[1wayno]

you have contridicting views of selling rounds,u believe that u shunt pay no more than 4x for a round..but u wudnt sell for any less than 7x..jus contridicting. i jus dont see why some people have to be soo greedy,it dus ruin it for other people,and it jus mainly the noth west which is like this,and i think it out of order. my mate got offered a round that brought in jus under 2k a month and the guy wanted 18k for it,my mate jus laffed,i cant see how people have the nerv askin for that kinda money.

You under value yourself m8, if you have great work and great pricing sure as eggs are eggs it will be more expensive. unless your work is crap as is your pricing, I would not know either as I do not know you are what you do. do you see the point ?

im sayin if it a bog standard round with bog standard prices then it isnt worth anymore than 4x,its jus not,if it a round that has really good prices,compact,good payin custies,and so on,then yeh it worth more. and im not tlkin about sellin a buisness as a whole,im on about sellin individual rounds,and in the north west for a bog standard round u lookin at least 7x and i think that out of order coz its not worth that. iv bin offered a round that brings in £200 a month,prices jus average,and the guy wanted 2k...10x! now if that sounds fair to u guys then u must be out of ur minds,coz ud av to be if u were guna consider buyin it.

[Rob_Mac]

I am one of the few people, on here, that have sold an established round and I can say that it isn't one particular thing, price or quality of work that will get you the sale you want but multiple factors.

I employed a guy who managed my round for two years, he knew what the business was taking and could see the potential. He was married to a succesful business woman (in her own right - family business) and he could see that this was his opportunity to be independant of me and his wifes money.

The round I sold was substantial in takings, very compact, excellent takings - just moved over to cheque payments by addressed envelopes, with a 50% split cash to sent cheques.

He got a 03 reg van and a two man set up, with 300gpd filtration system.

I found myself in a situation where I wanted to sell, I happened to be able to sell to someone who saw the business from the inside and happened to be in the position of buying by cash transfer, for the price I wanted.

I expected to sell for the price I wanted and I got that price. It was not and would never have been anything like two or three cleans. Do not sell yourselves short. If it is good you will find a buyer or they will find you.

Rob

[macmac]

I am one of the few people, on here, that have sold an established round and I can say that it isn't one particular thing, price or quality of work that will get you the sale you want but multiple factors.

I employed a guy who managed my round for two years, he knew what the business was taking and could see the potential. He was married to a succesful business woman (in her own right - family business) and he could see that this was his opportunity to be independant of me and his wifes money.

The round I sold was substantial in takings, very compact, excellent takings - just moved over to cheque payments by addressed envelopes, with a 50% split cash to sent cheques.

He got a 03 reg van and a two man set up, with 300gpd filtration system.

I found myself in a situation where I wanted to sell, I happened to be able to sell to someone who saw the business from the inside and happened to be in the position of buying by cash transfer, for the price I wanted.

I expected to sell for the price I wanted and I got that price. It was not and would never have been anything like two or three cleans. Do not sell yourselves short. If it is good you will find a buyer or they will find you.

Rob

Good post, I think the buyer was the key to your value.

[Moderator David@stives]

If you look at the big monthly cleaning mags you will see most business asking for just less then half of there yearly turnover.

ie, this month there was a cleaning business asking £180k for a £400k turnover,


i know turnover means nothing, but that is the general rule.

[ronnie paton]

If you look at the big monthly cleaning mags you will see most business asking for just less then half of there yearly turnover.

ie, this month there was a cleaning business asking £180k for a £400k turnover,


i know turnover means nothing, but that is the general rule.

Sorry Dave but what a load of bull, so your saying half the turnover ven though this caould mean a business with 400k could be making 10k, 20 k, 50k or even -20k.
i wouldnt use this as a general rule.

you have contridicting views of selling rounds,u believe that u shunt pay no more than 4x for a round..but u wudnt sell for any less than 7x..jus contridicting. i jus dont see why some people have to be soo greedy,it dus ruin it for other people,and it jus mainly the noth west which is like this,and i think it out of order. my mate got offered a round that brought in jus under 2k a month and the guy wanted 18k for it,my mate jus laffed,i cant see how people have the nerv askin for that kinda money.

You under value yourself m8, if you have great work and great pricing sure as eggs are eggs it will be more expensive. unless your work is crap as is your pricing, I would not know either as I do not know you are what you do. do you see the point ?

im sayin if it a bog standard round with bog standard prices then it isnt worth anymore than 4x,its jus not,if it a round that has really good prices,compact,good payin custies,and so on,then yeh it worth more. and im not tlkin about sellin a buisness as a whole,im on about sellin individual rounds,and in the north west for a bog standard round u lookin at least 7x and i think that out of order coz its not worth that. iv bin offered a round that brings in £200 a month,prices jus average,and the guy wanted 2k...10x! now if that sounds fair to u guys then u must be out of ur minds,coz ud av to be if u were guna consider buyin it.

My god you got a stutter?

[Rob_Mac]

I agree Mac. The round is only worth what someone is willing to pay or can pay but if you try and sell a window cleaning round on here to people that don't think they are worth more than 2 or 3 cleans then you are on a hiding to nothing.

