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Poll

how much

would you sell
38.5%
5 (38.5%)
.....
30.8%
4 (30.8%)
.....
30.8%
4 (30.8%)

Total Members Voted: 11

Voting closed: June 24, 2007, 06:18:53 pm

NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #20 on: June 19, 2007, 11:02:49 pm »
I don`t care who told you 1-2 times the amount no offense in my opinion that`s rubbish.

Re: Window Cleaning Round For Sale
« Reply #21 on: June 19, 2007, 11:09:26 pm »
I'm with Matt on this one, i would never pay more than 2x & at that price it would have to be well priced etc.

Macc

matt

Re: Window Cleaning Round For Sale
« Reply #22 on: June 19, 2007, 11:10:16 pm »
I don`t care who told you 1-2 times the amount no offense in my opinion that`s rubbish.

no offense taken

a round is worth what some1 will pay for it, just like anything really and if the going rate is 3 X the amount ( online ) then that s the price

just out of interest, how much is 5 K of work worth in your eyes

as i have a little work in london thats been given to me, will be interesting to see how much you think its worth ( 10 X the amount ?? ?? )

* mike RH

  • Posts: 137
Re: Window Cleaning Round For Sale
« Reply #23 on: June 19, 2007, 11:37:32 pm »
Quote
you might think its strange but im looking at it in a business point off view. Do you think  60k ayear business is only worth 15 / 20k. I dont.... you must be strange if you do

Although window cleaning rounds are based on goodwill, if the round is 100% legit and the transition is done right, I agree that 20K is too little.

People spend that kind of money on a franchise and pretty much all they get is a van and a manual on how to run a window cleaning business (that they have to find customers for first)

It's a sizeable enough round fo someone to leap out of a job and straight into another.
I think you need to find the right kind of buyer.  Likely not even a window cleaner.   ;)

Look for the kind of person that would buy a franchise. Someone with enough confidence in their own  business acumen and management skills to spend big figures. Someone with drive.

They will see the investment value.  Even if they bought on credit, the profits would more than cover the monthly repayments.

Offer to provide a couple of weeks training if you can and price that into your figure.  

You need to tell us more about the kind of work it is and what the actual net profit of the business is.



If it's good commercial work, I would go for at least 12 times the net profit.

eg. say the net profit is £3000 after paying a lad to help you, fuel and other expenses etc.

3000 x 12months = £36,000  

That way, the buyer can take out a 3 year loan and pay a third (a bit more with the interest) of the profits each month to repay the loan and still have an income of just under £2000 (because of interest).

After 3 years they are raking in £3000 a month, have likely expanded the business and still got the goodwill of the business to sell.

Don't underestimate the value of a good round. There are people out there that would snap your hand off.








NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #24 on: June 19, 2007, 11:43:04 pm »
It makes me chuckle to think that people quiet willing to go out and buy a van and system for say £25000 with hardly any work all beit crap work,but they dismiss the thought that a business that earns them 5-6k a month is worth it`s weight in gold.If people say your only buying good will there not putting much value on there business,some might think it`s a gamble paying a good amount for a round but paying that much for a van without the work to back it up is madness.

darren72

  • Posts: 155
Re: Window Cleaning Round For Sale
« Reply #25 on: June 19, 2007, 11:51:13 pm »
Up here in scotland i no two guys who have bought rounds in the last couple of years they paid what you make in the full year.One of them paid £40 grand.

NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #26 on: June 19, 2007, 11:53:24 pm »
5-6k a month income and someone offers you 50-60k for it,honestly you would still have to think about it.If your not retiring age and have to find another income what are you going to do that is going to generate the income your used to,if someone was serious on buying they would work it with you for a couple of months and wouldn`t be able to write you out a cheque quick enough.

NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #27 on: June 19, 2007, 11:55:13 pm »
Nice to read some posts from people that live in the real world,the last couple of amounts mentioned are more realistic.

Mike_G

  • Posts: 1500
Re: Window Cleaning Round For Sale
« Reply #28 on: June 20, 2007, 05:45:48 am »
I have never used these round builders type people but if they can put a round together for twice monthly income then why would you expect to pay much more than that for a round. I agree a round worth 60k a year should be worth more, but companies move away, change cleaning contractors and some even get the nationals in so you never know how long the work will be available etc and even at 4 - 5 times value you are likely to be pricing yourself out of most people budget too buy and then I guess it would be a buyers market.

ronnie paton

  • Posts: 3245
Re: Window Cleaning Round For Sale
« Reply #29 on: June 20, 2007, 10:58:02 am »
if you buy any business you could lose customers, say you but a cafe has a profits of 50k a year you want be paying just over 4 grand will they??
i mean  yuor turnover isnt guarenteed there is it??

if you ve been cleaning the same round for say 5 years thats as guarenteed as it gets, its down to the person who buys the work to put the time and effort into kepping that work or even expanding!!

trust me on this i wont be selling my work for x1 when i retire and i will defo get at least my yealy profits back!!
and if there is any one selling good work for x1 in greater manchester ill snap it up  ;)

Richy L

  • Posts: 2257
Re: Window Cleaning Round For Sale
« Reply #30 on: June 20, 2007, 11:06:13 am »
you might think its stupid to buy/ sell for 3/4x mothly earnings, but try to sell your business for 100k+ and see were you get.
The thing is with window cleaning, a house you clean for £10 a month is hardly worth £120 is it?

