Gold mine round for sale

« **on:** September 09, 2011, 04:42:18 pm »

Started up 7 years ago and have now built a round up to achieve one man £73k a year income. (Vat threshold).

The round consists of quality domestic jobs averaging just over £17 per job. These vary from £6-12 front only cleans to large domestics achieving £100 per clean.

The round is currently worked over 4 weeks each month starting on the 1st and finishing around the 28th having a couple of days off at the end of each month.

I go like a loon in December and squeeze everyone in before the 24th so as not to disturb customers over the xmas break.

One man needs to work around 7hrs / 4 days a week to complete all the work each month. Although working 5 days a week you can complete the work at a nice steady pace.

I believe this round to be of the very highest quality with most customers sending cheques in the post by means of self addressed envelopes, so no need to collect. Those that don't possess a cheque book or prefer BACS i have on standing order payment.

Having just read the the rounds for sale website I will consider all offers over £100,000

Anybody that's seriously interested can call me on 07717756357

Regards,
Lance

« **Reply #1 on:** September 09, 2011, 05:58:01 pm »

Round is turning over approx £6000 per calendar month 16.5 times monthly value seems excessive. For that lay ouy are there audited accounts

« **Reply #2 on:** September 09, 2011, 07:00:20 pm »

I can give the interested parties whatever proof they need that the work is all genuine and above board.

I don't think that 16.5 times monthly is excessive at all given the fact that one man can breeze through all the work on his own.

« **Reply #3 on:** September 09, 2011, 07:25:20 pm »

Not doubting work is genuine. I'm just querying pricing thats all

« **Reply #4 on:** September 09, 2011, 07:49:13 pm »

whats the normal x t/o people charge for rounds ? is there a sort of average ?

« **Reply #5 on:** September 09, 2011, 08:40:13 pm »

Sold a bit of my gold mine last month got 5 x , was good work @ good payers ,
X16 , you must talking platinium ,

, dont know any windys out there with 100 k Any case , if I pay 100 k , will u chuck in ur ladder & bucket ,

« **Reply #6 on:** September 10, 2011, 01:32:54 am »

The business about selling WC rounds has always made me wonder.

Why is it that if you buy a limited company you can expect to pay around 5 times the yearly profits for it? Even if it includes some fixtures and fittings this is still a lot.

On this logic a WC round would be worth 60 times monthly.

Maybe WC rounds in general are undervalued? I know you lose a few custys when you buy a round but you'll pick up a few too.

Just a thought.

« **Reply #7 on:** September 10, 2011, 01:45:09 am »

Hello Lance,

I would have been interested ...... in 2x the monthly takings ( I have never paid higher myself, and then worked it to pay it).... I hope you sell it for what you want!

« **Reply #8 on:** September 10, 2011, 10:24:04 am »

hmmmm pay £100K and work like the clappers for 18 months on a good will deal and hey presto yove broken even

I'M OUT

« **Reply #9 on:** September 10, 2011, 10:25:58 am »

« **Reply #10 on:** September 10, 2011, 11:35:41 am »

Then once you've worked 18 months you have all the profits of £73k worth of takings each year.

Granted it's not a short term get rich quick investment but if you know of anywhere else that you could have this earning potential then please let me know.

« **Reply #11 on:** September 10, 2011, 04:24:23 pm »

6k a month on your own in 4 days!!? Now that is a good round!

You've built it pal it's worth what you've put in to it. I wish I could afford to buy a round
near me but rounds are fetching more than I can afford. My round is a fraction smaller than yours
and I wouldn't sell for 10x as I've busted a gut to build it for 3 years. So I understand why people price high.

Good luck

« **Reply #12 on:** September 10, 2011, 11:24:23 pm »

you must be a mug to sell up if it takes that for minimal work???

« **Reply #13 on:** September 11, 2011, 06:57:30 am »

Quote from: the bfg on September 10, 2011, 06:15:19 pm

Quote from: sunshine windows on September 10, 2011, 11:35:41 am
Then once you've worked 18 months you have all the profits of £73k worth of takings each year.

Granted it's not a short term get rich quick investment but if you know of anywhere else that you could have this earning potential then please let me know.

good reply

my mates earning 10K a week selling peruvian marching powder, you interested ?

