Guess what company this is

Lsmain · January 15, 2012, 5:47pm

Service Business for Sale - Minneapolis, MN Business Brokerage Franchise - Minneapolis, Minnesota

Justin_Monk · January 15, 2012, 6:09pm

Fish?

Lsmain · January 15, 2012, 6:12pm

has to be,right? but i saw it was open since like 79 or something. wouldent any company open for 30 something years be worth 100,000’s of thousands if not millions?

i know mine will be…

Justin_Monk · January 15, 2012, 6:18pm

Idk I’ve seen a lot of window cleaning company’s sell for less. I’m with you mine would go for atleast six figures, but I don’t ever plan on selling. I like my area and will have someone managing it when I’m old and decrepit.

optimumaintenance · January 15, 2012, 10:03pm

For 39k that’s not horrible for 2-5 full time employees. I’m not a fan of franshises but surely there could be a way to get it and transfer it out from under fish.

optimumaintenance · January 15, 2012, 10:27pm

Why do you like your area so much? WA is not an attractive state and is no way a pretty place to live. jk

Really the only big down side to window cleaning is that you really can’t get as much for your business when compared to other kinds of trades/professions. I have had a couple people ask me if i would sell my business and its just not worth it. Its either too low and not worth it to sell or way to high and people would rightly be better off not buying it.

I guess what i am saying is, you better like window cleaning

Beautiful_View · January 16, 2012, 5:49am

I must be blind or something. I can’t see where it says that this is a window cleaning company. It just says ‘service’ company. I did a search on the page and ‘window cleaning’ wasn’t found anywhere.

HurriClean · January 16, 2012, 7:55am

How did you come up with 6 figures?

Justin_Monk · January 16, 2012, 12:10pm

That’s just the perceived value I view my business being worth. And it would be high side 6 figures. I’m pretty sure no one would ever pay, it’s just what I would consider. In my eyes it’s worth much more than someone would offer. Which leads to my retirement plan. Pay someone a large % to manage it. Once I’m gone it’s theirs.

Chris · January 16, 2012, 1:28pm

The E-myth teaches us to start thinking about your business being up for sale from the very first day you start it.

Your business is your actual product.

I try to keep this in mind from time to time… Its harder to do then it sounds.

karlosdaze · January 16, 2012, 5:08pm

Sounds like a business that sells or brokers businesses.

Justin_Monk · January 16, 2012, 5:36pm

Sorry Chris, I just can’t relate to this. Atleast not for window cleaning. I’ve seen what other company’s have sold for and it’s never been for much. Not saying I don’t believe it or think it’s wrong, just don’t see it. Maybe one day you would be so kind to explain it thoroughly to me. You’re a smart guy so I’m probably missing something.

Bruce · January 16, 2012, 6:19pm

reframe it as strategizing your exit plan then from the start

Chris · January 16, 2012, 6:25pm

Well I sorta half believe it. I like the concept and it sounds great but like you said its hard to relate to with window cleaning.

I talk to a lot of different window cleaning business owners, and over the years I have only heard of 1 guy through someone else that he got a good deal on selling his business. So really I have no direct knowledge of anyone who has ever gotten what they thought was a fair or good price for their window cleaning business…

Thats kinda scary when you think about it.

So I agree with you, but I still like to think about the principle of it. It seems like a valid business concept / theory…

Chris · January 16, 2012, 6:29pm

You can list your business for sale with any business broker in the world for free. They’ll give you a whole consultation, and determine a price for free. They will want you to commit to listing it for the information…and they will take 10% if it actually sells.

