you might think its strange but im looking at it in a business point off view. Do you think 60k ayear business is only worth 15 / 20k. I dont.... you must be strange if you do
Although window cleaning rounds are based on goodwill, if the round is 100% legit and the transition is done right, I agree that 20K is too little.
People spend that kind of money on a franchise and pretty much all they get is a van and a manual on how to run a window cleaning business (that they have to find customers for first)
It's a sizeable enough round fo someone to leap out of a job and straight into another.
I think you need to find the right kind of buyer. Likely not even a window cleaner.
Look for the kind of person that would buy a franchise. Someone with enough confidence in their own business acumen and management skills to spend big figures. Someone with drive.
They will see the investment value. Even if they bought on credit, the profits would more than cover the monthly repayments.
Offer to provide a couple of weeks training if you can and price that into your figure.
You need to tell us more about the kind of work it is and what the actual net profit of the business is.
If it's good commercial work, I would go for at least 12 times the net profit.
eg. say the net profit is £3000 after paying a lad to help you, fuel and other expenses etc.
3000 x 12months = £36,000
That way, the buyer can take out a 3 year loan and pay a third (a bit more with the interest) of the profits each month to repay the loan and still have an income of just under £2000 (because of interest).
After 3 years they are raking in £3000 a month, have likely expanded the business and still got the goodwill of the business to sell.
Don't underestimate the value of a
good round. There are people out there that would snap your hand off.
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