soapy, i know what your saying ,but if i were to buy a window round i would expect to pay 2 to 4 times the monthly turnover .so with that principle the buisness would be worth 30 to 40 k
Recently A sole trader business was sold into a limited window cleaning business.The way they come up with the figure which was The Net Profit ( After all deductions, wages, admin costs, depreciation, etc) for the last 2 years divided by 2, to give an average Net, this was approx 25%of the Gross.Then £50k was taken off this figure, as that what it would cost for a manager to run that business.After that the figure was x by a multiple of 1.5 that was used to come up with a realistic figure of the business's worth