Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Scotts cleaning on August 12, 2007, 10:34:26 pm
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The going rate for trad domestic work is 3 times,
Anyone know what the going rate for wfp work is ?
Is it worth more than trad work? ::)
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3 times depending on quality of work
brett :)
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Its worth the same, it goes more on the job than what you do the job with.
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Each business should be valued for what it is and not for a multiple.
Is a £25.00 an hour round worth the same in multiples as a £10.00 an hour round.
A £1000 a month round could take 40 hours or 100 hours.
Dave
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The quality of your customer base is one of the main factors influencing the multiple used, dave is spot on.
Think about it, where else can you buy a business that has repeat monthly turnover and profit where you start to break even on month 4, 5 or 6, most businesses will not even think of breaking even until year 2 and 3.
What a great return on investment.
But first check when it was last cleaned, contact every single customer, make sure the seller has contacted every customer of the new change, and even then you may still experience cancellations.
Regards
Nath
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p.s. I would be more inclined to buy a wfp round given the choice. So yes I would pay more.
I am currently dithering about buying a trad round, if it were already converted I most probably would of bought it by now.
Dave
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If your buying a trad round and your WFP losing customers is going or might be a major factor,firstly you`ve got to come to some arrangement on price and losing customers on a trad round is enevitable if your planning on doing them WFP.In future this is going to be a problem when buying a round,to be honest what WFPoler wants the hassle of buying a trad round.
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Out of interest has anyone ever invested is buying a business with a turnover of £100,000 annual or know of anyone who has.
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buying a trad round and changing to WFP can be very risky but wen i first started i did this changed to 4 weekly instead of 2 weekly and doubled the price!!!
some will say i was mad and i was but after three months of un certaintaty i got the round back to the amount i bought but i only cleaned it once!!
It was a risk and one that paid off, but going into businesses is about risks
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I'll give you £10
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X 3 eh that might be what you’d sell a load of lead generation work that you no longer don’t want but would you sell a business that has been built up over decades for 3 x the monthly income,that would be like almost giving it away.
Some will say it’s only good will you are selling I say if it’s handed over properly the income shouldn’t be effected drastically,that amount is peanuts after 3 months running the business I’d rather give it to a young bloke with a family that I knew was a grafter.
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Why are you two reviving a 13 year old thread?
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Why are you two reviving a 13 year old thread?
I wonder how many genuine trads rounds there are left in the country. I'm excluding high street shops.
I can only think of 2 in our area and I have seen neither out and about in the last couple of years. We have dozens of wfpers though.
In the early wfp years we lost quite a number of a converted trad round to a father and son team working the area off ladders.
"We will never go to the pole as it's rubbish" son told me once when we were working the same street at the same time.
4 weeks ago I saw the son cleaning one of those houses we lost to them with a Purefreedom Trolley 😊
Good for him making the change. It was one of those same houses I fell off my ladder from which triggered the move to wfp along with another trad round son purchased for us.
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buying a trad round and changing to WFP can be very risky but wen i first started i did this changed to 4 weekly instead of 2 weekly and doubled the price!!!
some will say i was mad and i was but after three months of un certaintaty i got the round back to the amount i bought but i only cleaned it once!!
It was a risk and one that paid off, but going into businesses is about risks
Ive bought and sold quite a few rounds, only had a real problem with the 1st round i bought which was a trad round, even that is still bringing in the cash 20 years later as a wfp round
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I think Ronnie’s probably retired by now!
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I think Ronnie’s probably retired by now!
[/q
i always fall for that revived post thing 😁😁
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around 4 x the cleaning price.
Trad will have to be done trad. Too many customers would be lost if changing over to WFP
i sold work last year 4 x Takings
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
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Birdy that business you described Would be worth in the region of 100-120k then,I wouldn’t say that was bugger all m8.
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Birdy that business you described Would be worth in the region of 100-120k then,I wouldn’t say that was bugger all m8.
Don’t confuse turnover with profit.
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I’m not m8 some businesses sell for 3 x the Net profit,it’s not uncommon.
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Businesses being sold for 2-3 x it’s annual profit all the time,this is why when you hear a business being sold for 3 x the monthly profit is ridiculous no wonder they sell with no problem it’s a win win for the buyer even if they lost some of the work.
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Businesses being sold for 2-3 x it’s annual profit all the time,this is why when you hear a business being sold for 3 x the monthly profit is ridiculous no wonder they sell with no problem it’s a win win for the buyer even if they lost some of the work.
It does sound cheap.
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Yeah you build a business all you’re life then sell it for 3x what you take in a month 🤣🤣,I bet half the people that do that have also signed up to equity release too lol.
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Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.
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Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.
It isn’t profit though. Your profit as a self employed person is what you declare to the tax man, not what you take in a day.
