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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: wpclean on November 04, 2012, 12:46:04 pm

Title: Would you pay 45k for this ?
Post by: wpclean on November 04, 2012, 12:46:04 pm
Posted on 02/11/12
Region: Scotland
Location: North & South Lanarkshire
Type: Domestic
Monthly Avg Value : £12,000
Established For: 6 years
Comments: Well established quality window cleaning round, all done with traditional ladder method, in the North & South Lanarkshire areas. All customers conditioned to all weather cleaning, during all year round. Good payers: all usually pay cash on the day. Plenty of scope to build the round more, as new customers join every week. Selling round to concentrate on a business abroad. Plenty of extra work including gutters, pvc cleaning and power washing etc. Weekly average turnover is £2,400. Willing to split round up to sell as follows: North Lanarkshire Wishaw/Newmains area £25,000. South Lanarkshire Carluke/Law village areas £30,000. South Lanarkshire Lanark area £4,000. The complete round is sold at a discounted price of £45,000. No timewasters please, as we are all very busy and I am not interested in leasing the rounds out or paying for the business in instalments. People looking for a serious business oportunity only. Please contact by email first.
Asking Price : £45,000
Register as a member to view contact details
Title: Re: Would you pay 45k for this ?
Post by: steve rix on November 04, 2012, 12:52:44 pm
If its genuine, yes without question
Title: Re: Would you pay 45k for this ?
Post by: ben M on November 04, 2012, 12:59:48 pm
If its genuine, yes without question
same for me
Title: Re: Would you pay 45k for this ?
Post by: britishwill on November 04, 2012, 01:04:29 pm
Thats a steal if it is so real. You will need extra staff! How many staff does the owner have working on that monthly average? Also you will have to go VAT registered. Serious consideration needed on that one!
Title: Re: Would you pay 45k for this ?
Post by: keen n clean on November 04, 2012, 02:13:13 pm
If it says what it says on the tin...without doubt i would have it at that price.YES
Title: Re: Would you pay 45k for this ?
Post by: king marko on November 04, 2012, 02:38:03 pm
I looked at this yesterday - id definately look into buying - if its genuine, what a steal - you'd make your money back in less than 6 mths

Get a couple of a lads working it, pay them a decent wage, sit back and retire  ;D
Title: Re: Would you pay 45k for this ?
Post by: Smudger on November 04, 2012, 03:19:45 pm
without a doubt 12k monthly for 45K -  bargain !

Darran
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 03:34:57 pm
If it was nearer me I would have a look,however,12k a month trad work in Scotland might not be quite as easy as some of you guys down south might think,you are prob looking at a wage bill of around 4K (if you are adding this to an existing business) to complete the work plus the other expenses.
Title: Re: Would you pay 45k for this ?
Post by: Smudger on November 04, 2012, 03:43:09 pm
If it was nearer me I would have a look,however,12k a month trad work in Scotland might not be quite as easy as some of you guys down south might think,you are prob looking at a wage bill of around 4K (if you are adding this to an existing business) to complete the work plus the other expenses.

 ???

how much would you be planning on paying ph then ????

Darran
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 03:52:34 pm
If it was nearer me I would have a look,however,12k a month trad work in Scotland might not be quite as easy as some of you guys down south might think,you are prob looking at a wage bill of around 4K (if you are adding this to an existing business) to complete the work plus the other expenses.

 ???

how much would you be planning on paying ph then ????

Darran
approx 600 man hours @£7 per hour
Title: Re: Would you pay 45k for this ?
Post by: Smudger on November 04, 2012, 05:01:49 pm
so you would need 4 men + yourself to cover that amount - interesting

Darran
Title: Re: Would you pay 45k for this ?
Post by: spudd on November 04, 2012, 05:17:36 pm
Id be curious to know how many men does it take to complete 2400 a week, day in day out TRAD?? Specially with the lovly Scottish weather..
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 05:22:40 pm
so you would need 4 men + yourself to cover that amount - interesting

Darran
No it would be 4 men to cover 12K of work,I would need 4 men to do the work as I am already full up,if you are able to work on it yourself obviously this would bring the wage bill down, which is why I mentioned adding 12K of work on to an existing business
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 05:25:16 pm
Id be curious to know how many men does it take to complete 2400 a week, day in day out TRAD?? Specially with the lovly Scottish weather..
4 men 4 days, 7 hour days
Title: Re: Would you pay 45k for this ?
Post by: Smudger on November 04, 2012, 06:01:58 pm
KS - no problem just gauging your breakdown of wages etc..  and of course you lose another 20% to vat

4 men ( all employed ) would seem to be somewhere in the right ball park - i'd prob include myself initially just
as a meet and greet of the new customer base - do you think the round comes with staff ?

