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jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #40 on: November 23, 2020, 08:29:40 am »
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.

Well I've managed to sell at 5 times turnover several times, I've bought work at that price also.

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #41 on: November 23, 2020, 08:36:07 am »
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

+1

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #42 on: November 23, 2020, 08:38:44 am »
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.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #43 on: November 23, 2020, 08:42:42 am »
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.

I agree with that up north comment.
Only because they are doing something seriously wrong  though

Mike Burd

Re: WFP ROUND .What price ?
« Reply #44 on: November 23, 2020, 08:50:02 am »
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.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.

 https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #45 on: November 23, 2020, 08:53:09 am »
Yes chunks of work
But if I'd added all the chunks together I'd have asked for  and got 5x
Or not let it go

deeege

  • Posts: 5008
Re: WFP ROUND .What price ?
« Reply #46 on: November 23, 2020, 09:45:52 am »
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.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.

 https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.

I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.

There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.

That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.

"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

Mike Burd

Re: WFP ROUND .What price ?
« Reply #47 on: November 23, 2020, 09:59:22 am »
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.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.

 https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.

I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.

There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.

That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.
I think I said £40k. And yes if house prices are low £25k is a good income. But you are just buying a job basically and it seems daft to me.  At the end of the day, each to their own.

All sorts of qualifications got added afterwards around hours worked. If that was 10 hours a week of course it's worth it, as it's really £160k a year multiplied out and very profitable indeed. Much more profitable than my work. But most I'd estimate most window cleaners turn over £30-40k annually.

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #48 on: November 23, 2020, 11:34:40 am »
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.
The rounds I've sold for 5 times value were £45/per hr rounds and that's up norf
When you say "rounds", do you really just mean chunks of work? I'm talking about a full round. A week's work. As I say, I can't see why someone would pay £15k to work 35-40 hours - less than the average salary which is over £30k.

 https://www.gq-magazine.co.uk/article/average-uk-salary#:~:text=In%202019%2C%20the%20UK's%20median,around%20%C2%A330%2C420%20a%20year.

I think you have a very blinkered view of the uk as a whole then Steve. Some areas up here in the North west and east have very different opportunities to what you experience down there.

There’s no shortage of people who would love to be able to be their own boss and earn £25k-£30k profit for a ~30 hour working week.

That’s the reason why a small £50k /year turnover business will never be ‘basically worthless’.
I think I said £40k. And yes if house prices are low £25k is a good income. But you are just buying a job basically and it seems daft to me.  At the end of the day, each to their own.

All sorts of qualifications got added afterwards around hours worked. If that was 10 hours a week of course it's worth it, as it's really £160k a year multiplied out and very profitable indeed. Much more profitable than my work. But most I'd estimate most window cleaners turn over £30-40k annually.
Your average may be right because the Window cleaning thickos bring the rate down badly
Done right WC can be really good in most parts of the UK

NWH

  • Posts: 16952
Re: WFP ROUND .What price ?
« Reply #49 on: November 23, 2020, 02:10:18 pm »
Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.

deeege

  • Posts: 5008
Re: WFP ROUND .What price ?
« Reply #50 on: November 23, 2020, 03:12:50 pm »
Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.

Did they? Where?
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

Mike Burd

Re: WFP ROUND .What price ?
« Reply #51 on: November 23, 2020, 03:14:14 pm »
Someone said 25k is good I thinks it’s crap that wouldn’t give me anywhere near a living down south if I’m honest.

Did they? Where?
;D

KS Cleaning

  • Posts: 3952
Re: WFP ROUND .What price
« Reply #52 on: November 23, 2020, 03:24:03 pm »
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.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?

Mike Burd

Re: WFP ROUND .What price
« Reply #53 on: November 23, 2020, 03:45:39 pm »
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.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?
Go on the Facebook window cleaning pages and you'll see lots earning less in the north, but I personally know one person where I live earning less than that working full time. I'm in the "prosperous south east".

jonboywalton75

  • Posts: 2222
Re: WFP ROUND .What price ?
« Reply #54 on: November 23, 2020, 03:47:05 pm »
I don't know ANYONE working 40 hour weeks on the windows 😁😁

KS Cleaning

  • Posts: 3952
Re: WFP ROUND .What price
« Reply #55 on: November 23, 2020, 04:18:46 pm »
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.
I’m in Scotland and I’m doing a lot better than the figures you are mentioning. I can’t comment on what others earn in my area or any other area for that matter as I’m not privy to that information and I’m not really in the habit of asking nor am I interested in how much they earn. I prefer to concentrate on maximising the profit of my own business.
So who do you know that turns over way less than 40k for 40+ hours self employed window cleaning?
Go on the Facebook window cleaning pages and you'll see lots earning less in the north, but I personally know one person where I live earning less than that working full time. I'm in the "prosperous south east".
I’d rather not, thanks.

supernova77

  • Posts: 3547
Re: WFP ROUND .What price ?
« Reply #56 on: November 23, 2020, 04:34:20 pm »
If I was selling my business I would want at least one years turnover for it.

NWH

  • Posts: 16952
Re: WFP ROUND .What price ?
« Reply #57 on: November 23, 2020, 04:46:54 pm »
Yeah at least why wouldn’t you all this nonsense about 3 months earnings you could buy 3 businesses for peanuts employe a few people and happy days,in reality this doesn’t happen with good work someone with good work knows the value and so does someone with half a brain buying it.
I think I read a post and the answer was who’s going to work for 2 years for nothing lol,in the real world this happens all the time you are running at break even at best for the first 2-3 years as you have business investment debt,only after a lot of this has been paid back  are into profit why do people think window cleaning is any different.
It’s the same with any business investment be it Accountancy Solicitors or a coffee shop,if the clients don’t like you they won’t use you it’s all goodwill no matter what business it is window cleaning is not any different.

NWH

  • Posts: 16952
Re: WFP ROUND .What price ?
« Reply #58 on: November 23, 2020, 04:52:33 pm »
Even the people who clean windows still have a low opinion of thereselves or there job they must do to have this view-attitude towards it,you hear people say it’s only window cleaning are you sure most of the actual window cleaners don’t think this because to say they only want a few grand for what they’ve built up it certainly comes across like that.

davids3511

  • Posts: 2506
Re: WFP ROUND .What price ?
« Reply #59 on: November 25, 2020, 11:36:24 pm »
I don't know ANYONE working 40 hour weeks on the windows 😁😁
Yes, you do.