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Mike Halliday

  • Posts: 11581
Company for sale.....
« on: January 21, 2014, 07:05:43 pm »
Just saw this on ebay,

http://www.ebay.co.uk/itm/Dry-extraction-Host-carpet-cleaning-business-for-sale-/301074023640?pt=LH_DefaultDomain_3&hash=item46196904d8

how do they get the £17k price?

Nothing against the host system or this company  but it seam all they are selling is equipment.
Mike Halliday.  www.henryhalliday.co.uk

garry22

Re: Company for sale.....
« Reply #1 on: January 21, 2014, 07:56:04 pm »
A one page website buried deep in Google and a lot of Twitter activity starting back in Nov 2013. They did say they had to change the name from Superdry though. Curious.

Kev Loomes

  • Posts: 1353
Re: Company for sale.....
« Reply #2 on: January 21, 2014, 08:14:10 pm »
Even more curious is that she says she is a marketing expert - so I am wondering why she couldn't get it to work for her? Must be a reason I guess.

Carpet Dawg

  • Posts: 2968
Re: Company for sale.....
« Reply #3 on: January 21, 2014, 08:15:44 pm »
The person that created the listing states that they are a "marking expert", but there advert is total crap and that's being nice.

Just a block of text with no detail and a stock image. Talk about selling the sizzle...  If they want £17K for it they'll have to try a lot harder.

Carpet Dawg

  • Posts: 2968
Re: Company for sale.....
« Reply #4 on: January 21, 2014, 08:20:15 pm »
Snap Kev

david muirhead

  • Posts: 1
Re: Company for sale.....
« Reply #5 on: January 21, 2014, 08:22:31 pm »
Hi, this is my first post, so I'm a newbie l would just like to advise the company for sale abovementioned has nothing to do with ZeroDrytime.

David,  owner Zerodrytime.

John Kelly

  • Posts: 4461
Re: Company for sale.....
« Reply #6 on: January 21, 2014, 08:36:00 pm »
You could buy a Zerodrytime franchise with brand new equipment and support for less than that.

cannon

  • Posts: 492
Re: Company for sale.....
« Reply #7 on: January 22, 2014, 12:52:00 pm »
Carpet Cleaning (£29) Plus Upholstery Clean (£34) with Turbodry Carpets (Up to 64% Off)

http://bit.ly/1cUygQv

Currently running a groupon aswell

wynne jones

  • Posts: 2918
Re: Company for sale.....
« Reply #8 on: January 26, 2014, 10:52:49 pm »
Don't know whether she has changed the description but it plainly says she is going through a divorce. She also has load of other stuff like a caravan for sale and says the same thing. Everyone puts a silly buy it now price doubt if she expects to get that.
It's not expensive, you just can't afford it.

Carpet Dawg

  • Posts: 2968
Re: Company for sale.....
« Reply #9 on: January 27, 2014, 01:03:42 am »
Just out of interest.

How would you value a carpet cleaning business anyway? has anyone ever sold one? I suppose you'd not be reading this is you have!  ;D

I think you could get a good price if you have a good turnover/profit, are established the local area and are able to transfer the skills/running of the business  over to the new owner 3 months free training for example.

Would be worth a lot more than just the value of the kit and van.

Helps if you had a contract or two in place.

Ian Gourlay

  • Posts: 5748
Re: Company for sale.....
« Reply #10 on: January 27, 2014, 09:43:58 am »
That was the idea of Maintence Contracts

Gave you regular Cash Flow

I think its easier to Sell an established Domestic Cleaners , or Window Cleaners than a Carpet Cleaners

JandS

  • Posts: 4269
Re: Company for sale.....
« Reply #11 on: January 27, 2014, 09:57:43 am »
At the end of the day if your buying the business with all the contacts your only buying goodwill.
If they don't like you or are looking for a nice way to end the contract this is the time they will do it.
Impossible done straight away, miracles can take a little longer.

jim mca

  • Posts: 827
Re: Company for sale.....
« Reply #12 on: January 27, 2014, 10:03:27 am »
Value of the Equipment and goodwill unless you have commercial maintenance contracts 

Doctor Carpet (Ret'd)

  • Posts: 2024
Re: Company for sale.....
« Reply #13 on: January 27, 2014, 11:59:30 am »
Just out of interest.