« **Reply #14 on:** September 11, 2011, 08:33:46 am »

Quote from: sunshine windows on September 10, 2011, 11:35:41 am

Then once you've worked 18 months you have all the profits of £73k worth of takings each year.

Where do the wages come from? Assuming someone works for 18 months to re-aquire their starting capital, at an average wage of 25k per annum, it will take two years to reach break even point and thats without factoring in any business running costs.

« **Reply #15 on:** September 11, 2011, 07:46:05 pm »

Big mistake looking at rounds for sale website.
They are priced too high that's why they are still for sale.
The stuff that was reasonably priced sold.
If you REALLY want to sell then you need to be realistic.
This is only DOMESTIC work anyway

« **Reply #16 on:** September 11, 2011, 08:28:56 pm »

a lot of the "rounds" on websites turn out to be canvassers dont they ?

« **Reply #17 on:** September 12, 2011, 02:49:58 pm »

Do u know any good canvassers in the south ,

« **Reply #18 on:** September 13, 2011, 01:57:31 pm »

ive never used them mate, im not sure what they generate, i suppose opinion is results based innit

« **Reply #19 on:** September 13, 2011, 03:03:57 pm »

Quote from: mikecam on September 11, 2011, 08:33:46 am

Quote from: sunshine windows on September 10, 2011, 11:35:41 am
Then once you've worked 18 months you have all the profits of £73k worth of takings each year.

Where do the wages come from? Assuming someone works for 18 months to re-aquire their starting capital, at an average wage of 25k per annum, it will take two years to reach break even point and thats without factoring in any business running costs.

Sounds like a good deal to me. 50% ROI. BOE doesn't give you that.

« **Reply #20 on:** September 14, 2011, 07:23:19 pm »

if round is turning over £73000 per annum then it should be registered for vat as well.

« **Reply #21 on:** September 14, 2011, 09:54:13 pm »

Quote from: Kwackers on September 13, 2011, 03:03:57 pm

Sounds like a good deal to me. 50% ROI. BOE doesn't give you that.

You must have a different way with figures than me. But you're right, its a brilliant investment opportunity. Only cost 100k, then pay someones wages for two years (or work it yourself), then run a van and gear to get round it all. It'll soon be snapped up, probably by a very savvy investor !!!! Or maybe not.

« **Reply #22 on:** September 29, 2011, 12:32:25 pm »

Is the round trad or WFP.

« **Reply #23 on:** October 02, 2011, 09:13:24 pm »

99.9% wfp

« **Reply #24 on:** October 16, 2011, 04:32:35 pm »

I think any business person looking for ROI would be interested in this.

2x and 4x for very well priced that has been cleaned for a long period is a silly amount to sell for. Crap work goes for this, just look on here you will find plenty of it.

I know the marketing behind this round that helped to build it and I can tell this earns very well.

someone wanting a long term business will buy this.

« **Reply #25 on:** October 19, 2011, 08:29:38 pm »

Quote

I know the marketing behind this round that helped to build it and I can tell this earns very well.

Window Washers do I know you?? or are you after a commission for sale

After a meeting with my accountant yesterday I am seriously looking into franchising the business now, but will still consider all serious offers.

« **Reply #26 on:** October 21, 2011, 04:05:51 pm »

franchising?surely you mean leasing or renting?
franchising would be selling your knowhow and system for others to replicate across the country?
if your going to lease it - you would have an army of takers - if your going to franchise - i doubt any takers but doubt thats what you meant ?

« **Reply #27 on:** June 19, 2013, 09:01:30 am »

Where is the round located

« **Reply #28 on:** June 21, 2013, 07:45:26 pm »

Your mad for not subbing it for 35k you would make your money and still own the round in three years. Can't think of much else you could put your 100k into that would return as well as this.

Believe me unless you are on it big time a 100k in cash is just enough to ruin you! No offence. Unless you are planning to go out with a bang.

Bvc.

« **Reply #29 on:** June 21, 2013, 07:47:03 pm »

Ps I wouldn't sell it period. let alone 100k!

« **Reply #30 on:** July 02, 2013, 06:46:06 pm »

At the end of the day you are only buying goodwill.
If people decide they don't like you that's money gone.
If they wanted to stop having them cleaned but were too embarrassed to tell the guy then now will be the time they stop you when you first come round.

« **Reply #31 on:** July 05, 2013, 04:32:46 pm »

JandS

There is a level of loyalty with window cleaning that is not seen in any other cleaning service, you could be late, do a crap job, miss windows, people just stick with it.

