Clean It Up
UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: Steve Weatherley on May 01, 2014, 04:49:02 pm
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I am considering selling my business. I have a customer database and various items of equipment to sell. The business has been established since 2003 and I am keen to pass it on to good hands.
I'm wondering if anyone else has sold a business like this and if so what are the things I should look out for? Is it safe to sell the phone numbers with the business - bearing in mind I run the business from my home is there an idetity theft threat if the buyer has my name and address and then takes on the landline and mobile numbers?
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Would any of your competitors be big enough to buy you out?
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I’m very sorry Steve forgotten all about you! I was in your neck of the woods last weekend and was asked by a driving instructor! Gave him oakleaf nbr
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Wouldn't need to be very big to buy me out! I'm always open to offers!
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No problem Len it's been a while since we last spoke. I'm busier doing window cleaning these days as it's much easier on my old back ;D hence looking to sell the carpet side
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Steve approach Boots & Thomson in Ramsgate high street, their frontage looks like S.H.I.T and a brand name!!!!! Opposite nice coffee house to watch the world go by!
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There are several formulas for valuing a business , as a guide
if it has proper systems in place and makes more than a wage , it will be worth plenty .
I sold a cd franchise with 120k turnover and 20k tangible assets for 60k .
I bought a business with 35k turnover and 3k tangible assets for 6k .
I buy websites for 200-3000.
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Realistically, you will be lucky to get anything. Just sell off your gear and move on.
NET profit over the past 5 years is averaged and valuation is based on this along with other factors.
Unfortunately carpet cleaning as a stand alone business is not financially viable for investor/s or someone looking to buy in. However, on a positive note, its provided you with a wage and got you by no doubt.
Sorry to be a little negative but good luck with your new venture.
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Their are many companies who specialise in selling business who will come out and give you a free valuation and appraisal your company.
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There are lots of people who have sold their carpet cleaning businesses. Work out a price you are happy with and advertise it on gumtree, facebook etc. If you use an agent they will take a big slice of the purchase price.
There are lots of people being made redundant who are looking for something to make up for their lost income.