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king marko

Re: advice on buying a round please
« Reply #20 on: July 13, 2011, 12:24:26 pm »
if i have read this right , the lad is 18 doenst drive   but has had the round ten years and is selling a van with it
no - the lad is just a self employed worker (along with another guy). theyve been working the round for a while whilst the owner has been having treatment. the 18yr old is a nice lad who knows most of the work.because hes under 25 he cant drive the van.

Pope vader

  • Posts: 1944
Re: advice on buying a round please
« Reply #21 on: July 13, 2011, 12:33:21 pm »
ok.  just thought it sounded dodgy  will you be taking the lad on

king marko

Re: advice on buying a round please
« Reply #22 on: July 13, 2011, 01:46:20 pm »
ok.  just thought it sounded dodgy  will you be taking the lad on
yeah think so - it would benefit me for a couple of months i think

matty72

  • Posts: 579
Re: advice on buying a round please
« Reply #23 on: July 13, 2011, 05:36:33 pm »
agree a price, pay deposit, do most of work,settle amount when worked cleaned

A@R WINDOWCLEANING

  • Posts: 312
Re: advice on buying a round please
« Reply #24 on: July 13, 2011, 11:19:14 pm »
seems alot of money for 3500 a month BE CAREFUL

king marko

Re: advice on buying a round please
« Reply #25 on: July 14, 2011, 08:02:08 am »
is it really a lot for £3500?? i didnt think 5xcleans was too bad if its established. ive seen and been offered rounds upto 10x  that were worth much less!!

Ian101

  • Posts: 7889
Re: advice on buying a round please
« Reply #26 on: July 14, 2011, 08:19:35 am »
IF its all cosher then IMHO the price is about right but u gotta do some due diligence to satisfy yourself ... at the end of the day only u can make the decision  :)

gto

  • Posts: 682
Re: advice on buying a round please
« Reply #27 on: July 14, 2011, 12:47:25 pm »
i was looking at this round, but £16,000 was a lot to part with. unless he would take payments on it.

just had a reply from the guy answering question i sent him on monday, but the round has gone from roundsforsale.
so someone may have bought it.

king marko

Re: advice on buying a round please
« Reply #28 on: July 14, 2011, 05:06:27 pm »
i was looking at this round, but £16,000 was a lot to part with. unless he would take payments on it.

just had a reply from the guy answering question i sent him on monday, but the round has gone from roundsforsale.
so someone may have bought it.
ive been to his house today and had another lengthy chat - the problem ive got is this - he says its well established (8yrs +) but he has no documents from the tax man at all to prove any of the income. he has shown me paypal account for last three months + some bank statements to prove money is coming in but it just doesnt feel right if he has no self assessments or tax returns. am i being a bit daft??

Pope vader

  • Posts: 1944
Re: Advice on buying a round please
« Reply #29 on: July 14, 2011, 05:12:39 pm »
if it was me and i was wellign the rounds,  i would able to show you at least cleaning roaters or take you to some of the longest custys i have to prove it has been around 8 years,   even if there is no tax returns  he should still be able to prove the business more than 3 months,   as i know of a scam where wc would knock a round sell it on saying it was years old and it was only there second clean

if he was genuine then he wouldnt have a problem takeing you to custys

A@R WINDOWCLEANING

  • Posts: 312
Re: Advice on buying a round please
« Reply #30 on: July 14, 2011, 05:14:29 pm »
16,000 k is alot of money it may well be ok but if it was me no paperwork .not intrested .it would be different if it was a couple of grand

Helen

Re: advice on buying a round please
« Reply #31 on: July 14, 2011, 06:01:14 pm »
i was looking at this round, but £16,000 was a lot to part with. unless he would take payments on it.

just had a reply from the guy answering question i sent him on monday, but the round has gone from roundsforsale.
so someone may have bought it.
ive been to his house today and had another lengthy chat - the problem ive got is this - he says its well established (8yrs +) but he has no documents from the tax man at all to prove any of the income. he has shown me paypal account for last three months + some bank statements to prove money is coming in but it just doesnt feel right if he has no self assessments or tax returns. am i being a bit daft??
No you are not being daft.
In all honesty self assessment forms and tax returns are nobodies business except the tax mans, SE guy and his accountant.
But this guy can't prove that this work is well established from what you've said. Where are his certified accounts for the past whatever years, even if he has got rid of them his accountant would still hold them.
I think your gut feeling is saying no (mine would be) and I think you should go with it.....or at least speak with your accountant about it.
The 18 year old is SE? Then you don't have to offer him work.
By the way are you buying a business or just a window cleaning round? :)

king marko

Re: Advice on buying a round please
« Reply #32 on: July 14, 2011, 06:18:22 pm »
if it was me and i was wellign the rounds,  i would able to show you at least cleaning roaters or take you to some of the longest custys i have to prove it has been around 8 years,   even if there is no tax returns  he should still be able to prove the business more than 3 months,   as i know of a scam where wc would knock a round sell it on saying it was years old and it was only there second clean

if he was genuine then he wouldnt have a problem takeing you to custys
thanks guys - going with gut feeling and pulled out :( 

lee09

Re: Advice on buying a round please
« Reply #33 on: July 14, 2011, 06:20:35 pm »
if it was me and i was wellign the rounds,  i would able to show you at least cleaning roaters or take you to some of the longest custys i have to prove it has been around 8 years,   even if there is no tax returns  he should still be able to prove the business more than 3 months,   as i know of a scam where wc would knock a round sell it on saying it was years old and it was only there second clean

if he was genuine then he wouldnt have a problem takeing you to custys
thanks guys - going with gut feeling and pulled out :( 

Well done Mark, the right choice I think
Lee

Scott Dean

Re: Advice on buying a round please
« Reply #34 on: July 15, 2011, 05:04:35 am »
Just out of interest is the round owner called Justin, knew a bloke in a similar position??

king marko

Re: Advice on buying a round please
« Reply #35 on: July 15, 2011, 08:11:09 am »
Just out of interest is the round owner called Justin, knew a bloke in a similar position??
his name was matt mate