Darran
Title: Re: Would you pay 45k for this ?
Post by: wightsurf on November 04, 2012, 06:03:00 pm
The weather is not a issue either as it states all weather cleaning.
So yes i would go for that ,i would also start in small areas moving to wfp.

Min living wage is 7.20  ;D
Title: Re: Would you pay 45k for this ?
Post by: Perfect Windows on November 04, 2012, 06:07:49 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Title: Re: Would you pay 45k for this ?
Post by: supernova77 on November 04, 2012, 06:12:48 pm
Quote
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin

Lol
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 06:13:51 pm
KS - no problem just gauging your breakdown of wages etc..  and of course you lose another 20% to vat

4 men ( all employed ) would seem to be somewhere in the right ball park - i'd prob include myself initially just
as a meet and greet of the new customer base - do you think the round comes with staff ?

Darran
Yes he would probably have some workers who would want to continue to work with the new owner.The round would still be a good earner for someone but based on the work up here it would not generate the same profit as down south,so not as much of a bargain as some might think.I pay 3 x the clean for trad and 4 x the clean for WFP
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 04, 2012, 06:16:44 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Would de slightly more than £10 400 per month Vin but you're right,certainly not £12 000 ;)
Title: Re: Would you pay 45k for this ?
Post by: clive82 on November 05, 2012, 02:46:32 pm
who has 45k to put upfront its window cleaning not microsoft ltd and no its not worth it cause the work isnt gureenteed! check books probly worth between 18-25k!
Title: Re: Would you pay 45k for this ?
Post by: paul13 on November 05, 2012, 07:58:44 pm
who has 45k to put upfront its window cleaning not microsoft ltd and no its not worth it cause the work isnt gureenteed! check books probly worth between 18-25k!

Sorry but that doesn't make sense ::)
45k is not a lot of money for the work been offered, most people
with a well run legit business could raise that sum of money.
The work is as garanteed as any other window cleaning business
for sale just make sure you  meet the majority of custy's.
How do you guess it's worth 18-25k?
Title: Re: Would you pay 45k for this ?
Post by: TomCrowther on November 05, 2012, 08:04:18 pm
Microsoft may be struggling a bit lately but I think they are still worth a bit more than a four man wc business.
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 05, 2012, 08:08:40 pm
I had a shock when my accountants told me what they thought my business was worth.

I nearly fell off my chair
Title: Re: Would you pay 45k for this ?
Post by: TomCrowther on November 05, 2012, 08:16:02 pm
They use a formula- turnover minus expenses x whatever. Anyone looking to buy a round should get the figures and let their accountant have a look. Could save them from an expensive mistake.
Title: Re: Would you pay 45k for this ?
Post by: Frankybadboy on November 05, 2012, 08:16:31 pm
I had a shock when my accountants told me what they thought my business was worth.

I nearly fell off my chair
was it only 1p dave iam not surpised. ;D ;D ;D ;D ;D


found them pictures yet ??? ??? ???
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 05, 2012, 08:28:18 pm
I didnt believe him, I reckon 1/4 of what he said


Which pics ? facebook ?
Title: Re: Would you pay 45k for this ?
Post by: Frankybadboy on November 05, 2012, 08:30:16 pm
I didnt believe him, I reckon 1/4 of what he said


Which pics ? facebook ?

olympics ones you old cornish fart :P :P ;D ;D ;D
Title: Re: Would you pay 45k for this ?
Post by: Dave66 on November 05, 2012, 09:09:31 pm
who has 45k to put upfront its window cleaning not microsoft ltd and no its not worth it cause the work isnt gureenteed! check books probly worth between 18-25k!
im with you, who's got a spare 45k lying around!  :o
Title: Re: Would you pay 45k for this ?
Post by: Perfect Windows on November 05, 2012, 10:39:38 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Would de slightly more than £10 400 per month Vin but you're right,certainly not £12 000 ;)

In what way?

£2,400 * 52 = £124,800.

£124,800 / 12 = £10,400.

QED.

