[East coast window cleaning Services]

Got a pal whos go a fair bit of commercial work and wants me to buy half his business. he runs it as a ltd company with accounts to prove the work totals work out around 49k turnover whats you guys reckon half the business is worth??

Cheers
Ricky

[p1w1]

doesn't matter what the turnover is it's the profit that you want to know to base any value on it..

paul

[Darranvps]

It really depends on the quality of the work.

If its taking one man only one day to earn 100 pounds, then not a lot, if its one man one day to earn a thousand pounds, then it's worth a hell of a lot more.

If there is only one customer, nothing at all as you could end up losing it. But something with a decent number is OK

I always think is it a lada or a Bentley, they are both cars that will get you from A - B, only one cost a lot more.........

Average I would say for 50,000 pounds per year would be about 25,000 pounds. Like I said though it depends on the quality etc

[daz1977]

6 grand

49000 (turn over)  / 12 months / 2 as ur buying half the business x 3 months value,  just over 6 grand

[R W C™]

It really depends on the quality of the work.

If its taking one man only one day to earn 100 pounds, then not a lot, if its one man one day to earn a thousand pounds, then it's worth a hell of a lot more.

If there is only one customer, nothing at all as you could end up losing it. But something with a decent number is OK

I always think is it a lada or a Bentley, they are both cars that will get you from A - B, only one cost a lot more.........

Average I would say for 50,000 pounds per year would be about 25,000 pounds. Like I said though it depends on the quality etc

£12.5 k

[daz1977]

why does he want u to buy in,   if it was me and i was making profit and it was easy, i would not want to share

[supernova77]

If I was going to buy a good window cleaning business I would be willing to pay up to 1 years profit, not x3 monthly value or anything silly like that!

Andy

[paul rulton]

why does he want u to buy in,   if it was me and i was making profit and it was easy, i would not want to share

same here 

[Sunshine/Cleaning]

You really need to know the profit which is what is left when all expenses INCLUDING the operatives wages have been paid.

For example Turnover £49k
Equipment inc petrol etc £5k
Wages                            £35k
Profit                               £9k

So the profit for a year would be 9k, as you would own half your profit would be £4.5k
To me thats what half the business is worth.

Dont be fooled into actually doing the work, if run as a business staff should do that.
Also make sure you know what he personally draws from the business and if he actually cleans or as staff.

[paul rulton]

oh  :