Turn over 80 or take 80 in wages?
Good point world of difference
Jay I'm sure you mean 80k profit as he would want to naturally match his current salary.
To be on the safe side he will need to be turning over £110,000 a year and doing all the work HIMSELF. He'll also need to pay VAT leaves around 91k net then expenses...
He will be working harder and longer hours on the glass probably 45 hours a week working everyday.
240 working days in the year at a high £458.00 day rate. If he has a van rite off he'll need to make more..
In a nutshell there is no way he can establish £110,000 per year of Regular work by himself within a few months even if he invested in half a million leaflets at a 50k cost or whatever
He will definitely need help won't be able to deal with the enquiries be inantaded be slower because he has got no experience and yeah just no it's not going to happen. Without some serious help and serious investment
Sounds like he's got a very good income over there holiday pay the whole thing I would say it's a humongous sacrifice.
What I've said before to other people who are thinking about it stay in your job keep working get yourself a van and set up a weekend round.
Because it's not all about money end of the day if he truly is sick of it he might quite like the Freedom of what window cleaning can give you.
But it's definitely not for everyone.. so it's best that he doesn't walk out of his highly paid salary to find out it's not for him when his hands get cold
And his waterproof boots decide to fail!.
And before you know it it another low mileage clean and tidy freshly installed system van is on eBay for about a third of the price!
Then again I've never heard of someone earning close to a six-figure salary that wants to nip about in van to shine some glass. It's usually the other way round that's been made redundant or in a low paid job or in a very demanding averagely paid job
I guess he must really be sick of his job to consider it. So perhaps matching his current salary shouldn't be the prerogative.
What I will say to be a bit more positive is his first year not talking about crazy investments but say if he's coming in with money to get his van and insurance 200k leaflets printed maybe drop 100k canvass with the rest Get some experience takes to it well can deal with the weather and various other issues. Is determined prepared to leaflet and canvass and generally probably put in 12 hours a day work and maybe another 2h at home preparing van and work for next day
So 6 hours canvassing 6 hours window cleaning
And weekends pure canvassing and leafleting
In a decent area I think it would be realistic for me to say provided he works hard 50ish turn over 40k profit is achievable but he would really need to be dedicated for his first year and I still think that will be very good given all the man-hours involved in canvassing in marketing and everything else that would prevent him from physically Cleaning Windows full time for his first year