[JSMC]

what advice and things shou;d you do prior to buying a round. I have a friend intereste in buying a trad round from someone.

they reckon the book is worth 18k. I think it's mainly domestic. Whats the in's n outs.

Oh yeah he also plans on leaving his job to do this.

[gerard mcmanus]

he will difinately want to verify the round, make sure its ligit, if possible be taken round it, ask to see his books/accounts with tax returns etc.

How much is he paying for it and what is the monthly income, from it.

[JSMC]

dunno what he should offer for it. how do you normally work that out ?

[gerard mcmanus]

well if its say 2k per month they will probablly ask 8k, 4x the monthly income. But to be honest unless it was very tightly nit and well priced I wouldnt pay more than 6k myself. How long it has been established and how well it has been maintained has to come into it as well.

If it was a windie retiring and did the round for 20 year etc then yeah maybe 8k but it might not be too well priced, if its customers he has had for 20 years. So ask them if they do yearly price rises.

You said something about 18k, is that what they are looking for, and you also said they so has it been done with more than one person? so your pal might have to employee to do it if thats the case.

[JSMC]

as far as i know it's someone retiring and is done by himself.

[gerard mcmanus]

and he wants 18k 

[foxy]

in south yorkshire a domestic round costing 18k should bring in nearly 2k a week (10 x weekly take). that is an awful lot of houses.

[JSMC]

no the book is worth 18k on accounts

[gerard mcmanus]

I dont understand what you mean by that, does he take 18k a year then, (profit/sales?)

[JSMC]

yes 18k p/a

[foxy]

if the round pulls in 18k a year thats about £330 per week. the round should cost £3,000 - £3,500. if it's mostly domestic there will be no binding contracts; you are paying for the goodwill. tread carefully.

[gerard mcmanus]

if thats sales, its just under £1400 every four weeks. I would offer 4k if its less than 5 year old. Then maybe 5k if its over, and 5.5k if it has been well maintained, priced rised over the years and tightly nit.

Might want to chance it at 4k to start then rise if they wont budge, in this climate not many will want to buy work.

[EZclean]

agree with ladder garder, good advice.
unless its top top domestic work. i wouldnt part with more than 3 cleans. (monthly) so 4k sounds a fair price to me, but not that good to retire on is it  :
friend of mine had ace dometic work in the Yorks Dales. 10cleans he sold it for. brew and cake at every house, awesome scenery. 1 days work a month it was, i'll not say what it took in the day, but it was a big hit.

[Moderator David@stives]

jsmc

Can I have a chat on msn

[R W C]

Tell him to be really careful, someone local just parted with 10k and a lot of the jobs didnt exist.

[sparklebright]

I would offer 2.5 times and INSIST on being taken round and introduced.
Even then you will lose some of the work.

Bought a round December off a guy retiring, all underpriced but workable, he took me round introduced me, but people will still dump you because they wouldn't dump the old fella, well cos he's an old fella.
Having said that, kept most of it, and it's slotted in well, after a couple of months of very hard work.
Though I think he did it for fun, people have expected all sorts of silly extras that only someone with time on their hands would be willing to do for free. Like taking down nets and doing some insides! For free

[trevor povey]

It works out at 1500.00 per month so Dave Shaw would be the best man to quote on valuation as hes from Barnsley X3 or 4 I would of thought so somewere between 4.5 6k.

[d s windowcleaning]

It works out at 1500.00 per month so Dave Shaw would be the best man to quote on valuation as hes from Barnsley X3 or 4 I would of thought so somewere between 4.5 6k.

£1200 per month was sold a couple of weeks ago for £3000 , the lad who bought the round as lost a few .
normal selling around here would be x 3 then a bit deducted in case of any lost , so for the round at £1500 you would probally be paying around £4250 .