mbbut he sold and surely would have had a turnover.
he bought the franchise proberly cause of the sales men and is patter but the person who bought it off him had accounts and profits to look at.
When I left the army I had a fairly large lump sum to either buy a round, or use it to live off while I built up a round. Being new to the area and not trusting any window cleaners I decided to build up a round and use the money to pay our living expenses.
It probably wasn't a good idea and on reflection I should've used the money to buy a round, because my lump sum ran out before I'd got enough decent work.
It does take some years to build up a decent round, so I'd go with Ronnie and say that we undervalue our work.
Imagine you purchase 100 residential customers who're priced well and compact; it would usually take years to build up that sort of work, so selling quality stuff like that at just 3 or 4 times the amount seems a bit daft.
is that a first tosh
HE didn't have any records to go on just the sales pitch of the Franchiser.
He built it up to £250K, spent £1,000's on fitting the shop out and buying the equipment needed to run it.
He sold it for £15K less than he bought it for, but during the time he had it, he invested some of the profits in real estate.
The point I am trying to make is the fact that my friend sold his business for £65K but that included £30K of equipment.
plus his turn over was £5K per week, £20K per month, and sold it for 3 times the monthly turn over.