Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: bennymon on October 01, 2011, 04:20:01 pm
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hi folks i have awell established round worth about £1,100 per month what do you guys think it would be worth if i was to sell it many thanks
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I was told to expect about 3 months work. Good paying work, like shops or businesses can go for more than that, but i think between 2 and 4 times is about right, depending on how long the round has been going, and how well it is priced. But im a comparative new boy at 8 years, sure there are plenty of old timers on here. Like Roy Harding......if he can still get out of bed in the morning at his age! ;D
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I was told to expect about 3 months work. Good paying work, like shops or businesses can go for more than that, but i think between 2 and 4 times is about right, depending on how long the round has been going, and how well it is priced. But im a comparative new boy at 8 years, sure there are plenty of old timers on here. Like Roy Harding......if he can still get out of bed in the morning at his age! ;D
A you young wiper snapper, your only jealous because I got a load of work on the estate were you live. ;D Up to early in the morning for you ;D ;D ;D ;D. Anyway clear off back to Cornwall ;D
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Yeah, i would like to see you get 3 times round value :P amount you charge and what with the windows you skip.......
Still, better than collecting a pension!
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We follow a formula.
We take the whole yearly turnover of the work, divide that by 12 and times by 3.5.
So for example if you are selling a round that turned over £12000 per per anum during your last finanical year the formula would be:
£12,000/12*3.5= £3,500
some more examples:
£50,000/12*3.5= £14,583
£100,000/12*3.5=£29,166
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In the current climate well priced rounds are worth between 6 and 10 times monthly income.
You have to market it right i.e advertising it in the best places ( windowcleaning resources is good ).
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In the current climate well priced rounds are worth between 6 and 10 times monthly income.
You have to market it right i.e advertising it in the best places ( windowcleaning resources is good ).
I agree, however when we buy up work we stick to our 3.5 times offer as its the most suitable and enables us to get return on our outlay quicker. And to pay 6 times is simply not attactive enough.
If you were selling the business as a whole, ie all vans eipment, branding, website, databse system, phone numbers the whole shabang then I would say 2 times the yearly income with 3 years accounting proof of income/expenses. Which is what any business would be valued on and sold for.
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many thanks
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does it not differ to location? I have looked for rounds to buy and the way they differ astonishes me to be honest, with some people wating 3200 for a 200 quid a month job