This sounds like a brilliant opportunity, if handed over, say in a three month handover, I would expect this for 100K, then there is no reason to lose any customers.

Just to be clear I am not saying that this round has been run half heartedly and with any of the above standards. Someone is getting a business for life.

I have sold a big round and made a lot of money from it, as far as I am aware the business is still going strong, he still cleans one of my neighbours.

Good luck with the sale

Rob

« **Reply #32 on:** July 05, 2013, 04:48:04 pm »

01st April 2013

The taxable turnover threshold which determines whether a person must be registered for VAT, will be increase from £77,000 to £79,000; - HMRC website

Rob

« **Reply #33 on:** July 05, 2013, 09:42:20 pm »

2011 this, wonder if it ever sold.

« **Reply #34 on:** July 08, 2013, 07:58:25 pm »

did it fxxk. 100k for goodwill, no contracts no nothing. yeah whatever. 5x for cream work , up to 10x for commercial. to pay anymore for goodwill is pure lunacy.

« **Reply #35 on:** July 13, 2013, 06:05:33 pm »

no it didn't sell, hes still at it now cleaning with his yellow mat

« **Reply #36 on:** July 16, 2013, 04:33:08 pm »

Quote from: dave0123 on July 13, 2013, 06:05:33 pm

no it didn't sell, hes still at it now cleaning with his yellow mat

you have the wrong sunshine cleaning

« **Reply #37 on:** July 25, 2013, 11:15:35 am »

A window cleaning round is not actually worth anything. Someone could buy it and then the next day, a new window cleaner could come round the area and offer half price.
The only real asset changing hands is 'goodwill'.
Why should anyone buy goodwill, when they can canvass your customers.

« **Reply #38 on:** July 29, 2013, 10:37:51 pm »

theres a lot of truth in that last statement,goodwill is so subjective. some people may say that the best way of buying a business is to chunk the agreed asset value up front ,take a 90 day payment gap and then pay the remainder monthly over 9 months or longer by agreement and caviats lodged in respect of achievement , essentially it should then be funded from turnover.it generally sorts out wheat from chaff

« **Reply #39 on:** October 02, 2013, 05:48:04 pm »

i took over a small cleaning company but it was contracted and in writing with a house builder - also signed off by contracts manager that the contract would not be taken away unless the quality of work decreased.

to buy a round of this value with no written contracts is crazy. its pure luck if you even keep 90% of them. good luck - id be retiring in spain if i sold work for £100,000

« **Reply #40 on:** October 03, 2013, 12:48:43 pm »

Quote from: dmckellar on October 02, 2013, 05:48:04 pm

i took over a small cleaning company but it was contracted and in writing with a house builder - also signed off by contracts manager that the contract would not be taken away unless the quality of work decreased.

to buy a round of this value with no written contracts is crazy. its pure luck if you even keep 90% of them. good luck - id be retiring in spain if i sold work for £100,000

It's alot of money but I'm afraid its the other way around it will be likely that you would keep 90% of them especially if customers when asked where is the regular guy new window cleaner says he is in the office today I'm his new proud staff member

The only problem is yes there are no contracts and you are buying good will so although its likely everything would go smoothly there is always that risk that it does go horribly wrong and £100k is half the cost of a 3 bedroom house in most the country which would be a secure investment

I feel if the op really wanted to sell it he should simply sell in chunks for example £500 in a certain area for 16 cleans (bit expensive) but £8,000 would be in some people's price range and people may actually bite

Also if he did get £100k transfered into his account for the sale of his rounds that would be pre-tax profit hopefully it would be called capital gains tax which isn't so bad
It's income basied on those earnings £10,500 allowence then around 20 something %
So around £80k left then again I'm no accountant they will know the deal and the sale of the rounds might just go on to your personal income which is taxed in brackets so retiring to Spain with at best £80k I don't think would take you very far before you need to work again , best thing to do is buy 2 cheap rental property's with large deposits on both and that will help the Spanish retiring dream so that said most people with this sort of money will probabally prefer to infact do just that rather then risk a life changing amount of money on rounds the property market is what they would likely do but hey 73k a year injection or say 12k a year from the property's you know what they say "he who dares"

Its risky but also calculated expirinced large window cleaning firms would consider it Horses for courses