Jump to content


Lawn Mowing Business
How To Start A Lawn Mowing Business
LAWN CLUB
the independent aussie lawn and
garden contractors community
welcoming all lawn and garden contractors and industry suppliers
Photo

Preparing To Sell

  • Please log in to reply
6 replies to this topic
spongy buffalo
spongy buffalo

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 356 posts
  • Joined: 28 Nov 2016
  • LocationWestern Sydney

Preparing To Sell
#1

So the plan is to one day, ie the minute the Mrs is ready- to move out of town

My book keeping is exactly that,
I tell the accountant I earned this, spent this on fuel that on waste etc, the receipts are all there if anyone wants to check
So to check the value of customers and so on would definitely be possible, definitely be a pain in the a55.
Does myob and others make all that information relevant to easy to access?
If you were to sell in a couple of years or even months how do you prepare record wise?
Posted 14 November 2018 - 06:31 PM

Colsy
Colsy

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 457 posts
  • Joined: 02 Dec 2017
  • LocationWestern Suburbs, Melbourne

Preparing To Sell
#2

So the plan is to one day, ie the minute the Mrs is ready- to move out of town

My book keeping is exactly that,
I tell the accountant I earned this, spent this on fuel that on waste etc, the receipts are all there if anyone wants to check
So to check the value of customers and so on would definitely be possible, definitely be a pain in the a55.
Does myob and others make all that information relevant to easy to access?
If you were to sell in a couple of years or even months how do you prepare record wise?

Yep, Quickbooks can supply a report on all my customers and their transactions for any given period.


Posted 14 November 2018 - 08:01 PM

Lucky
Lucky

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 2,040 posts
  • Joined: 21 May 2015
  • LocationDevonport TAS
  • Business Name:Grasshoppers

Preparing To Sell
#3

If you didnt want to run a "checkable" system for obvoiuse reasons then maybe just your run diary and a list of customers, frequency and cost should be fine. They should be able to check one against the other fairly easily.

Someone purchasing the business may appreciate not having a "checkable income" and most business has some cash component that is not shown.

I once worked at a wholesale bakery and the cash was the majority of the income and the income on the books was extremely high.


Posted 15 November 2018 - 09:15 PM

AndoTheMando
AndoTheMando

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 426 posts
  • Joined: 16 Feb 2018
  • LocationWestern Sydney
  • Business Name:ultimate property services

Preparing To Sell
#4

I bought my business of a guy who kept records in an old school book ...  I spent a month with him before handed over any cash though....lol


Posted 15 November 2018 - 09:18 PM

B.L.T.H ....Brake late, Turn hard


Lucky
Lucky

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 2,040 posts
  • Joined: 21 May 2015
  • LocationDevonport TAS
  • Business Name:Grasshoppers

Preparing To Sell
#5

I bought my business of a guy who kept records in an old school book ...  I spent a month with him before handed over any cash though....lol

Proper hand over is professional and shows trust.


Posted 15 November 2018 - 09:20 PM

AndoTheMando
AndoTheMando

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 426 posts
  • Joined: 16 Feb 2018
  • LocationWestern Sydney
  • Business Name:ultimate property services

Preparing To Sell
#6

Proper hand over is professional and shows trust.

I totally agree..   


Posted 15 November 2018 - 09:33 PM

B.L.T.H ....Brake late, Turn hard


Colsy
Colsy

    Advanced Member

  • Lawn Club Member
  • PipPipPip
  • 457 posts
  • Joined: 02 Dec 2017
  • LocationWestern Suburbs, Melbourne

Preparing To Sell
#7

Yeah I think if you can talk about a lengthy handover to a prospective buyer then that should be able to take the place of a formal system of checks and balances. You could list all of your customers on a spreadsheet or something just to posh it up a bit?


Posted 16 November 2018 - 06:43 AM




LAWN CLUB
for aussie contractors
LAWN CLUB is an independent australian lawn mowing and gardening contractors community. Our site is free to join and use for all members of the green industry,
and always will be. We are independently owned by a fellow lawn care professional, with the sole intention of LAWN CLUB that all lawn mowing contractors and
gardening contractors can learn from each other, chat with mates, & to freely ask or help each other in the running of our successful lawn care businesses.
Lawn Club community and lawn forum and business tips for lawn mowing contractors, gardening contractors, and lawn care business owners

Lawn Mowing Forum
How To Start Lawnmowing Business
Lawn Mower News and Sales