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jay moley

  • Posts: 482
Valuing a round to sell
« on: March 24, 2023, 03:08:52 pm »
My yearly turnover is £80,000.

All work in Surrey area and compact.

What could I expect to sell it at?

Thanks

Gringo

  • Posts: 315
Re: Valuing a round to sell
« Reply #1 on: March 24, 2023, 03:45:25 pm »
£1,000,000 or there abouts +VAT

Smudger

  • Posts: 13438
Re: Valuing a round to sell
« Reply #2 on: March 24, 2023, 03:47:55 pm »
what's your profit gross and net P/A?

Darran
Never argue with an idiot, they will only bring you down to their level, and beat you with experience

Splash & dash

  • Posts: 4364
Re: Valuing a round to sell
« Reply #3 on: March 24, 2023, 04:11:38 pm »
£1,000,000 or there abouts


😂😂😂😂

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #4 on: March 24, 2023, 04:12:18 pm »
Remain onboard for 12 months so you can still show your face and deal with certain customers etc,it will be more saleable and you’ll get more for it. 
As far as how much you don’t need 5 days a week to achieve that figure so again that will make it worth more,remaining in the picture will ensure more confidence when someone buys it.

Ggh

  • Posts: 1776
Re: Valuing a round to sell
« Reply #5 on: March 24, 2023, 04:20:25 pm »
Tricky one. The type of business that might buy it would be vat registered and I’m guessing you aren’t? That immediately reduces the amount of annual profit in it, without large price increases.

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #6 on: March 24, 2023, 04:41:33 pm »
It would be worth swallowing the vat  for the first year if someone’s buying it with multiple vans spread over the business it’s peanuts,little more than 300 odd in vat a week.
Soon gain that and more back with a couple of small increments across the board.

KS Cleaning

  • Posts: 3952
Re: Valuing a round to sell
« Reply #7 on: March 24, 2023, 07:09:45 pm »
Effectively it’s good will you are selling. If it’s decent work and it returns a good hourly rate, I would say anywhere between 40-60k. You might have to split it up into smaller rounds to achieve that though.

NBwcs

  • Posts: 880
Re: Valuing a round to sell
« Reply #8 on: March 24, 2023, 08:36:53 pm »
Effectively it’s good will you are selling. If it’s decent work and it returns a good hourly rate, I would say anywhere between 40-60k. You might have to split it up into smaller rounds to achieve that though.

Really? thats 6 to 9 times the monthly value, i thought the general consensus was that you could get anything upto a max of 4 times the monthly turnover. Delighted if im wrong. Nine months is a long time to work without seeing any profit from your purchase.

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #9 on: March 24, 2023, 09:02:31 pm »
The general consensus and the general thing is there’s a huge amount of window cleaners out and about with crap work,believe or not some run it as a business albeit smaller than a lot but then again some prefer it that way.
The number 80,000 doesn’t tell the story at all how long does it take to clean 1500-2000 a week,it might take you 8 hours 5 days a week it may be more appealing if you could fly through it in 18 hours. Is that 80k of easy to complete work.

Matt.

  • Posts: 1832
Re: Valuing a round to sell
« Reply #10 on: March 24, 2023, 09:48:55 pm »
80k of work and u sell it for 40k ……. Must be mad if u consider that, don’t listen to Nigel I cant even make sense of what he’s saying.
But …. If that’s what ur think then surely u can get 2 lads to work it for u at a cost of 40k or less and take nearly the 40k home urself

After  a few years let the lads buy it off u an pay u off on the monthly that way u still have an income and get more around the 100k over a few years 

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #11 on: March 25, 2023, 12:29:53 am »
Don’t listen to me m8 I’ve a round full of crap 6-7 quid houses listening to someone that talks as much crap as me,don’t get caught in the trap some others have you might learn something 😉.

KS Cleaning

  • Posts: 3952
Re: Valuing a round to sell
« Reply #12 on: March 25, 2023, 01:45:09 am »
Effectively it’s good will you are selling. If it’s decent work and it returns a good hourly rate, I would say anywhere between 40-60k. You might have to split it up into smaller rounds to achieve that though.

Really? thats 6 to 9 times the monthly value, i thought the general consensus was that you could get anything upto a max of 4 times the monthly turnover. Delighted if im wrong. Nine months is a long time to work without seeing any profit from your purchase.
I did say if it’s decent work and it returns a good hourly rate. I also took  into account he’s based in Surrey.  I would think decent work in that area would be worth a lot more than 4 times the monthly  turnover?

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #13 on: March 25, 2023, 10:24:22 am »
80k of work and u sell it for 40k ……. Must be mad if u consider that, don’t listen to Nigel I cant even make sense of what he’s saying.
But …. If that’s what ur think then surely u can get 2 lads to work it for u at a cost of 40k or less and take nearly the 40k home urself

After  a few years let the lads buy it off u an pay u off on the monthly that way u still have an income and get more around the 100k over a few years

And they all lived happily ever after lol I had 2 months within the last 6 with wages and van bills that equated to 10k,the till needs to be constantly ringing even with 1-2 employees.
If you pay them 500 I’d want them to be returning 2000 full time employee all the benefits that come with it etc.

