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ascjim

How much is my business wroth?
« on: January 10, 2012, 11:56:04 am »
What would you pay for this?

Work:
Monthly: £825
Bi Monthly's: £530
Quarterly: 330

Van:
Expert 1.9 2002
189,000
MOT and Taxed till june
Few dents

System: (2months old)
350 Litre upright
200GPD RO
100 metre hose and 30 metre
30 FT and 45 FT pole
DI canister
Battery

Other:
Bucket and loads of kit
30 Scrim
2 ladders and step ladder
Extension pole.

Help would be appreciated
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Sean Dyer

  • Posts: 2947
Re: How much is my business wroth?
« Reply #1 on: January 10, 2012, 12:00:16 pm »
youve got just over a grand a month worth of work which i would say is about 3x the monthly value is between 3-3500 k

And about 1500 in equipment

So if your looking to buy your business partner out id be paying about 4k

Its obviously a new business? as theres not enough work for one guy let alone 2
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GDwindowcleaning

  • Posts: 1049
Re: How much is my business wroth?
« Reply #2 on: January 10, 2012, 12:02:56 pm »
The work has a monthly value of 1200 so its up to you how many you multiply it by. Depends on how established it all is, but if you say 3 cleans its 3600 for the work. Not sure on van etc bit would say 5k a ball park figure...
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GDwindowcleaning

  • Posts: 1049
Re: How much is my business wroth?
« Reply #3 on: January 10, 2012, 12:04:38 pm »
Sean why would you pay out 4k on a business only worth 5k? Half would be 2.5k last time i checked...
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Sean Dyer

  • Posts: 2947
Re: How much is my business wroth?
« Reply #4 on: January 10, 2012, 12:31:56 pm »
i forgot to half the 3500 :)

PLus that van is worth more like 2k

so actually the business is only worth for half - about 2750 max

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LBWCS

  • Posts: 651
Re: How much is my business wroth?
« Reply #5 on: January 10, 2012, 12:39:03 pm »
agreed
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GDwindowcleaning

  • Posts: 1049
Re: How much is my business wroth?
« Reply #6 on: January 10, 2012, 12:39:47 pm »
I would offer him 2k as its him that wants to walk away, especially if its a new business....
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Pope vader

  • Posts: 1944
Re: How much is my business wroth?
« Reply #7 on: January 10, 2012, 02:42:22 pm »
who put the money up first,  who has done all the knocking
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rscleaningservices

Re: How much is my business wroth?
« Reply #8 on: January 10, 2012, 03:48:45 pm »
id give him £50 !!!!!!!!!! so wud Mr Bones !!!!!
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bonsey

  • Posts: 203
Re: How much is my business wroth?
« Reply #9 on: January 10, 2012, 04:07:06 pm »
mite strech to £75 !!
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AJ

  • Posts: 1262
Re: How much is my business wroth?
« Reply #10 on: January 10, 2012, 04:48:10 pm »
Has the company got any debt/tax owing/overdrafts?
You will be taking that over if you buy him out.
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AS Window Cleaning

Re: How much is my business wroth?
« Reply #11 on: January 10, 2012, 05:37:11 pm »
Quote from: AJ on January 10, 2012, 04:48:10 pm
Has the company got any debt/tax owing/overdrafts?
You will be taking that over if you buy him out.

very good point.might be worth getting solicitor involved (if haven't already,), could get messy due to 'personal' reasons taking over......

depends on what drawn up in partnership agreement, if you both put in equal amounts of time and money, etc.
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ashbash

Re: How much is my business wroth?
« Reply #12 on: January 10, 2012, 06:46:23 pm »
if you want to sell mate ill be interested
contact ash on 07540549655
thanks
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PurefectWindowCleaning

  • Posts: 2303
Re: How much is my business wroth?
« Reply #13 on: January 10, 2012, 07:10:11 pm »
A friend of mine has a round in Exeter (Exwick) if your selling any work, I can put you in contact?!
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