When I get in the same position again I doubt very much it will work out the same and I consider the circumstances exceptional!!!.

I wont sell on here, I will take advice from my accountant - even he was shocked by how much I sold it for!!! and I will visit Business Link and other advisory agents to find the best platform.

I enjoy these posts and do not want to get into an argument but I built my round from nothing and had nothing when I started. The round became a business and gave me the jump to where I am now. I am grateful for how it changed my life and the lifestyle it gave me. I spent 7 years building my work up and it had value, some of which may have been sentimental but clearly it also had value to someone else and it is giving them a very good income now.

I treat every day with my business as the most important day and I am constantly improving. I am dedicated to making what I do the very best and that shows through in how I interact with others, at all levels. I would never intentionally be disrespectful to anyone, whether on a forum or face to face. In all things I am professional and quality will always stand apart.

I have read posts over the last few days that have made me look at people and think if that is how they respond to strangers they have never met, how are they with their customers and how must they run their businesses.

I am probably in the position of being able to buy some of the rounds on here but judging by the peoples attitude selling them I wouldn't touch them.

Rob

[ronnie paton]

Rob did you have a good holiday i had a couple of pressure washer jobs to quote but you was a way, didnt go ahead due to the weather any way.

[Rob_Mac]

I wont be going back , Jamaicas not the place for me- enough said, though it was lovely and hot!!!!

Can you get back onto the jobs or are they lost??

Rob

[ronnie paton]

one of them is a small job they did want done before christmas but that couldnt happen so i can do that in the new year.

the other job i got some one to price for me has was quite big and i dont really have the equipment, they said they would leave to the new year but dont know if they didnt like the price...........all though i thought it was reasonabe.

[Rob_Mac]

If you get anymore i'll come and work with you Ronnie. Just want to show off my December suntan!!!!

Have a good Christmas and prosperous New Year

Rob

[ronnie paton]

you too rob and im sure a opertunity will come up soon and i will look forward to gaining some of your experience.

All the best pal.

have a good christmas and i hope next year brings lots of good work 

[Moderator David@stives]

Ron

Your such a lovely guy arent you, merry xmas to you too as well.

Load of bull ?  I was just quoting some figures out of the cleaning mags, in the mags that was the genaral rule of thumb.

If you think i am a liar i will photocopy it for you.

[ronnie paton]

dave read what you have said, you run a business and by what i see a good one so come on would you but a business off turnver?? so how can you say they sell for half there turnover has a rule?

i could go on many business websites and email you them and show you what you said has being ridiculous.

maybe we should do i post on how many would buy a business for 50% of turnover.

And Dave i am a nice guy thank you. the thing is i say it as it is and many dont like that just like some dont like people bragging about how good there doing

by the way there are no hard feelings merry xmas to you

[Moderator David@stives]

Ronnie

I am just quoting figures i have seen i have the mag in front of me

1/ cleaning company T/O £150k     wants £85k

2/ supplies company T/o  £600k   wants £400k

3/ Dry cleaners T/O £50k    wants £30k

rightly or wrongly there is a general pattern going on, what they ask and what they are achieve are 2 totally unrelated figures.

Have a look at this website   www.knightsbridgeplc.com


I would love to sell my business, but i cant see where someone is going to pay me the amount of money to make it justifiable selling.

From my research, I don't think I would achieve 1 years Net Profit.

If someone was to offer me 2 or 3 times I would rip there hand off right now.

[1wayno]

end of the day its known that the general price for an individual round is no more than 4x but sum want more than that,in the north west they want ALOT more than that,that jus how it is and it not gunna change,it isnt right or fair no,but that jus what its like around here. north west obviously dont go of the rule of thumb,they make they own crap up so yeh   selling a buisness as a whole not an individual rounds is different.

[macmac]

Ronnie

I am just quoting figures i have seen i have the mag in front of me

1/ cleaning company T/O £150k     wants £85k

2/ supplies company T/o  £600k   wants £400k

3/ Dry cleaners T/O £50k    wants £30k

rightly or wrongly there is a general pattern going on, what they ask and what they are achieve are 2 totally unrelated figures.

Have a look at this website   www.knightsbridgeplc.com


I would love to sell my business, but i cant see where someone is going to pay me the amount of money to make it justifiable selling.

From my research, I don't think I would achieve 1 years Net Profit.

If someone was to offer me 2 or 3 times I would rip there hand off right now.

I agree, a very realistic statement.

[macmac]

Macmac, Dave’s basically saying he would prefer 3 years net profits to even consider selling.  :

That's what I'm talking about dude, he's realistic enough to realise that would be unlikely.

[wizard]

Ewan 96000 quid you must be joking and the vans made of gold, 20 t0 30 grand max.

[wizard]

I must of missed something,

[ronnie paton]

well were so bad for wanting more wayno some say its realistic othes say were stopping hard working people from working(funnist thing iv ever heard).

I guess we will only know what our business is worth whn we sell it, but then i think a neil wiliams is proof of how much our business are worth.