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Thanks a lot MAC. The title of the thread threw me originally (earnings multiple). Then, I felt really dumb because I posted two or three times to the thread!
I was curious to re-read the threads b/c I recently talked with a college kid that wants to sell his mowing accounts. Nothing as big as your recent purchase. He has 19 lawns, all fairly close to one another, all in a very desirable area of town for me. The biggest reason I even started considering the deal is that I have been strictly design/build at this point. Well, things are dead for me right now, and I have little cash flow to speak of. The kid goes back to school in August, so I thought that I could pick up mowing in August and mow up to one or two times in October. I actually mow two lawns right now, which is more of a favor than anything, but the monthly income is nice. One of the lawns is in the very area that the kid has most of his accounts (that is how I found out about him selling). Then I would already have the accounts for next season, giving me a head start before I have even begun to market the new mowing angle.
He has NO clue about how much he wants. In our initial conversation, he said that he could "almost guarantee 11-14 of the clients would continue a contract with me because of his "close ties" to them all. He has some equipment, but I don't really want to buy that as I can finance something new and only make the monthly payments (remember, cash flow is limited for me right now). The other thing is that he is already talking with another established landscaper about the sale.
Any questions or comments for me? Thanks.
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