NBwcs

  • Posts: 880
Re: Valuing a round to sell
« Reply #14 on: March 25, 2023, 02:30:18 pm »
Effectively it’s good will you are selling. If it’s decent work and it returns a good hourly rate, I would say anywhere between 40-60k. You might have to split it up into smaller rounds to achieve that though.

Really? thats 6 to 9 times the monthly value, i thought the general consensus was that you could get anything upto a max of 4 times the monthly turnover. Delighted if im wrong. Nine months is a long time to work without seeing any profit from your purchase.
I did say if it’s decent work and it returns a good hourly rate. I also took  into account he’s based in Surrey.  I would think decent work in that area would be worth a lot more than 4 times the monthly  turnover?

Yeah, i bet area does make a big difference. I think one of the local lads round here who buys rounds pays alot nearer 1x than 4x let alone 9x. At the end of the day, if theres not a queue of people willing to buy it then you can only get what you can get.

dazmond

  • Posts: 23966
Re: Valuing a round to sell
« Reply #15 on: March 26, 2023, 04:34:58 pm »
My yearly turnover is £80,000.

All work in Surrey area and compact.

What could I expect to sell it at?

Thanks

You ll probably have to split it into 2 rounds....there's no way you ll sell it as one round

You ll be doing well if you got £15k for each round(split into 2 x £40k rounds).that's around 5 times the monthly value.

People just don't pay £30k for one round
price higher/work harder!

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #16 on: March 26, 2023, 05:39:34 pm »
My yearly turnover is £80,000.

All work in Surrey area and compact.

What could I expect to sell it at?

Thanks

You ll probably have to split it into 2 rounds....there's no way you ll sell it as one round

You ll be doing well if you got £15k for each round(split into 2 x £40k rounds).that's around 5 times the monthly value.

People just don't pay £30k for one round

Why don’t they pay 30k conversation with the proprietor work with me for 3 months so I can get my money back,the thing that will make you laugh Daz is that the answer would be yeah ok lol.
If I sold what I do for 30k I’d feel like I’d been raped.

dazmond

  • Posts: 23966
Re: Valuing a round to sell
« Reply #17 on: March 26, 2023, 08:19:47 pm »
My yearly turnover is £80,000.

All work in Surrey area and compact.

What could I expect to sell it at?

Thanks

You ll probably have to split it into 2 rounds....there's no way you ll sell it as one round

You ll be doing well if you got £15k for each round(split into 2 x £40k rounds).that's around 5 times the monthly value.

People just don't pay £30k for one round

Why don’t they pay 30k conversation with the proprietor work with me for 3 months so I can get my money back,the thing that will make you laugh Daz is that the answer would be yeah ok lol.
If I sold what I do for 30k I’d feel like I’d been raped.

You inherited most of your round from your dad and picked the rest up without trying and it cost you nothing.....

What makes you think someone will pay you over £30k for yours?

It's only worth what someone is prepared to pay for it....

Most window cleaners don't sell their rounds and end up just losing it all when they retire...

After all its only a "goodwill" mickey mouse business anyway
price higher/work harder!

G Griffin

  • Posts: 40745
Re: Valuing a round to sell
« Reply #18 on: March 27, 2023, 12:33:39 am »
Where you got it from and how much you paid for it doesn't determine what something is worth.
What was Mickey Mouse worth before Walt Dis'nae bred him?
I bet it was Minniescule in comparison.
⭐⭐⭐⭐⭐⭐

NWH

  • Posts: 16952
Re: Valuing a round to sell
« Reply #19 on: March 27, 2023, 07:21:56 am »
My yearly turnover is £80,000.

All work in Surrey area and compact.

What could I expect to sell it at?

Thanks

You ll probably have to split it into 2 rounds....there's no way you ll sell it as one round

You ll be doing well if you got £15k for each round(split into 2 x £40k rounds).that's around 5 times the monthly value.

People just don't pay £30k for one round

Why don’t they pay 30k conversation with the proprietor work with me for 3 months so I can get my money back,the thing that will make you laugh Daz is that the answer would be yeah ok lol.
If I sold what I do for 30k I’d feel like I’d been raped.

You inherited most of your round from your dad and picked the rest up without trying and it cost you nothing.....

What makes you think someone will pay you over £30k for yours?

It's only worth what someone is prepared to pay for it....

Most window cleaners don't sell their rounds and end up just losing it all when they retire...

After all its only a "goodwill" mickey mouse business anyway


Absolute crap Daz my Dad stopped working with me in 1996 lol I have about 15-20 jobs from back then m8 😂.