[NWH]

I’m not m8 some businesses sell for 3 x the Net profit,it’s not uncommon.

[NWH]

Businesses being sold for 2-3 x it’s annual profit all the time,this is why when you hear a business being sold for 3 x the monthly profit is ridiculous no wonder they sell with no problem it’s a win win for the buyer even if they lost some of the work.

[Shrek]

Businesses being sold for 2-3 x it’s annual profit all the time,this is why when you hear a business being sold for 3 x the monthly profit is ridiculous no wonder they sell with no problem it’s a win win for the buyer even if they lost some of the work.

It does sound cheap.

[NWH]

Yeah you build a business all you’re life then sell it for 3x what you take in a month 🤣🤣,I bet half the people that do that have also signed up to equity release too lol.

[NWH]

Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.

[Mike Burd]

Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.

It isn’t profit though. Your profit as a self employed person is what you declare to the tax man, not what you take in a day.

[NWH]

I was using you’re example with the 40k profit not the turnover,as you may know all the rubbish on here about 10-12 workers and turnover I’m not interested in.

[KS Cleaning]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

[Dry Clean]

Ask yourself the question if you were in the position of earning 8-10k a month cleaning windows would you sell it for 25-30k,3 months from after the cheque cleared they would be into tidy profit wouldn’t they I reckon people that are selling need to think again.

Like most things you sell it all depends on what somebody is willing to pay, you are selling canvassed work/graft and nothing more, only a fool would work three years for nothing just have nothing but more guaranteed graft to show for it.

[NWH]

Canvassed work or stuff from lead generation is completely different in my eyes,would you class a business that has been going for decades that has a well known name in an area with top notch work in the same ballpark,I know I wouldn’t. 
Someone selling 4-500 quids worth of work they’ve cleaned for a few years and no longer want it is like comparing eggs to apples.

[Mike Burd]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

[deeege]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.

To have unlimited growth opportunities.

To be able to do the school run twice a day, and have more time with the family.

The list goes on and on.

I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.

Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.

[Mike Burd]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.

To have unlimited growth opportunities.

To be able to do the school run twice a day, and have more time with the family.

The list goes on and on.

I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.

Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.

Worthless as a sellable business. Nothing wrong with it as a business for a self employed person, but it doesn’t really have a substantial value as a business to sell. I’m not being clever, I’m just pointing out that it’s just a “round”. If however it was turning over £80k it then has some value because you could make a profit over and above running costs. You could employ someone, pay them £25k and probably still have £30k profit. Hopefully you see my point.

[deeege]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

To have a fairly easy, stress free way of making a living without having to answer to a jobsworth low level manager every day.

To have unlimited growth opportunities.

To be able to do the school run twice a day, and have more time with the family.

The list goes on and on.

I know plenty of people in £25k a year jobs that work stupid long hours in crappy conditions for that £25k. Chefs, barstaff, cleaners, warehouse operatives, taxi drivers, couriers the list goes on. Window cleaning is easier than every single one of them.

Don’t assume everyone wants to scale up their business to have multiple vans and thousands of customers Steve, to say a £40k round is worthless is just simply not true.

Worthless as a sellable business. Nothing wrong with it as a business for a self employed person, but it doesn’t really have a substantial value as a business to sell. I’m not being clever, I’m just pointing out that it’s just a “round”. If however it was turning over £80k it then has some value because you could make a profit over and above running costs. You could employ someone, pay them £25k and probably still have £30k profit. Hopefully you see my point.

I do see your point, and I agree that if it were turning over £80k it would be far more valuable.

However calling it basically worthless is vastly underestimating how many people would absolutely love to be able to earn £25k -£30k self employed profit with the freedom that our job gives. For that reason alone it becomes valuable and not worthless imo.

[KS Cleaning]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.

[NWH]

It makes me laugh when I hear people say you will only get what people are willing to pay etc I see it to a point but not to the extent people are saying,it’s only a window cleaning business blah blah blah.
There’s a hell of a lot of people out there that would like a little business like mine that’s crap and only willing to pay a small amount 🤣,if I wanted to earn the same I’d have to be training and tubing it in everyday and be very qualified in something  to end up with anywhere near the same to live on that’s all can say,people shouldn’t judge what they do along with others that do the same job we all have very different customers some of the comments prove this by saying they’d sell up for 3 x the monthly amount earned.

[james peters]

80 k turnover , and only 40 k profit ?  just so you are not on the tools is utter madness .
someone on their own , with a di filter can do the same for part time hours , and less head ache .
actually  , they can do far more ....
I cant believe what I am reading

[Mike Burd]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.

I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.

[KS Cleaning]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.

I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.

That’s why I said ‘on average’.
 If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.

[Mike Burd]

Businesses were always valued at 3-5 times annual profit. That’s how I’d do it. So if you turned over £80k, take off say £30k wages for the man to do the work, then your other overheads say £10-15k, the business is worth around £120k. Ofcourse if you’re only turning over around £40k your business is worth bugger all really. Whatever you can get for it.

Window cleaning is different tho, in most cases you are buying the monthly value of the work times whatever the buyer and seller agree, anything from x3 upwards., I sell my work at x5. To say a window cleaning round that turns over £40k is worth bugger all makes you look a bit silly really.

As a business it’s worthless. Someone could get a job paying £25k (which would be the self employed profit on £40k) for nothing. Why would anyone pay £15k for a £25k job?

Big difference being that £40k turnover in window cleaning will equate on average to around a 24 hour working week, whereas being in a full time job will be around 36 hours per week. Also it’s not that easy to walk into a job which pays £25k nett and offers job security.

I know window cleaners working 40 hours plus and turning over under £40k. Well under £40k.

That’s why I said ‘on average’.
 If a self employed window cleaner is working 40 hours plus and turning over well under £40k that equates to only around £20 per hour. They are either cooking the books or are in the wrong game and should seriously consider a career change.

Where are you based? Lots in the north earning less than that.