The profit margin on the work is extremely high I would ask MB which other business you could buy with a 90% plus profit margin for one years profit?
If it was a crappy little corner shop it would sell for 3 years profit for a load of hassle instead I am selling for 1 years profit for no hassle it's got to be a bargain.
Any work I have sold in the past Ive got a years turnover for no problem and i guarantee someone with common sense will pay the asking price for this round and never look back.
Im 100% honest and the round is exactly as advertised thanks for viewing it.
Matt
Matt, this is not a business like a corner shop!
When buying a window cleaning round, you are only buying goodwill, that is stated by HMRC.
there are no assets in a window cleaning round, unlike a corner shop.
unless you have everyone tied in to a legal contract, its nothing more than gesture.
Are you selling the van and equipment as well?
Matt
I agree with Matt, there is no tangible asset here just the goodwill of the customers, I have bought lots of rounds off guys over the last 5 years and ALL say the same thing, "it’s a great business, Customers are great, Almost all pay on the day of the clean, Prices are ready to go up.” I have heard it all and it’s never as good as it’s sold.
In reality you can be sure you will lose some, (up to 25% in some cases) Perhaps this round is of particularity high value but customers are the same no matter how much or little they pay.
Worst case scenario and the buyer lost 25% of this round, that’s a huge chunk gone. The payback will be years. Turnover for vanity, profit for sanity!!!!!
Whichever way you cut it this is a part time round. 5 days work for 30k seems totally over the top to me, but hey good luck if you can get it.