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Hey man want to buy my business?

Discussion in 'Commercial Snow Removal' started by B-2 Lawncare, Aug 5, 2015.

  1. B-2 Lawncare

    B-2 Lawncare Senior Member
    Messages: 219

    So here's how it went down. We were out mowing, and the owner of another snow removal business stopped. We've never been friendly and I wasn't sure what he wanted.
    He litally just asked if I wanted to buy his business. I can't say that I am surprised that he is trying to sell out. His rates are to low and his equipment is all junk. "6 broke down old trucks" I am sure that he is in the hole after this last winter and our lack of snow. Ive been told that he paid $80,000 for the business. I asked what he wanted for it and he could give me a number. He just said he didn't want much for it. I asked what kind of contracts he had and just said seasonal?
    He only has two clients that I want. last year he took one of my commercial account's with low~ball offer.They were a huge pain in my ass. And i dont want them back.So game on at this point.Well there is no point or question to this thread, I just wanted to share the story.
  2. LapeerLandscape

    LapeerLandscape PlowSite.com Addict
    Messages: 1,466

    Just wait him out and when he goes under from not making any profit you might just get his accounts for free.
  3. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Tell him no thanks and then give him a number of one of your "real" competitors
  4. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,547

    So, did you talk to Birdseed for very long ?:dizzy:
  5. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    I would of walked away at hello:drinkup:
  6. Buswell Forest

    Buswell Forest PlowSite.com Addict
    from NH
    Messages: 1,668

    $5000. You get the trucks, sanders, shovels, snowblowers, clients.
  7. 160SR

    160SR Junior Member
    from nh
    Messages: 27

    Plus 10 year non-compete agreement minimum.
  8. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Along with thousands in repair bills. Can't stop Simone from earning a living non compete Claire are mostly used for interlettural work.
  9. 160SR

    160SR Junior Member
    from nh
    Messages: 27

    Who is Simone? Do you even know what a non-compete agreement is?
    Key word: Agreement
    Hint: It is not to stop someone from making a living.
  10. ponyboy

    ponyboy Senior Member
    Messages: 934

    I could be wrong but a non compete clause won't hold up in court for our industry but a specifics non compete clause will
    State they can't do work for the customers you just bought from him for 5 years
    He can go back into business but can't go after your new customer that were his
    I now do this with my for men encase they start their own companies
  11. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    I hate this tablet.looks then when you hit the reply button it changes the word.:realmad:

    You might get him to sign something that he won't go after his old customers but not from starting a new snow plow company
  12. B-2 Lawncare

    B-2 Lawncare Senior Member
    Messages: 219

    He's going to have a hard time selling it, I bet he can't get it done by winter and he either doesn't plow at all. Or he will give it a half ass effort like he did this last year.
    Either way should be fun to watch.
  13. ponyboy

    ponyboy Senior Member
    Messages: 934

    Why not buy it at your price
    Make it cheap enough that' when u raise the prices and people drop you you are still ahead of the game
    Like you said you are not friends so give him an insulting price that is a win for u
  14. cj7plowing

    cj7plowing Senior Member
    Messages: 379

    non compete is much different when you are purchasing a company. 5-10 years is the average and you would be a fool not to have that in the contract.

    non compete for employees can range from just your customers to not competing with a certain mileage of your business to a time frame or even not going to work for your competition.

    Its all in how you have it written by the lawyer.