[Scotts cleaning]

The going rate for trad domestic work is 3 times,
Anyone know what  the going rate for wfp work is ?
Is it worth more than trad work?  :

[brett walker]

3 times depending on quality of work


brett 

[Biscute]

Its worth the same, it goes more on the job than what you do the job with.

[Moderator David@stives]

Each business should be valued for what it is and not for a multiple.

Is a £25.00 an hour round worth the same in multiples as a £10.00 an hour round.

A £1000 a month round could take 40 hours or 100 hours.

Dave

[W C R Ltd]

The quality of your customer base is one of the main factors influencing the multiple used, dave is spot on.

Think about it, where else can you buy a business that has repeat monthly turnover and profit where you start to break even on month 4, 5 or 6, most businesses will not even think of breaking even until year 2 and 3.

What a great return on investment.

But first check when it was last cleaned, contact every single customer, make sure the seller has contacted every customer of the new change, and even then you may still experience cancellations.

Regards

Nath

[Moderator David@stives]

p.s.  I would be more inclined to buy a wfp round given the choice. So yes I would pay more.

I am currently dithering about buying a trad round, if it were already converted I most probably would of bought it by now.

Dave

[NWH]

If your buying a trad round and your WFP losing customers is going or might be a major factor,firstly you`ve got to come to some arrangement on price and losing customers on a trad round is enevitable if your planning on doing them WFP.In future this is going to be a problem when buying a round,to be honest what WFPoler wants the hassle of buying a trad round.

[W C R Ltd]

Out of interest has anyone ever invested is buying a business with a turnover of £100,000 annual or know of anyone who has.

[ronnie paton]

buying a trad round and changing to WFP can be very risky but wen i first started i did this changed to 4 weekly instead of 2 weekly and doubled the price!!!

some will say i was mad and i was but after three months of un certaintaty i got the round back to the amount i bought but i only cleaned it once!!

It was a risk and one that paid off, but going into businesses is about risks

[Arnold Palmer]

I'll give you £10

[NWH]

X 3 eh that might be what you’d sell a load of lead generation work that you no longer don’t want but would you sell a business that has been built up over decades for 3 x the monthly income,that would be like almost giving it away.
Some will say it’s only good will you are selling I say if it’s handed over properly the income shouldn’t be effected drastically,that amount is peanuts after 3 months running the business I’d rather give it to a young bloke with a family that I knew was a grafter.

[Simon Trapani]

Why are you two reviving a 13 year old thread?

[Spruce]

Why are you two reviving a 13 year old thread?

I wonder how many genuine trads rounds there are left in the country. I'm excluding high street shops.

I can only think of 2 in our area and I have seen neither out and about in the last couple of years. We have dozens of wfpers though.

In the early wfp years we lost quite a number of a converted trad round to a father and son team working the area off ladders.
"We will never go to the pole as it's rubbish" son told me once when we were working the same street at the same time.
4 weeks ago I saw the son cleaning one of those houses we lost to them with a Purefreedom Trolley 😊

Good for him making the change. It was one of those same houses I fell off my ladder from which triggered the move to wfp along with another trad round son purchased for us.

[jonboywalton75]

buying a trad round and changing to WFP can be very risky but wen i first started i did this changed to 4 weekly instead of 2 weekly and doubled the price!!!

some will say i was mad and i was but after three months of un certaintaty i got the round back to the amount i bought but i only cleaned it once!!

It was a risk and one that paid off, but going into businesses is about risks

Ive bought and sold quite a few rounds, only had a real problem with the 1st round i bought which was a trad round, even that is still bringing in the cash 20 years later as a wfp round

[Simon Trapani]

I think Ronnie’s probably retired by now!

[jonboywalton75]

I think Ronnie’s probably retired by now!
[/q

i always fall for that revived post thing 😁😁

[johnny bravo]

around 4 x the cleaning price.
Trad will have to be done trad.       Too many customers would be lost if changing over to WFP

i sold work last year 4 x  Takings

[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.

[NWH]

Birdy that business you described Would be worth in the region of 100-120k then,I wouldn’t say that was bugger  all m8.

[Mike Burd]

Birdy that business you described Would be worth in the region of 100-120k then,I wouldn’t say that was bugger  all m8.

Don’t confuse turnover with profit.