[C.C.S.]

Hi guys .I need your advice. I've been offered the chance to buy a round (commercial ), around 15 customers with a total turnover of £23.000 p.a. Some are done every 4-6 weeks some are annually(he has some schools ). He wasn't sure what to ask for it but suggested that rounds are selling for 8-10 times of monthly income. I said i need a few days to think about it.I'm normally reluctant on buying rounds but the guy sounds genuine .Reason for sale is that he's been offered a job .
Not sure what to do next or what i should ask him further.
Thanks

[PoleKing]

8-10 times may be possible but rare, i'd say.

You're looking at minimum £15k.
£15k spent on advertising would generate an awful lot of work if spent wisely.

If you do decide to spend your hard earned £ with him, id ask for absolutely watertight contracts and perhaps a solicitors beady eye cast over the contract.
Are you desperate for the work? If not, play it cool. See if he's still got it in 3 months. Still play it cool. 6 months, still got it. Offer him 2 times.
I sold some work last year. I wanted 5x, i got 4x.
That seems common and fair.

[cgh window cleaning]

I would be very reluctant to pay any money for schools.
Schools have very little to no money to spend on window cleaning so the chances are they may not use him the following year .
Schools are allways looking for the cheapest price.
What other types of work is it?

[SB Cleaning]

10 X is a ridiculous amount to pay

I wouldn't pay more than 4x and that would have to be really good work..I have bought 3 rounds in the past and they were all a good buy but the price has got to be right as your only paying for names and addresses at the end of the day.

[Scrimble]

You have little chance of buying a school as a customer,  when he said 8-10 times did you not laugh at him?

[Paul T]

Cash is king at the moment .
So get the best deal u can
Personal/business loans are very difficult to get these days

[Joey Eastwood]

10 times? my god thats a lot of work to do before you see a profit.
i only ever brought work when i started out, i   payed 3.5 times monthly value, still a decent round today haha

[Matt.]

Hi guys .I need your advice. I've been offered the chance to buy a round (commercial ), around 15 customers with a total turnover of £23.000 p.a. Some are done every 4-6 weeks some are annually(he has some schools ). He wasn't sure what to ask for it but suggested that rounds are selling for 8-10 times of monthly income. I said i need a few days to think about it.I'm normally reluctant on buying rounds but the guy sounds genuine .Reason for sale is that he's been offered a job .
Not sure what to do next or what i should ask him further.
Thanks


Omg is this true ? Commercial sells for this price

[C.C.S.]

He didn't said he wants 10 times of the monthly income but asked FWC for advice and that was they suggested .i was aware that he needs someone to be willing to pay that

[Walter Mitty]

So he turns over £23k p.a. from just 15 of his customers - and he wants to throw it in to work for someone else?
Something doesn't sound quite right there.
It must be assumed that he has other work - and it's unlikely someone would sell off their best.

[C.C.S.]

he's changing trades so i assume he used window cleaning as part time

[Ian101]

turnover of £23.000 p.a.

so about £1900 a month x lets say 8 times = £15200 to purchase it

my advice if you have that amount spare to invest is to hire a full time canvasser and leaflet team of 3 .... this will pay for itself anyways after a few cleans ..... then find out who buys his work for crazy money and sell them some of yours 

[C.C.S.]

turnover of £23.000 p.a.

so about £1900 a month x lets say 8 times = £15200 to purchase it

my advice if you have that amount spare to invest is to hire a full time canvasser and leaflet team of 3 .... this will pay for itself anyways after a few cleans ..... then find out who buys his work for crazy money and sell them some of yours 

I wouldn't have offered that anyway. Like i said i'm reluctant to buy rounds so i'll probably pass this  time. I was thinking today to rent it of him for 6months or a year and then maybe i  could make a deal

[G.W.C]

turnover of £23.000 p.a.

so about £1900 a month x lets say 8 times = £15200 to purchase it

my advice if you have that amount spare to invest is to hire a full time canvasser and leaflet team of 3 .... this will pay for itself anyways after a few cleans ..... then find out who buys his work for crazy money and sell them some of yours 

Ian, where would you recommend to look/advertise for a full time canvasser? I am in a similar position ( looked into buying round then thought better of it). A full time canvasser would be a much better option

[ChumBucket]

Offer him 5k take it or leave it. 23k from 15 customers leaves you very vulnerable to some big losses by anyone of them jumping ship. That 23k could be halved in the blink of an eye!!