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Definition of a Super-Round
In the 1970s a "Super-Bike" was defined as high performance motorcycle with an engine larger than 500cc.
Here is my definition of a “Super-Round”.
1. The business running the super-round has at least 30 reviews on their google business page and the average rating is above 4 stars.
2. All the customers on the round have personalities that make them a pleasure to do business with.
3. The round has great cashflow; with at least 90% of the customers paying by direct debit; and there are no cash or cheque payers. All customers that pay by BACS pay within 48 hours.
4. NTD’s (Not Today) are rare.
5. Most of the homes the round have clear, open air access via a garden gate.
6. The Average Transaction Value is over £30.
7. The net profit on every job is at least 30%. By net profit I mean earnings/operational profit before tax. Just to be clear; I’m not talking about what you earn. I’m talking about what your NET PROFIT MARGIN is before you’ve paid taxes on profit; and AFTER “owners drawings” (which include National Insurance and your personal tax bill).
EG: The business turns over 100k per year. Your “owners drawings” and all expenses including wages are 70k; so the net profit before tax (earnings before tax) is 30k; giving you a net profit margin of 30% (before taxation on the profit).
8. The travel time between jobs is less than two minutes.
To summarise: A “Super-Round” has 30 reviews with an average rating of over 4 stars. 30% net profit, £30 average transaction value. 90% pay by Go Cardless. Most have clear access.
Just so you know; I don't own a super-round - Yet.