Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: easy clean on August 26, 2011, 05:33:29 pm

Title: whats it worth?
Post by: easy clean on August 26, 2011, 05:33:29 pm: What would you pay for a wfp domestic cleaning business with 2 employees turning over £118,000 with a nett profit of £47,000. With the benefit of one employee managing the round so much so that all you need to do is bank cheques everyday that you receive in the post and buy the odd piece of equipment now and then and the occasional resin change as and when!

What is that worth?
Title: Re: whats it worth?
Post by: wpclean on August 26, 2011, 05:45:01 pm: 30k
Title: Re: whats it worth?
Post by: Steve CM on August 26, 2011, 05:46:43 pm: Quote from: samson on August 26, 2011, 05:45:01 pm
30k

hillarious!
Title: Re: whats it worth?
Post by: Helen on August 26, 2011, 05:50:35 pm: I would want a higher return on profit than 40%. :)
Title: Re: whats it worth?
Post by: Simon Spencer on August 26, 2011, 06:33:28 pm: Alright easy clean,

The work alone could sell for about 60k.

What about vehicles, fuel etc? who pays for that?

Simon
Title: Re: whats it worth?
Post by: Darranvps on August 26, 2011, 09:13:53 pm: What is the location
Title: Re: whats it worth?
Post by: easy clean on August 26, 2011, 11:43:25 pm: Dartford, south east England
Title: Re: whats it worth?
Post by: mikecam on August 26, 2011, 11:57:26 pm: Quote from: easy clean on August 26, 2011, 05:33:29 pm
What would you pay for a wfp domestic cleaning business with 2 employees turning over £118,000 with a nett profit of £47,000. With the benefit of one employee managing the round so much so that all you need to do is bank cheques everyday that you receive in the post and buy the odd piece of equipment now and then and the occasional resin change as and when!

What is that worth?

That seems an excessive nett profit for such a turnover. In order to give an accurate valuation i think we'd need to see the latest VAT returns and PAYE info ?
Title: Re: whats it worth?
Post by: paulm on August 28, 2011, 07:43:24 am: what on earth are they spending £53 grand a yr on? if turning over £118k annual i would expect to sell for £80k. Any other business thats been built up over time with hard graft,blood sweat & tears wouldn't let an annual t/o go any cheaper.
Title: Re: whats it worth?
Post by: easy clean on August 28, 2011, 09:38:25 am: £71k! And its made up off wages, fuel rent, equipment insurances, ni, fees, the list goes on!
Title: Re: whats it worth?
Post by: Helen on August 28, 2011, 10:26:05 pm: Quote from: easy clean on August 28, 2011, 09:38:25 am
£71k! And its made up off wages, fuel rent, equipment insurances, ni, fees, the list goes on!

Does the figure include just the 2 guys wages and employers NI or does it include a wage for you aswell?
Rent - what on - a unit?
Are you fully vat registered or flat rate
Title: Re: whats it worth?
Post by: Moderator David@stives on August 28, 2011, 10:52:21 pm: If £47k is the true net profit, with little involvement from you then, i would say £40k but then finding a buyer ?

i base that figure on 10 months net profit
Title: Re: whats it worth?
Post by: Darranvps on August 29, 2011, 06:01:33 pm: It's worth what somebody would pay and not a penny more!
Good luck in selling it - there will be somebody out there who will buy.
Title: Re: whats it worth?
Post by: Frankybadboy on August 29, 2011, 06:16:33 pm: and if you cant sell it as one business then think about selling of in parts,you probaly get more that way. ;)