[Lee Burbidge]

About 7 years ago I bought a quite a big round.
It still makes up a large percentage of my business now.
The guy selling wanted 5x.
I paid 1.5x
It's all down to supply & demand.
He needed to get out immediately.
At the time it seemed I was the only one with enough cash (or desire...)to give it to him straight away.
In under an hour he had £1k cash in his hand.
Paid the rest the following day.
The following week I'd started cleaning.

2 years ago a really good mate was selling up.
He was 'desperate to sell to me' as I'd worked his round quite a few times while he was on holiday. Not desperate to sell though-he didn't need the money.
He wouldn't drop from 5x though.
Even offered for me to work it off in full.
I wouldn't budge past 3 though.
I could afford to but didn't want to.
He sold to someone else for 5x
He could afford to wait, so got what he wanted.

I canvassed nearly as much as his round was worth in under a year after that.

I know the guy who bought it @ 5x and he seems to have made a success of it.

Supply & demand will ultimately dictate the price paid.

I really like this story

[Lee Burbidge]

I sell houses at x4, simple.

A couple years back a new starter in my area bought ten £10 houses off me for £400. He has since packed it in and ive got a few of them back on my books. 

What a waste.

[Lee Burbidge]

i paid 5 x and so far it seems to be working out ok . lost some, picked up others. put some prices up. some prices down.  paid 15 grand for it . got a 500 quid back after complaining a few customers hadn't paid up.. got a nice varied type of work.not all wfp (thankfully)

15k is a lot of money... how did you structure your deal. Did you pay straight up?

[Lee Burbidge]

Surely all your doing is undervaluing the business? If i was to sell up I'd want what I think its worth and it certainly wouldn't be 2 or 3 times its worth. Ive had the vast majority of my work for over 10 years and I'm not giving it up for a pittance.

So you have 40ks worth of monthly work and you've cleaned it for years, its now retirement time and your saying you would be willing to sell it for 6600. No way would you do that you would be mad

Big numbers like this would need to be looked at differently if you want to sell it. 40K per month is 480,000 per annum. I would want to know what your profit is and buy it for that. So minus your wage and expenses and business overheads. What ever the profit left over is probably what a business this size may be worth. But then who am I to say. Its worth what some one will pay for it. Me? I would buy it based on your annual profit

[Lee Burbidge]

I sold a big round a year ago and got 5x for it easily, infact I still get 2 or 3 enquiries a month asking if the round is still available. I listed it on wforsale.co.uk and found a buyer within a week.
There is no way I would have let it go for any less after all the hundreds of hours of canvassing and leafleting i'd put into it and the years of refining it into a guaranteed income. I can't believe how low some of you must value your business's if you think that 2 or 3 times is a reasonable value, that's the kind of price you pay for canvassed work surely, not quality, established work.

There is a free place to buy and sell rounds here

https://www.facebook.com/groups/1495345394023448/

[Dave Mills]

Surely all your doing is undervaluing the business? If i was to sell up I'd want what I think its worth and it certainly wouldn't be 2 or 3 times its worth. Ive had the vast majority of my work for over 10 years and I'm not giving it up for a pittance.

So you have 40ks worth of monthly work and you've cleaned it for years, its now retirement time and your saying you would be willing to sell it for 6600. No way would you do that you would be mad

Big numbers like this would need to be looked at differently if you want to sell it. 40K per month is 480,000 per annum. I would want to know what your profit is and buy it for that. So minus your wage and expenses and business overheads. What ever the profit left over is probably what a business this size may be worth. But then who am I to say. Its worth what some one will pay for it. Me? I would buy it based on your annual profit

You may need to check your maths and those of the OP.  Hes talking about 40k a year and selling it for 6,600 (two months turnover).

Why would you sell £40K per annum for a one off payment of £6,600 when you could rent for £10K every year for the rest of your life?  Mad.

[keyser soze]

i paid 5 x and so far it seems to be working out ok . lost some, picked up others. put some prices up. some prices down.  paid 15 grand for it . got a 500 quid back after complaining a few customers hadn't paid up.. got a nice varied type of work.not all wfp (thankfully)

15k is a lot of money... how did you structure your deal. Did you pay straight up?