Vin
Title: Re: Would you pay 45k for this ?
Post by: stuart mc on November 05, 2012, 11:24:36 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Would de slightly more than £10 400 per month Vin but you're right,certainly not £12 000 ;)

In what way?

£2,400 * 52 = £124,800.

£124,800 / 12 = £10,400.

QED.

Vin

4 weekly clean will bring in more, it equates to 13 cleans a year, but the maths still don't add up, on the sellers part
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 05, 2012, 11:32:54 pm
You would get your original purchase price plus increased value when you sold it.

What it takes now is somewhat irrelevent to what could be earned if you put a little effort into it after you bought it.

My reckoning is that business could hit £250 k in 18 months then possibly £350k plus the year after.

Once you get to a certain size, then the business takes its naural momentum and will grow.

What the purchaser needs to do is to get off the tools and go and grow the business, this has a tremendous scope to grow and make some money as well as increasing the potential resale price
Title: Re: Would you pay 45k for this ?
Post by: stuart mc on November 05, 2012, 11:40:08 pm
You would get your original purchase price plus increased value when you sold it.

What it takes now is somewhat irrelevent to what could be earned if you put a little effort into it after you bought it.

My reckoning is that business could hit £250 k in 18 months then possibly £350k plus the year after.

Once you get to a certain size, then the business takes its naural momentum and will grow.

What the purchaser needs to do is to get off the tools and go and grow the business, this has a tremendous scope to grow and make some money as well as increasing the potential resale price


sorry dave ;D it is a trad round at probably around £3.50 a house, not a hope in hell
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 05, 2012, 11:41:44 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Would de slightly more than £10 400 per month Vin but you're right,certainly not £12 000 ;)

In what way?

£2,400 * 52 = £124,800.

£124,800 / 12 = £10,400.

QED.

Vin

4 weekly clean will bring in more, it equates to 13 cleans a year, but the maths still don't add up, on the sellers part
A didny notice either,he had already allowed for the 13 cleans :-[  £2 400 weekly would be £9 600 4 weekly and £10 400 monthly.
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 05, 2012, 11:46:32 pm
£2,400 weekly is £10,400 not £12,000.

Just a thought.

Vin
Would de slightly more than £10 400 per month Vin but you're right,certainly not £12 000 ;)

In what way?

£2,400 * 52 = £124,800.

£124,800 / 12 = £10,400.

QED.

Vin
Sorry,you are correct,I didn't realise you had allowed for the extra clean DOH!
Title: Re: Would you pay 45k for this ?
Post by: ♠Winp®oClean♠ on November 05, 2012, 11:53:33 pm
Posted on 02/11/12
Region: Scotland
Location: North & South Lanarkshire
Type: Domestic
Monthly Avg Value : £12,000
Established For: 6 years
Comments: Well established quality window cleaning round, all done with traditional ladder method, in the North & South Lanarkshire areas. All customers conditioned to all weather cleaning, during all year round. Good payers: all usually pay cash on the day. Plenty of scope to build the round more, as new customers join every week. Selling round to concentrate on a business abroad. Plenty of extra work including gutters, pvc cleaning and power washing etc. Weekly average turnover is £2,400. Willing to split round up to sell as follows: North Lanarkshire Wishaw/Newmains area £25,000. South Lanarkshire Carluke/Law village areas £30,000. South Lanarkshire Lanark area £4,000. The complete round is sold at a discounted price of £45,000. No timewasters please, as we are all very busy and I am not interested in leasing the rounds out or paying for the business in instalments. People looking for a serious business oportunity only. Please contact by email first.
Asking Price : £45,000
Register as a member to view contact details


Depends.

If it costs 10k in wages then no. The turnover means nothing.

You will also NOT be able to work 5 day weeks on a regular basis in that location with ladders either!
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 06, 2012, 08:01:23 am
Stuart m

I was trad and on ladders, and without employees 7 years ago, with a lot less turnover than that round,

At that time, one of my inspirations was meeting a guy who had a domestic round turning over £250 k with 4 employees.

It can be done
Title: Re: Would you pay 45k for this ?
Post by: ♠Winp®oClean♠ on November 06, 2012, 08:05:31 am
Stuart m

I was trad and on ladders, and without employees 7 years ago, with a lot less turnover than that round,

At that time, one of my inspirations was meeting a guy who had a domestic round turning over £250 k with 4 employees.

