[BVC]

Hi guys, not totally decided yet but thinking of selling my business>
I have around 11k every 4 wks. 10% of which is commercial. average domestic job price is £22.
mixed wfp and trad. family business been going about 25yrs. still growing. all in a 15mile radius.
website and lots of stationary. too much extra info to list.
Loads of lovely jobs.

Myself and one other chap earn around £70 per hr min together.

I sub some other work out.

How much do you lot think its worth??

[Window Washers]

Hi guys, not totally decided yet but thinking of selling my business>
I have around 11k every 4 wks. 10% of which is commercial. average domestic job price is £22.
mixed wfp and trad. family business been going about 25yrs. still growing. all in a 15mile radius.
website and lots of stationary. too much extra info to list.
Loads of lovely jobs.

Myself and one other chap earn around £70 per hr min together.

I sub some other work out.

How much do you lot think its worth??

What area is it in ?

[AuRavelling79]

You will get many replies - I would talk to an accountant.

[paul04]

You will get many replies - I would talk to an accountant.

yeah theres a lot of guys on here that havent got a clue  what there talking about 2x 3x 10x monthly takings etc 
on a serious note       i will give you a tenner for it
pj 

[Murdie window cleaning]

Pop it on e-bay, could even get a hundred pound at a push

In all honesty mate, that is one he'll of a business so I would take some profesional advice but I would think if I were you I'd start the bidding at about £150k

[Clive McDonald]

bvc
without teaching my granny to suck eggs point one is that you need to sell the brand, whatever that is because it is worth more, and point two the people with the dough to buy this will proably not want to work it themselves and that introduces a risk element.

Your biz is worth 10 times annual profit.

[trevor perry]

just read your old posts either you have grown very rapidly or the work isnt as good as you say as your earnings on lasts years posts where about 30k  

[Andy@w.c.s]

Have a look at windowcleaning resources they advertise business for sale  

[trevor perry]

bvc
without teaching my granny to suck eggs point one is that you need to sell the brand, whatever that is because it is worth more, and point two the people with the dough to buy this will proably not want to work it themselves and that introduces a risk element.

Your biz is worth 10 times annual profit.

10 times annual profit i dont think so   but if that is the case i would sell tomorrow and retire.

[wizard]

10 TIME YOUR ANNUAL PROFIT DREAM ON MATE.SLUMPY WHAT ARE YOU ON MATE.2.5 may be 3 times TIMES THATS IT+ assets.

[Gav Camm lammy 283]

dean tab wud snap yr ar,m off esp if it on the ,moon 

[South Coast Cleaning Services]

10 TIME YOUR ANNUAL PROFIT DREAM ON MATE.SLUMPY WHAT ARE YOU ON MATE.2.5 may be 3 times TIMES THATS IT+ assets.

I think he means 10x monthly, also I think 2.5x or 3x is way too low, look how long its taken you to get your work, would you honestly sell that for 3x I doubt it, id say minimum 5x,

[bobby p]

£22 average - jeez you must be only doin the big houses then ? what van have u guys got ?

[M Henderson]

I reckon it's worth around £60k+ The problem you may have is finding someone to pay that. Then there's the VAT to think about..

Likely someone would need to get a business bank loan for that kind of amount so the good thing is you'd get all your money straight away and they'd have to be committed to making it work to get their money back.

They'd probably be looking at around £1,200 a month to pay a loan of £60,000 back over 5 years.

If you have a good rapport with your present subbies have you thought about renting or subbing it all out?

[Clive McDonald]

£22 average - jeez you must be only doin the big houses then ? what van have u guys got ?

I'm interested in this.What van and what size/type system?

[Moderator David@stives]

Why would vat be an issue ?

£140k turnover would give you about £80k net profit.

So I would say £60 - £120k depending on who you could get interested in buying it.

[Clive McDonald]

scratch that an escort and back packs?Not being a snob here but you're not geared to 70ph.

Reading some of your back posts though hat's off you are a smart guy even if you do mention 200 as being a good 'un.

[Sean Dyer]

Hi guys, not totally decided yet but thinking of selling my business>
I have around 11k every 4 wks. 10% of which is commercial. average domestic job price is £22.
mixed wfp and trad. family business been going about 25yrs. still growing. all in a 15mile radius.
website and lots of stationary. too much extra info to list.
Loads of lovely jobs.

Myself and one other chap earn around £70 per hr min together.

I sub some other work out.

How much do you lot think its worth??

Vat registered? should be on tover figures. in which case what is the prfoit etc, how many men/vans? just the 2 of you ??

All that would be the details the selling price would be dictated by

[Moderator David@stives]

Sean

My figures wont be far wrong

[M Henderson]

Why would vat be an issue ?

£11,000 between two of them works out at £5,500 each if they split it. 90% domestic work - I'm guessing but they are likely trying to stay under the VAT threshold.

Selling the business would mean that they'd step over the threshold so they'd have to think about registering and adding the VAT.
(in which case the loan repayment figures etc. I  mentioned earlier would be higher with the VAT)

PS Dave you have mail