[Central Window Cleaners]

I am considering selling my business can anyone advise what I might be able to ask for it please.

It has been established for 15 years +  and has been Ltd for the past 5 years

It  is based in Warwickshire covering approx 30 mile radius of Nuneaton.

average turnover per month is £5000, there are 2 small vans with WFP setups, ladders
and all trad gear etc.
Also RO system and static tank and pump for water production

[cleewindows]

why sell up when your making a good living?
for what you would get for it wouldnt be worth after all your hard work building it all up!
Don't do it mate!

[martinsadie]

why sell up when your making a good living?
for what you would get for it wouldnt be worth after all your hard work building it all up!
Don't do it mate!

hes won the lottery 

[Central Window Cleaners]

Wish I had won the lottery

[stephen s]

I am considering selling my business can anyone advise what I might be able to ask for it please.

It has been established for 15 years +  and has been Ltd for the past 5 years

It  is based in Warwickshire covering approx 30 mile radius of Nuneaton.

average turnover per month is £5000, there are 2 small vans with WFP setups, ladders
and all trad gear etc.
Also RO system and static tank and pump for water production

If I were you mate I would be looking for around 40K   with a 5K monthly income  and vans and accessories then its defo worth that region

there are some con men who were on here not so long ago saying thet were w/c  but were just buying up work then trying to sell for 10 times the monthly value

your sounds like a propor business to go so should be a real bargain to someone really serious about getting into this business.

good luck mate.

[jakeandmia]

Whats happened tony?

[Central Window Cleaners]

Hiya Wayne,

will tell you when I see you next, just considering all my options at the moment.

Thanks Guys any more advise or possibly offers would be much appreciated.

[chrisb2]

Do you have any work for sale in Warwick and Leamington Spa?

[Central Window Cleaners]

Hi Chris,

no nothing in that areas. If I was to sell up it would be as a business as a whole if possible.

[Clive McDonald]

It's probably worth a fair bit.How many does it generally take to operate it and what is the standing of the other/s worker?

[leapstallbuildings]

why sell up when your making a good living?
for what you would get for it wouldnt be worth after all your hard work building it all up!
Don't do it mate!

hes won the lottery 

I won it as well a couple of weeks ago but the £10 won't change my life 

Seriously though - about the business.  It really is a tough call on that.  I mean, what would the vans and equipment be worth between them £6 - £20k depending on age and condition?  Also, the premises?  I assume that isn't part of the sale unless you have bought it outright.  Then there's the work.  £5k a month and very well established.  Assuming good hourly rates can be earned that could be worth a fair premium.  However, 2.5k turnover per man/van per month although OK, isn't anything particularly special but the work is well established and someone could start work the same day they bought it and could build on it or cherry pick the work.  Are there any written/signed contracts with the commercial work?  Would you agree not to trade (as a window cleaner) in the area for a certain period?  Or are you cherry picking the best bits to simplify your life a bit? (nothing wrong with this IMO so long as you don't seek your old customers).
I'm not asking this with a view to buying I hasten to add but these are things that would need to be discussed and agreeed to when calculating a price.
Work often sells for 2 - 4 times monthly turnover.  I unserdtand that there is a bubble in your area and it sometimes goes for 10x.  If 10x + mid range equipment price, plus an agreement not to trade for several years, a shot in the dark tells me  around £55k - £60k.  However, if the work is not top work and you want to continue trading (without encroaching) maybe £30 - £35k.  It really is a tough one to call though.  A top quality round with top quality equipment/newish vans maybe as high as 80k even - though I reckon this would be top whack.  You may even be better off to split it in two as it's possible you could get a bit more for each half.
As ever, it's only worth what someone is prepared to pay and if you would be prepared to take that.

[ronnie paton]

may has well give it away if you listen to some on here..........hey 1wayno

i mean otherwise your responsible fr onest hardworking people not being able to work.

but back to topic the importnt figuer is the Profit then from that you can see how sellable it is

[leapstallbuildings]

may has well give it away if you listen to some on here..........hey 1wayno

i mean otherwise your responsible fr onest hardworking people not being able to work.

but back to topic the importnt figuer is the Profit then from that you can see how sellable it is

It would help a lot if he specified age/condition of vans because that alone could vary the price by 15k.  There are too many variables to be accurate on here.  It's one of those things you need to see up and running really.

[1wayno]

may has well give it away if you listen to some on here..........hey 1wayno

i mean otherwise your responsible fr onest hardworking people not being able to work.

but back to topic the importnt figuer is the Profit then from that you can see how sellable it is

im sorry ronnie im suprised ur not tellin him to sell it for 4x then u can buy it and sell it on for 7x plus,coz hey aparently that what u do..con people 

[Central Window Cleaners]

Thank you again guys for all the info and help and support I would be lost without this forum.

I will consider my options over the christmas holidays.

If I was to sell up it will be as a whole, I would not be keeping any of the work or looking to
continue in window cleaning. I would also be happy to sign a sales contract to that effect.

Hope everyone has a great christmas and you all get plenty of tips.

[ronnie paton]

never bought a round and sold it i buy or long term goals not short term.

Now if i did buy fo x4 and sell for x7 am i a con r a smart businss man

wayno you proberly dont know the difference

[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.

[jakeandmia]

Wayno

If a guy has got his own business then its up to him how much he is willing to sell it for,if he has genuine books etc then its probably worth more than someone trying to offload a few hundred quids worth that hasnt been cleaned for months.I have been doing this work for 10yrs and have a tidy little business and circumstances would depend how much i sold it for,if i was going back to a normal job then maybe 4x the monthly income would be ok as i wouldnt be able to clean it any longer and therefore would want a quick sale,however if i was selling and wasnt desperate then maybe a lot more,as ronnie says it takes a while to build a business not 5 mins and to let it go cheaply to someone after a cheap way into what can be a lucrative business would be wrong.

Wayne

[Steve_c]

Spot on Steveo....

[1wayno]

yeh but iv also bin offered a round that brings in £200 a month and the guy wanted 10x for it..2k!!!! now if thats not bein greedy then i dont know what is,and it was only a bog standard round,im not tlkin about sellin a full buisness,im tlkin about sellin individual rounds here,and askin for 7-10x for a bog standard round with bog standard prices is out of order in my opinion,and i know that alot of people wud agree with that.