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I was using you’re example with the 40k profit not the turnover,as you may know all the rubbish on here about 10-12 workers and turnover I’m not interested in.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
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Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.
Like most things you sell it all depends on what somebody is willing to pay, you are selling canvassed work/graft and nothing more, only a fool would work three years for nothing just have nothing but more guaranteed graft to show for it.
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Canvassed work or stuff from lead generation is completely different in my eyes,would you class a business that has been going for decades that has a well known name in an area with top notch work in the same ballpark,I know I wouldn’t.
Someone selling 4-500 quids worth of work they’ve cleaned for a few years and no longer want it is like comparing eggs to apples.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.
To have unlimited growth opportunities.
To be able to do the school run twice a day, and have more time with the family.
The list goes on and on.
I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.
Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.
To have unlimited growth opportunities.
To be able to do the school run twice a day, and have more time with the family.
The list goes on and on.
I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.
Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.
Worthless as a sellable business. Nothing wrong with it as a business for a self employed person, but it doesn’t really have a substantial value as a business to sell. I’m not being clever, I’m just pointing out that it’s just a “round”. If however it was turning over £80k it then has some value because you could make a profit over and above running costs. You could employ someone, pay them £25k and probably still have £30k profit. Hopefully you see my point.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.
To have unlimited growth opportunities.
To be able to do the school run twice a day, and have more time with the family.
The list goes on and on.
I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.
Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.
Worthless as a sellable business. Nothing wrong with it as a business for a self employed person, but it doesn’t really have a substantial value as a business to sell. I’m not being clever, I’m just pointing out that it’s just a “round”. If however it was turning over £80k it then has some value because you could make a profit over and above running costs. You could employ someone, pay them £25k and probably still have £30k profit. Hopefully you see my point.
I do see your point, and I agree that if it were turning over £80k it would be far more valuable.
However calling it basically worthless is vastly underestimating how many people would absolutely love to be able to earn £25k -£30k self employed profit with the freedom that our job gives. For that reason alone it becomes valuable and not worthless imo.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
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It makes me laugh when I hear people say you will only get what people are willing to pay etc I see it to a point but not to the extent people are saying,it’s only a window cleaning business blah blah blah.
There’s a hell of a lot of people out there that would like a little business like mine that’s crap and only willing to pay a small amount 🤣,if I wanted to earn the same I’d have to be training and tubing it in everyday and be very qualified in something to end up with anywhere near the same to live on that’s all can say,people shouldn’t judge what they do along with others that do the same job we all have very different customers some of the comments prove this by saying they’d sell up for 3 x the monthly amount earned.
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80 k turnover , and only 40 k profit ? just so you are not on the tools is utter madness .
someone on their own , with a di filter can do the same for part time hours , and less head ache .
actually , they can do far more ....
I cant believe what I am reading
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
Where are you based? Lots in the north earning less than that.
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Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.
Well I've managed to sell at 5 times turnover several times, I've bought work at that price also.
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80 k turnover , and only 40 k profit ? just so you are not on the tools is utter madness .
someone on their own , with a di filter can do the same for part time hours , and less head ache .
actually , they can do far more ....
I cant believe what I am reading
+1
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
Where are you based? Lots in the north earning less than that.
I agree with that up north comment.
Only because they are doing something seriously wrong though
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.
https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.
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Yes chunks of work
But if I'd added all the chunks together I'd have asked for and got 5x
Or not let it go
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.
https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.
I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.
There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.
That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.
https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.
I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.
There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.
That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.
I think I said £40k. And yes if house prices are low £25k is a good income. But you are just buying a job basically and it seems daft to me. At the end of the day, each to their own.
All sorts of qualifications got added afterwards around hours worked. If that was 10 hours a week of course it's worth it, as it's really £160k a year multiplied out and very profitable indeed. Much more profitable than my work. But most I'd estimate most window cleaners turn over £30-40k annually.
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.
https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.
I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.
There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.
That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.
I think I said £40k. And yes if house prices are low £25k is a good income. But you are just buying a job basically and it seems daft to me. At the end of the day, each to their own.
All sorts of qualifications got added afterwards around hours worked. If that was 10 hours a week of course it's worth it, as it's really £160k a year multiplied out and very profitable indeed. Much more profitable than my work. But most I'd estimate most window cleaners turn over £30-40k annually.
Your average may be right because the Window cleaning thickos bring the rate down badly
Done right WC can be really good in most parts of the UK
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Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.
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Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.
Did they? Where?
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Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.
Did they? Where?
;D
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
Where are you based? Lots in the north earning less than that.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
Where are you based? Lots in the north earning less than that.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?
Go on the Facebook window cleaning pages and you'll see lots earning less in the north, but I personally know one person where I live earning less than that working full time. I'm in the "prosperous south east".
