06:09 PM
10-10-2014 11:08 AM
by Steve
2 596
West cost lawn prices
SGlawncare
10-09-2014 09:51 PM
10-10-2014 11:03 AM
by Steve
1 584
Question?what should I...
dalvan0
09-24-2014 11:10 PM
10-09-2014 05:58 PM
by kslawn
28 2,119
Mowing the hills
EyeCatchersNow
07-08-2014 12:22 PM
10-09-2014 04:19 PM
by Just for Cuts
25 2,994
snowplowing
jshak40
09-01-2014 07:20 AM
10-09-2014 02:21 PM
by Steve
25 3,631
Changing Scag Freedom Z...
maggiedavidson
10-06-2014 12:24 PM
10-08-2014 06:34 PM
by ExtremeLawncareServices
7 836
The most dangerous part...
Steve
10-06-2014 02:45 PM
10-07-2014 04:18 PM
by ExtremeLawncareServices
3 815
Good Mower
jack2048
10-04-2014 05:34 PM
10-07-2014 01:05 PM
by Steve
7 896
» Popular Tags
2wd 4x4 aerocore apartment bid apartment lawn care estimate applying billy goat brushcutter bush charge christmas deliquentaccounts exmark ferris foreman georgia gopherhaul grass gravely hills holiday how much to charge how to how to bid hydraulic labor cost landscape services lawn lawn care lawn care busines plan lawn care business book 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 lighting lighting brass outdoor lights managing a lawn care business marketing mechanic mowing mulch mulch estimate new buisness new business ordinance podcast property management company push versus ride savannah scag scag v-ride scripts seo snow plowing starting a business starting a lawn care business stihl sulky theft toro tractor auger trailer mate pro tree walk behind walker wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 08:20 PM.


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

All times are GMT -5. The time now is 08:20 PM.

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