We were talking about this the other day whilst out working.
We feel we have a very very solid round, good payers etc etc
Would a new person to window cleaning pay £80k+ for a round 2 vans and a employee? Because thats the kind of figures we would want to sell up.
But in reality as we all know you earn from day 1, job 1, minute 1,then a month after you have worked you go back and do it all again!
Outsiders dont see this as there isnt many businesses that have constant repeat custom which you can get fully paid for your services as you finish the job.
Another window cleaner knows that if they spent £80k on a round they would get it back in a year, again not many businesses you can invest and work in can get all you initial investment back in a year!
But reality is you could probably spend a quarter of the £80k and build that kind of turnover via new business.
Its a tough call as to what a round is worth, its the old adage "its worth what someone is willing to pay"
Rounds do seem to sell on the cheap but its probably because people want to sell quicker than a buyer can be found? If you need to sell quick its a buyers market, in no rush and you can keep the work ticking over hold out for higher price.
Andy