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Replies
Im sure they dont care what you call yourself.
You'll probably find its not worth much unless theres contracts involved that can be passed on.
So what is a business worth that turns over very little and the boss is moving to pastures new? Very, very little I would think. As Phil says, why not just carry on doing the work under the umbrella of your new company? 3 years isn't very long to be thinking of giving business away.
The main issue i have is that i'm fully booked with commercial work and don't have the time for lawn treatments at the minute, I'm normally a 3 man team so can't really fit them in with my other work.
I think i made the mistake of making my company name to specific so that i couldn't diversify. I.e i'm quoting putting tracks into woodland and quoting as lawn care north east doesn't really look professional. Same goes with gritting in the winter.
I guess i could have a main business name with a lawn care on the side, but i'd still have the issue of meeting the lawn care customers demands
if you are a sole trader, you cant sell a buisness as there is nothing to sell.
What i do have to sell is the business name and website, which if someone is wanting to go down the lawn treatment route, then it would be on some value. It seems a shame to just switch it off
You can sell a ST business, but suggest it is all down your "signed contracts" and whose name they are in - yours or a T/AS entity, however you would mainly be selling 'goodwill' unless assets are involved?
These are all points to consider when starting out - choosing a business name that is not 'personal', "specific" or "geographical" and the type of business entity. It is easier to sell a Ltd company as it is a separate in so many senses...
These threads may also help;
http://www.landscapejuicenetwork.com/forum/topics/buying-or-selling...
http://www.landscapejuicenetwork.com/forum/topics/how-do-you-calcul...
http://www.landscapejuicenetwork.com/forum/topics/selling-my-ground...
it depends on weather you have got any written contracts with the clients and the turnover to what its worth if its only good will it not worth very much
also if all starts going pear shaped you can take the rains again with no one knowing any differnt and if all is well in a few years you cen sell of to them a buisness they already know