Hi Billy
Be careful when buying existing rounds, you need to look at the work, the person selling & the investment to turnover closely.
It does work, i,ve brought 4 over the years.
1, £800.00 per month cost £3000.00 in 1991. A lot of money but all work on one new estate. Work surrounding esate picked up also. Within 2 years that round exceeded £2500.00 per month. So good investment.
2, £500.00 per month paid £250.00 increased to £1000 then sold on for £1000.00 cheap.
3, £600.00 per month paid £500.00 increased turn over to £3000.00 per month
got offered other work & should of sold but let slip. lost nothing though.
4, 8 x houses value £200+ per month, picked up 4 more value £185.00 per month, + possible additional contract. Paid £300.00.
It does work, i have taken on work without proper handover but paid low, but withheld 50%, till after first clean. First round was proper & gave me a base to expand.
I would approach other w/c,s & ask if they have spare outside there normal work area. I once advertised in local press wanting rounds. I did have a call once asking me to pay £30,000.00 for one in wolverhampton, keep clear.
Its a case of looking & take your time.
I recently offered commercial @ 3 x its value, plus van for 6k, includeing s twin wfp system. Total package £10,000.00 giving a return of £1600 to £1800 per month, at £300.00 + per day. I,ve since been told it was advertised to cheap by £15000.00 to £20,000.00 but i wouldnt pay that. It didn,t sell either, but i did have a couple of calls. I am waiting on other work at minute so may try again later.
Hope this helps.
Its very easy to build up work, but buy as & when you need turn-over etc.
Gary