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Buying a cleaning business
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Ashley Davies
Cleanitup Jr. Member
Posts:
10
Buying a cleaning business
«
on:
September 04, 2012, 08:54:06 am »
Hi,
I have been approached to purchase a cleaning business. it comes with around 5 clients with a turnover of £56k and prrofits of £20k, they are asking £15k for the contracts. the only problem none of the contracts they have are fixed in but have been clients of theirs for 5 years. What should I do?
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Simon Blades
Cleanitup Full Member
Posts:
30
Re: Buying a cleaning business
«
Reply #1 on:
September 04, 2012, 10:27:27 am »
Find out who the clients are and take the work. Don't pay 15k for unsecured work.
ps. I'll only charge you 10k for this advice.
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Jane Burrows
Cleanitup Newbie
Posts:
4
Re: Buying a cleaning business
«
Reply #2 on:
September 11, 2012, 03:40:05 pm »
Why not offer to buy on a deferred and conditional basis. i.e you pay the vendor when you've retained the clients for a pre-agreed period of time and earned the money from them.
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Manchester's Office Cleaning Service
Mike_Boxall
*** Forum Administrator ***
Cleanitup Administrators
Cleanitup God
Posts:
1394
Re: Buying a cleaning business
«
Reply #3 on:
September 11, 2012, 05:51:29 pm »
Hi
Jane's right, it's best to try and negotiate some kind of longer term payment plan. You also need to double check the figures as £20k 'profit' is almost definitely gross profit (ie before you've taken other non-direct costs into account)
Regards
Mike
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Buying a cleaning business