* mike RH

  • Posts: 137
Re: Window Cleaning Round For Sale
« Reply #31 on: June 20, 2007, 11:34:26 am »
Quote
a house you clean for £10 a month is hardly worth £120 is it?

A single speck of gold isn't worth much either but a solid gold nugget is.

(In my previous post I used 12 x net profit in reference to good commercial work.)

ronnie paton

  • Posts: 3245
Re: Window Cleaning Round For Sale
« Reply #32 on: June 20, 2007, 03:44:19 pm »
you might think its stupid to buy/ sell for 3/4x mothly earnings, but try to sell your business for 100k+ and see were you get.
The thing is with window cleaning, a house you clean for £10 a month is hardly worth £120 is it?

is it worth £120??? no more!!they will proberly have that customer for 10s of years.

I understand there is no guarentees customers come and go they may die or move or just cancell but iv found from experience that for everyone that cancells youll get about three new customers.

 


Mike_G

  • Posts: 1500
Re: Window Cleaning Round For Sale
« Reply #33 on: June 20, 2007, 04:26:28 pm »
Ronnie, if you are ever looking to buy a round let me know I think I will be able to retire at 45 if you are buying.

ronnie paton

  • Posts: 3245
Re: Window Cleaning Round For Sale
« Reply #34 on: June 20, 2007, 05:59:34 pm »
well i wont need to because iv built my round up from hard work and and lots of effort and its still going strong!!

some people on here just dont help the window cleaning trade with there ridiculous low value of there work.

If window cleaning business were sold for wot there worth there would be less bodgit and badgits about and more proffesional reliable health and saftey and tax paying window cleaners about.

Highrise

  • Posts: 330
Re: Window Cleaning Round For Sale
« Reply #35 on: June 20, 2007, 07:27:27 pm »
Ronnie, if you are ever looking to buy a round let me know I think I will be able to retire at 45 if you are buying.


Ditto, Mines for sale £ 180k ronnie
When your windows are clear, My conscience is clear...

robbie14000

  • Posts: 314
Re: Window Cleaning Round For Sale
« Reply #36 on: June 20, 2007, 08:06:04 pm »
Hi, Had a good read of the above posts.
Window cleaning is changing drastically in the uk.
10 years ago you could get set up for a couple of hundered quid and off you go.
Today we have window cleaning BUSINESSES that run their companies properly (advertising,tax,insurance,vat,sign written vans,uniforms,wfp systems which cost thousands.)

It seems to me that people really undervalue their own businesses.

I left a good job to start my own business and put every ounce 0f what I can into it at every oportunity I get.

It was hard the first year and wondered if I had done the right thing but now would do nothing else.
You look after your customers and you will have work coming out of your ears.

I do not quite understand why people would buy business when there is so much to go at by going out and getting it yourself , but on the other hand I have worked damn hard to get where i am now and would not sell for the rediculous amounts mentioned on here.

If you do have a large going concern (above 5K a month it would only be a big company that would consider paying good money to take it off you so i would be getting in touch with the big hitters of the window cleaning industry to try and sell it.

I have a lad that works for me who has a very rich daddy and he wanted to buy into my business for his son.
He offered me 2 years books and I turned it down (100k).
Why would I want to half my income year on year for 100K as i would lose out big time in the long run.
Did the right thing as the business has grown considerably since last year.

Highrise if you cannot get a good price 15-20 times monthly cost do not sell it but get people in to run it and carry on growing as you are obviously doing things the right way.
There is thousands of businesses and households out there just waiting for you to come knocking.

Good luck what ever you decide
Robbie


matt

Re: Window Cleaning Round For Sale
« Reply #37 on: June 20, 2007, 08:16:05 pm »

Highrise if you cannot get a good price 15-20 times monthly cost do not sell it but get people in to run it and carry on growing as you are obviously doing things the right way.
There is thousands of businesses and households out there just waiting for you to come knocking.



15 - 20 times the monthly cost  :o :o

i would honeslty love to meet some1 who would pay that

afterall why couldnt they go and knock on some doors ( or employ doorkockers etc etc ) to do it and pay 2X the amount

we all live fairly local to a new build estate, where you will allways get work

Now before some1 says " why didn you do that ", at the time i was a carpenter, who was helping out the MIL's partener who had too much on, didnt want a area of work, so i took it to fill in between carpentry jobs, he then broke his leg so i helped him keep his round active, i was then offered some more work by the guys i have mentioned in this post

the rest is history

NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #38 on: June 20, 2007, 08:16:49 pm »
There was a post on here refering to round builders saying they can build your round and you only pay twice the take therefore that`s what you should only ask for,take it from me a freind of mine rang them just out of interest and it was not possible for them to supply the kind of work he was looking for.They will only get you run of the mill type work,they might argue the fact but on enquiring that`s what he was told in a round about way.

NWH

  • Posts: 16952
Re: Window Cleaning Round For Sale
« Reply #39 on: June 20, 2007, 08:19:06 pm »
Matt no offense mate but i think your confusing a general everyday round with a round that can churn out 50-£60 an hour day in day out.