Selling a business

Discussion in 'Chit Chat & Introductions' started by Siimon, Feb 28, 2015.

Advertisement
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Welcome to the UK Window Cleaning Forums.
    Starting or own a window cleaning business? We're a network of window cleaners sharing advice, tips & experience. Rounds for sale & more. Join us today!

  1. Siimon

    Siimon Member
    Member

    Joined:
    Aug 25, 2013
    Messages:
    51
    Likes Received:
    14
    Is there a formula to value a business for sale? Not just round value but good branding web site etc?
     
    Advertisement
  2. Green Pro Clean Ltd

    Moderator

    Joined:
    Jan 20, 2015
    Messages:
    5,216
    Likes Received:
    2,212
    No, has to be the real short answer to your question Simon.

    The value of anything is only what someone is willing to pay for it on the day.

    You might be selling a whole package to someone that has web developing skills, a van and a background in marketing so all those things are not as valued to them as they are to someone without that skills set.

    I have sold parts of my round alone for up to 10 months value in the past just because of how well developed and established the work has been.

    I always decide a sale price on the least I am willing to let it go for, I have never been desperate for a sale as I would rather keep the work and earn from it than pass it on for a 'quick buck'
     
  3. TolishAPurd

    Member

    Joined:
    Nov 3, 2013
    Messages:
    5,101
    Likes Received:
    2,681
    As above, whenever I see people selling full packages I always think "no thanks, I'll choose my own name/website etc thankyou". So i would not be willing to pay extra for all that and I think many other wouldnt, so you instantly lose a big part of your audience.

    I like the thought of folk selling for 10 times the amount though, gives some hope for the future.
     
Advertisement