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#3
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I sold everything the first time around because I was offered an opportunity to run Operations (desk/office job for a small company), it was local, I had a flexible work schedule and I was just too tired....physically. My child was getting older and I didn't need to be so close to home all the time...Mr. Mom who ran his own business! I was also able to continue to coach soccer part-time which is also a passion. Why am I going back? A lot of my old customers inquired as to what I'm doing....the guy who purchased the business lost most of the accounts...I'm now unemployed....and as I said in my original post....I'll learn from past mistakes. I enjoy being my own boss, good at it, and truly enjoy caring for a persons most prized asset....their home. Advice for others....be very careful who you sell your business to. I tried to do it right....I knew the owner and his sons....I explainred everything to them and let the customers know in writing and face to face. But the bottom line.....the business is all about relationships....and people are not always as they seem. I established good relationships with my customers and the purchaser just didn't care about them in the end. Thank you for your time.
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This is really fascinating.
If a lawn care business owner were looking to buy a customer base from another lawn care business, what advice do you have that would lead to success? What pitfalls should they be careful of?
__________________
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#5
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--> Don't buy from anyone else....they'll never take care of the accounts the way you do and customer retention is extremely difficult. I sold to a guy who's been in business for 20+ years....so why didn't he just grow himself? If you end up purchasing a landscape account list, do your due diligence. Make sure you get to know the customer, likes, dislikes, walk the properties, review prior billing, yadda yadda. |
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