Lawn Care Extraordinaire
Equipment Financing Lawn Care Extraordinaire
Author: Stephanie Clarke
Date posted: 03.08.23

John and his son started a residential lawn care service in their growing rural county. They predominantly serve middle to upper class homeowners with properties of two acres or more. As the fastest growing county in the state, many families moving from nearby cities into the area are not well-prepared to care for lawns of two acres or more. Many tend only to areas surrounding their homes with outlying acreage left unattended and overgrown.

Commencing with two riding mowers, two push mowers, trimmers, edgers, and essentials, backed by two trailers, Lawn Care Extraordinaire embarked on its journey. With the arrival of new families, John and Caleb are strategically planning an expansion. Concurrently, they intend to procure additional equipment, including mowers and a new trailer, to further strengthen their team. Their overarching goal is to achieve business growth while unwaveringly upholding the high-quality landscaping they’ve garnered county-wide renown for.

In pursuit of this objective, they ambitiously aspire to attract new annual contract clients. This is while ensuring the same level of service that their current customers have grown accustomed to. As John takes charge of pricing trailers and Caleb supervises equipment requirements, which encompass new riding mowers and push mowers, Lawn Care Extraordinaire is strategically poised to sustain and further its well-established success.

Lawn Care Extraordinaire

Recognizing the necessity for commercial-grade equipment, they also understand that their finances won’t permit outright purchases. Subsequently, they calculate the expense of two commercial riding mowers, two commercial push mowers, and two new trailers at $136,000. Believing in their ability to repay the needed loan amount promptly, this confidence stems from the influx of potential customers moving into the county, coupled with their stellar reputation in the community.

After meticulous research, John and Caleb unanimously opt for equipment financing, the optimal choice for their expanding business. Assisted by this financing, they’re poised to lease essential equipment seamlessly. This move ensures projected profits, along with the advantage of retaining the option to purchase. Following comprehensive paperwork completion and meticulous revenue reports, bank statements, and an impressive credit score presentation, their efforts materialize. Consequently, they swiftly welcome the equipment’s arrival.

 

With the new crew members in place, John and Caleb promptly signed numerous new customers to annual contracts, ensuring the delivery of their high-quality and professional lawn services to each one. Within 11 months, as they were steadily nearing lease payment completion, they were also resolutely aiming to finalize equipment purchase in the 12th month.

Lawn Care Extraordinaire
About The Author | Stephanie Clarke

Stephanie has a bachelor's degree in psychology and has been a professional writer for over 15 years. Her client list includes New York Times bestselling authors, publishing houses, prominent public figures and successful business owners. She resides with her family in Florida.

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