Business Turnaround: Freedom Lawn Care (Behind the Scenes)

10 Dec 2023 · 5 min
5:09

Behind-the-scenes transcript of Mike Andes visiting Freedom Lawn Care to document a business turnaround. Key on-site findings: the company carries roughly over $100k total debt (about $15k credit-card debt) and shows a negative bank balance (~$1,000); the owner reports heavy equipment debt (a ~$70k Kubota) that is underused and a personal/owner-pay issue (owner hasn’t paid himself for months). Production constraints: the crew had >$10k of gear stolen so the episode was filmed on two iPhones. Business details: the landscaping business is ~75% of revenue, lawn care ~5%; the owner expects ~$200k in revenue this year (250k is an optimistic target) and also runs a hunting outfitter and some real-estate projects (buy/hold and a flip). Andes notes the high fixed costs of large equipment (loan ≈ $1,200/mo plus insurance/storage/maintenance raising effective cost to ~$1,800–2,000/mo) and warns about mixing real estate with operating businesses. The owner also reports leadership and employee-management challenges.

Questions this video answers

Over $100,000 total debt.

$15,000 of credit-card debt.

Negative $1,000 (about -$1,000).

> $10,000 worth of gear stolen on American Airlines.

A ~$70,000 Kubota (large piece of equipment).

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