Having done small engine repair at home for the last 10 years, I don't think that would work.
I don't buy very many mowers at all to repair. The people selling them with problems want almost what I can sell a repaired one for. I mean, its hard to get $500 for a used mower when the customer can have a new one with a warranty for 1,000. The profit is just not there to make it feasible if you really want to repair the problems so your buyer has a dependable machine.
What has been done around here is to advertise the free removal of non-running lawnmowers. I tried that when I was last out of work and while I was given quite a lot of absolute junk-which I had to deal with- I was given a repairable 318 John Deere.
The other side of your suggested business would be more feasible. Get a couple of good mowers-(one for backup-there are sure to be breakdowns and you don't want downtime: You might also consider springing for a new 'primary' mower) and get into the lawn mowing business. If nothing breaks you can do pretty well and if it rains, you have plenty to do from about May until October or November. (At least here in NC) Then take the Winter off, unless you want to get into snow removal, if that is an option in your area.
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