It can be done

He probably still laughs to himself about that encounter! ;D
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 06, 2012, 08:13:07 am
Winpro

Why is that?

I don't understand your post
Title: Re: Would you pay 45k for this ?
Post by: wpclean on November 06, 2012, 12:49:04 pm
I asked the question because I was curious how others would see this as an investment.

By the responses it just goes to show how one person sees the potential and, another not.

Personally I think if it was nearer to me I would go for it.
Title: Re: Would you pay 45k for this ?
Post by: paul13 on November 06, 2012, 01:07:58 pm
Don't think he believes you david ;D
I am sure 5 good men could turnover £250k domestic.
The round for sale is close to me and 2 or 3 years ago
I would be at least going for a look but getting staff
is a major head ache and my motivation just now
has stalled a bit like richy's :)
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 06, 2012, 01:14:49 pm
It Could save you 5 years of growing to get to the level, if you started from scratch

I reckon thats what it would take at least that to get to the current £12k per month

Hi Paul

My motivation flags all the time, it is tough to balance things, getting good window cleaners doesn't bother me, that is the easy part, I have too many at the moment, but I am keeping them all, always find things to keep them busy.

The guy I was on about was a prominent member of this forum a while back, still looks in occassionally, he might post himself.

Dave
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 06, 2012, 04:09:59 pm
I asked the question because I was curious how others would see this as an investment.

By the responses it just goes to show how one person sees the potential and, another not.

Personally I think if it was nearer to me I would go for it.
I don't think anybody said there is no potential in it,just not as much as others who don't know the trad market up here might think.
Title: Re: Would you pay 45k for this ?
Post by: paul13 on November 06, 2012, 05:11:35 pm
Think anybody buying the round would be looking to convert to wfp
through time custy is a custy trad or wfp
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 06, 2012, 05:14:03 pm
I know a very rich Scottish window cleaner or 2
Title: Re: Would you pay 45k for this ?
Post by: clive82 on November 06, 2012, 08:46:37 pm
who has 45k to put upfront its window cleaning not microsoft ltd and no its not worth it cause the work isnt gureenteed! check books probly worth between 18-25k!

one thing i noticed about window cleaning is every window cleaner that approachs you and asks questions is full of poop they are all millionaires yet they drive a poop vechicle and look like a tramp.
Title: Re: Would you pay 45k for this ?
Post by: stuart mc on November 06, 2012, 10:06:57 pm
I know a very rich Scottish window cleaner or 2

yes so do I

but I take your earlier point and concede you are correct, it could be a good buy, not that I have 45k to spend :'(
Title: Re: Would you pay 45k for this ?
Post by: wpclean on November 06, 2012, 10:10:32 pm
I know a very rich Scottish window cleaner or 2

yes so do I

but I take your earlier point and concede you are correct, it could be a good buy, not that I have 45k to spend :'(
Why don't you get a bank loan . . . . the banks are throwing money at window cleaners  :D
Title: Re: Would you pay 45k for this ?
Post by: Moderator David@stives on November 06, 2012, 10:30:19 pm
Samson

You are not kidding there, as long as you have healthy accounts, as most window cleaners have on here as they are mostly earning at least £100 per day
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 06, 2012, 11:17:40 pm
I know a very rich Scottish window cleaner or 2
So do I,he has a squad of about 10 brew boys and he pays them £35 a day,7 30 til 5 and they get an extra fiver for 2 hours collecting...I kid you not
Title: Re: Would you pay 45k for this ?
Post by: stuart mc on November 06, 2012, 11:44:15 pm
I know a very rich Scottish window cleaner or 2
So do I,he has a squad of about 10 brew boys and he pays them £35 a day,7 30 til 5 and they get an extra fiver for 2 hours collecting...I kid you not

that is normal here ;D
Title: Re: Would you pay 45k for this ?
Post by: KS Cleaning on November 07, 2012, 04:15:15 pm
I know a very rich Scottish window cleaner or 2
So do I,he has a squad of about 10 brew boys and he pays them £35 a day,7 30 til 5 and they get an extra fiver for 2 hours collecting...I kid you not

that is normal here ;D
;D ;D
Title: Re: Would you pay 45k for this ?
Post by: stuart mc on November 07, 2012, 09:23:04 pm
I know a company that pay £1 a house to the lads, charge £3 and the lads have to collect as well for nothing and get the bus through to work