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I don't know ANYONE working 40 hour weeks on the windows 😁😁
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Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.
Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.
As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?
Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.
I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.
That’s why I said ‘on average’.
If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.
Where are you based? Lots in the north earning less than that.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?
Go on the Facebook window cleaning pages and you'll see lots earning less in the north, but I personally know one person where I live earning less than that working full time. I'm in the "prosperous south east".
I’d rather not, thanks.
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If I was selling my business I would want at least one years turnover for it.
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Yeah at least why wouldn’t you all this nonsense about 3 months earnings you could buy 3 businesses for peanuts employe a few people and happy days,in reality this doesn’t happen with good work someone with good work knows the value and so does someone with half a brain buying it.
I think I read a post and the answer was who’s going to work for 2 years for nothing lol,in the real world this happens all the time you are running at break even at best for the first 2-3 years as you have business investment debt,only after a lot of this has been paid back are into profit why do people think window cleaning is any different.
It’s the same with any business investment be it Accountancy Solicitors or a coffee shop,if the clients don’t like you they won’t use you it’s all goodwill no matter what business it is window cleaning is not any different.
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Even the people who clean windows still have a low opinion of thereselves or there job they must do to have this view-attitude towards it,you hear people say it’s only window cleaning are you sure most of the actual window cleaners don’t think this because to say they only want a few grand for what they’ve built up it certainly comes across like that.
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I don't know ANYONE working 40 hour weeks on the windows 😁😁
Yes, you do.
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At the end of the day a round is only worth what someones prepared to pay for it...I sold some work off many years ago now....3 months later I had loads of customers phoning me asking me to go back as the new guy was rubbish!......🤣
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At the end of the day a round is only worth what someones prepared to pay for it...I sold some work off many years ago now....3 months later I had loads of customers phoning me asking me to go back as the new guy was rubbish!......🤣
No it’s not that’s complete nonsense what about any other business then Daz a solicitors Accountancy business to name only a couple,that also what you say goodwill and nothing more like any type of business all customers from the above can take their money elsewhere I’ve done it myself switch accountants etc,think about it m8.
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I sold some on 2 occasions. Both for 5 times.
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I don't know ANYONE working 40 hour weeks on the windows 😁😁
Yes, you do.
Wow Dave, in this Lockdown I've forgotten you already 😍😍😍
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At the end of the day a round is only worth what someones prepared to pay for it...I sold some work off many years ago now....3 months later I had loads of customers phoning me asking me to go back as the new guy was rubbish!......🤣
No it’s not that’s complete nonsense what about any other business then Daz a solicitors Accountancy business to name only a couple,that also what you say goodwill and nothing more like any type of business all customers from the above can take their money elsewhere I’ve done it myself switch accountants etc,think about it m8.
window cleaning is a mickey mouse business compared to a lot of other trades/businesses though...... ;D
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I tell you Daz people have come more unstuck paying 100s 1000s for a so called proper business m8 lol,the bigger the business the easier it is to hide all the crap.
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I don't know ANYONE working 40 hour weeks on the windows 😁😁
Yes, you do.
Wow Dave, in this Lockdown I've forgotten you already 😍😍😍
I can't believe I meant so little to you...
Anyway, how are you keeping, covid affected you much?
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Can't believe how much work my Website has Brought in these last nine months, I'm good
Hope you are too mate
Didn't forget you Dave, you'll always have a special place in my affections Dave ;D ;D
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Can't believe how much work my Website has Brought in these last nine months, I'm good
Hope you are too mate
Didn't forget you Dave, you'll always have a special place in my affections Dave ;D ;D
Yeah, a good website is invaluable. Looking forward to a nice fry up in sextons when this is all over. Perhaps Deeege could be persuaded to join us?
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Oooh a fry up, that sounds enticing.
He's not another Blues fan is he?
You going to tag team me 😁
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Can't believe how much work my Website has Brought in these last nine months, I'm good
Hope you are too mate
Didn't forget you Dave, you'll always have a special place in my affections Dave ;D ;D
Yeah, a good website is invaluable. Looking forward to a nice fry up in sextons when this is all over. Perhaps Deeege could be persuaded to join us?
Had a couple of their pies only last week. Count me in 👍
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Can't believe how much work my Website has Brought in these last nine months, I'm good
Hope you are too mate
Didn't forget you Dave, you'll always have a special place in my affections Dave ;D ;D
Yeah, a good website is invaluable. Looking forward to a nice fry up in sextons when this is all over. Perhaps Deeege could be persuaded to join us?
Had a couple of their pies only last week. Count me in 👍
Sexton pies are the best!not been in there for years though!
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Cu there Daz, window cleaning convention, you can show me your heater
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What the broken one.