About the Landscape Juice Network

Founded in 2008. The Landscape Juice Network (LJN) is the largest and fastest growing professional landscaping and horticultural association in the United Kingdom.

LJN's professional business forum is unrivalled and open to anyone within within the UK landscape industry

LJN's Business Objectives Group (BOG) is for any Pro serious about building their business.

For the researching visitor there's a wealth of landscaping ideas, garden design ideas, lawn advice tips and advice about garden maintenance.

Should i sell part of my business

Hi
This is my first post so please go gentle.

I'm in my 3rd year of trading now. I started off with the idea of doing lawn care treatments competing with the likes of green thumb / lawn hopper etc.

As the years have gone by i'm doing less and less lawn treatments and the majority of my work is now commercial grounds maintenance. This no longer reflects my current company name "Lawn Care North East"

Should i sell of that part of the business with the few domestic clients I've got plus, website,etc or just wind it down and close it.

I've already got a new business name that i would move over to so thats not a issue.

Any ideas how to value the business? The turnover for treatments isn't great but would increase with a bit of work. My main interest is the commercial side of things now. I also don't have time for both.

Thanks in advance

You need to be a member of Landscape Juice Network to add comments!

Join Landscape Juice Network

Votes: 0
Email me when people reply –

Replies

  • Just service the clients under your new business name?

    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

  • PRO

    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...

  • Thanks for the links. I should have done a search. Ta
  • 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

  • PRO
    find some young blood fresh from or in collage with a driving licence and tell them they can run that side (with guidence from you) and you take a % from what is made, that way you help a young guy / girl to get a foot into the ladder of the trade and you make a little off it from doing almost nothing other then advice etc for them.
    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
  • Thanks for the above. Any young blood want to contact me regarding this and i'd be happy to discuss
This reply was deleted.

LJN Sponsor

Advertising

PRO Supplier

Agrovista Amenity is excited to announce that it will be continuing its partnership with national environmental charity The Tree Council, pledging to sponsor the planting of more than a thousand trees. The trees will be planted over the next…

Read more…