14k straight up and 1k after a month i did another deal with him and he knocked 500 off  . and i took ages to pay him for that after a few probs with his custys

[keyser soze]

surely it must depend on the quantity/quality of work .. if its a total business . thats got to be worth more . if its a day or twos work then the value would be less.

[PoleKing]

About 7 years ago I bought a quite a big round.
It still makes up a large percentage of my business now.
The guy selling wanted 5x.
I paid 1.5x
It's all down to supply & demand.
He needed to get out immediately.
At the time it seemed I was the only one with enough cash (or desire...)to give it to him straight away.
In under an hour he had £1k cash in his hand.
Paid the rest the following day.
The following week I'd started cleaning.

2 years ago a really good mate was selling up.
He was 'desperate to sell to me' as I'd worked his round quite a few times while he was on holiday. Not desperate to sell though-he didn't need the money.
He wouldn't drop from 5x though.
Even offered for me to work it off in full.
I wouldn't budge past 3 though.
I could afford to but didn't want to.
He sold to someone else for 5x
He could afford to wait, so got what he wanted.

I canvassed nearly as much as his round was worth in under a year after that.

I know the guy who bought it @ 5x and he seems to have made a success of it.

Supply & demand will ultimately dictate the price paid.

I really like this story

 Cheers Lee.
The guy who paid 5x is on here.
He may or may not wish to post his thoughts.
I'd be interested to know %kept and any agro etc... But understand if you don't want to say.

[keyser soze]

hi darren tis me andy . yeah i don't regret paying george the money he wanted . i did lose some mainly because of 2 factors 1 being they went bust / closed down . or because of nationals taking over.  i have pulled in more work from being on the high st though ..
and i get a lot of enquiries for residential ... what would you think 15 k investment would bring in over 2 years? (gross).

[keyser soze]

the business i bought from george is very much more efficient now than when he had it..

[PoleKing]

hi darren tis me andy . yeah i don't regret paying george the money he wanted . i did lose some mainly because of 2 factors 1 being they went bust / closed down . or because of nationals taking over.  i have pulled in more work from being on the high st though ..
and i get a lot of enquiries for residential ... what would you think 15 k investment would bring in over 2 years? (gross).

I'd have a fair idea, not sure posting it on here is a good idea...

I think you made a good choice buying from him.
It was worth 5x IMO. I just didn't want to pay that...

[PoleKing]

the business i bought from george is very much more efficient now than when he had it..

I don't doubt that for a second bud.
Tamsin was always lamenting his 'business ways'

[keyser soze]

did you hear matt ashby has given up his window cleaning and sold his round

[PoleKing]

did you hear matt ashby has given up his window cleaning and sold his round

I guessed.
Saw his van on Dave's drive last week.
Matt's gone toe nail cutting hasn't he?

Did Dave buy the work too?

[keyser soze]

did you hear matt ashby has given up his window cleaning and sold his round

I guessed.
Saw his van on Dave's drive last week.
Matt's gone toe nail cutting hasn't he?

Did Dave buy the work too?

was hoping you'd tell me who bought it

[PoleKing]

did you hear matt ashby has given up his window cleaning and sold his round

I guessed.
Saw his van on Dave's drive last week.
Matt's gone toe nail cutting hasn't he?

Did Dave buy the work too?

was hoping you'd tell me who bought it

Oh, no sorry bud.
You know I don't roll in Dave's circles anymore.
Only guessed as the van was in his drive.
Does make me laugh though.
A year ago Dave was calling Matt black & blue.
Soon as he thinks he can make a few quid he's his best mate.
Fickle.

[keyser soze]

matt always seemed a nice guy . not sure what to make of dave

[PoleKing]

matt always seemed a nice guy . not sure what to make of dave

I only spoke to him a few times-he seemed ok. His Missus is lovely.
Dave-I'll leave to you...
Do you do anything with/for him?

[keyser soze]

matt always seemed a nice guy . not sure what to make of dave

I only spoke to him a few times-he seemed ok. His Missus is lovely.
Dave-I'll leave to you...
Do you do anything with/for him?

no nothing but i have spoke to dave.