I recommend folks do this when there business is doing well… Its interesting to see what a “expert” thinks is the value of your business…

If someone actually pays it is another story.

md_cleaning_solution · January 16, 2012, 7:13pm

Even after all the blood sweat and tears that we all put in to our business, your company is only worth what someone is willing to pay for it. Whether that is more or less than what you value it at.

pagliachi · January 17, 2012, 8:13am

Too true… I am allways LOOKING in my area and found this… Window Cleaning Business
Hey… He’s come down in price from $100,000 !!! pax

JfromtheD · January 17, 2012, 8:42am

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SemiHidden=“false” UnhideWhenUsed=“false” Name=“Medium Grid 1 Accent 6”/> <w:LsdException Locked=“false” Priority=“68” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Medium Grid 2 Accent 6”/> <w:LsdException Locked=“false” Priority=“69” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Medium Grid 3 Accent 6”/> <w:LsdException Locked=“false” Priority=“70” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Dark List Accent 6”/> <w:LsdException Locked=“false” Priority=“71” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Colorful Shading Accent 6”/> <w:LsdException Locked=“false” Priority=“72” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Colorful List Accent 6”/> <w:LsdException Locked=“false” Priority=“73” SemiHidden=“false” UnhideWhenUsed=“false” Name=“Colorful Grid Accent 6”/> <w:LsdException Locked=“false” Priority=“19” SemiHidden=“false” UnhideWhenUsed=“false” QFormat=“true” Name=“Subtle Emphasis”/> <w:LsdException Locked=“false” Priority=“21” SemiHidden=“false” UnhideWhenUsed=“false” QFormat=“true” Name=“Intense Emphasis”/> <w:LsdException Locked=“false” Priority=“31” SemiHidden=“false” UnhideWhenUsed=“false” QFormat=“true” Name=“Subtle Reference”/> <w:LsdException Locked=“false” Priority=“32” SemiHidden=“false” UnhideWhenUsed=“false” QFormat=“true” Name=“Intense Reference”/> <w:LsdException Locked=“false” Priority=“33” SemiHidden=“false” UnhideWhenUsed=“false” QFormat=“true” Name=“Book Title”/> <w:LsdException Locked=“false” Priority=“37” Name=“Bibliography”/> <w:LsdException Locked=“false” Priority=“39” QFormat=“true” Name=“TOC Heading”/> </w:LatentStyles> </xml><![endif]–><!–[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:“Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:“”; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:“Calibri”,“sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:“Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]–> I haven’t read e-myth (yet,) but… Basically the success of your business is your profit.
That’s kind of ‘the brass ring’- selling your business and retiring with the riches. (I’m VERY much paraphrasing)

Many don’t end up doing it, or choose not to.

Also, what’s important to think about is, it’s not necessarily “selling out” in the traditional (our personal) sense.

It’s typical to have your heir/kids buy you out, while still having your good name on the door
… or “going public” with an IPO (selling shares.)[INDENT]
“Going Public” is today’s top of the food chain… often just the mere mention of it will increase the company worth (owner profit)… just ask Google’s Page and Sergey, or Facebooks Zuckerman.
[/INDENT]

optimumaintenance · January 17, 2012, 9:41am

The best part of the ad is the hypotheticals, ‘you could easily make double working fulltime’. That’s cute. And without a contract what good are the customers? People like this I want to meet in person and see what makes them tick

Bruce · January 17, 2012, 10:05am

which then becomes the “same 'ol game” as it is to find customers or the right fit employees - marketing efforts

dress it up for sale like curb appeal improvements to a home for sale (one could not buy anything for a year so profits are abnormally higher, lol, like a previous post illustrated, but instead think ROI improvements)

advertise to the right market who is willing to pay more for the intangibles that your business offers over others
which pretty much means creating a story and USP from the viewpoint of your business being a product for sale
what if your ad from the broker to prospects said

"For sale: Incredible 12% profit powerhouse! This boutique size business is turnkey with staff and managers in place and has avg year to year gross margins of 55%!

do some advance “home staging” so your business looks comfortable and successful and they don’t have to visualise themselves in it, they can see it right off

I’m not talking deceit, I’m talking curb appeal and improvements that you’ll get your money back for (like a home, an expensive pool dosn’t get you nearly the ROI as a kitchen and bath remodel)

in other words, selling a business, becomes a job in itself to maximize what you’ll get from a better suited and qualified buyer eager to make the transition

speak in the buyer’s language - personal income, gross margin, net profit before taxes, ROI versus sale price, staff in place - not just gross revenue (just like how computer sales are all about processor ghz, cores, memory gb, hard drive tb, video card etc etc etc)

just how it struck me as I read the post, IMHO