How would you value a carpet cleaning business anyway? has anyone ever sold one? I suppose you'd not be reading this is you have!  ;D

I think you could get a good price if you have a good turnover/profit, are established the local area and are able to transfer the skills/running of the business  over to the new owner 3 months free training for example.

Would be worth a lot more than just the value of the kit and van.

Helps if you had a contract or two in place.

I did!

....And I'm still reading this forum ;D

There are lots of ways of valuing a business. I sold mine as several times the annual turnover.

I sold it to my co-worker of 8 years standing, so he knew exactly what the business was capable of and had the advantage of perusing multiple years of Audited Accounts. He'd also contributed to a lot of the success of the business.

Now he is the "boss" and I am the co-worker. He picks me up in the morning, we clean during the day then he drops me off at night and goes home to do his admin. Oh, and he pays me a good wage as well. Not a bad life 8)

I'll do this for a maximum of 5 years (already completed 1) and then I shall definitely be out.

Rog
Diplomacy: the art of letting other people have your way

John Kelly

  • Posts: 4461
Re: Company for sale.....
« Reply #14 on: January 27, 2014, 12:15:50 pm »
Yes there have been several sales of established carpet cleaning companies. Martin Lightbown sold his last year and he's now sunning it in Portugal and Spain with his caravan.
The thing is you need to sell when the business when it is doing well and profitable. I see so many with really good businesses who just run them down as they near retirement and end up just selling their kit and a list of names.
There are always lots for sale some here as an example:

http://uk.businessesforsale.com/uk/Carpet-Cleaning-Business-In-Cardiff-For-Sale.aspx

http://uk.businessesforsale.com/uk/Relocatable-Carpet-Cleaning-Business-In-Essex-For-Sale.aspx

http://uk.businessesforsale.com/uk/Carpet-And-Upholstery-Cleaning-Specialist-In-Gloucestershire-For-Sale.aspx

http://www.businessclick.co.uk/search/carpet-cleaning-business-for-sale.html

jim mca

  • Posts: 827
Re: Company for sale.....
« Reply #15 on: January 27, 2014, 06:35:00 pm »
John

I was speaking to an employee of the people who bought a business down south it came with TM and van he said they got it at around 6 months profit

Carpet Dawg

  • Posts: 2968
Re: Company for sale.....
« Reply #16 on: January 27, 2014, 06:57:39 pm »
Funny that John, when I posted that last night I found those exact links at businessesforsale.com.

Its like any other business really, if you market the sale right why cant you sell it for a decent wack. You worked your ass off building it up, making it a known "brand" in your local service area. It becomes an asset. It will take longer to sell obviously but worth it.


Ian Rochester

  • Posts: 2588
Re: Company for sale.....
« Reply #17 on: January 27, 2014, 07:11:32 pm »
There are some high asking prices there, interested to know if any of them actually sell for those prices, £59,000 turnover with £50,000 profit, yours for £55,000.

Give it another couple of years and I'll be putting mine up for sale. 

Anyone interested in a multi functional cleaning/restoration business in the beautiful county of Northumberland  ;)

Steve9

  • Posts: 27
Re: Company for sale.....
« Reply #18 on: January 27, 2014, 07:28:58 pm »
That Essex one has been up for sale a long long time.

I think the best way is the way 'The Technician Formerly Know As...'
has done it. Lots of advantages inc from the customers point of view, not much has changed and they already know the 'new' face.

jasonl

  • Posts: 3183
Re: Company for sale.....
« Reply #19 on: January 27, 2014, 07:47:49 pm »
I sold a cd franchise for 60k  -turnover 120k

Sold an independent for 50k- turnover 80k

Bought several phone numbers and websites over the years , always under about 5k , people will pay for a cash positive business fully organized with good vehicles and equipment , ongoing work and  cash coming in regularly
I clean carpets
I dry Buildings