Hey guys, I’ve been doing a lot of thinking lately and I think it might be time for me to move on from window cleaning. The route that I’ve built up consists entirely of year round store front accounts in some prime locations in the upstate NY area with a ton of potential customers all around. The route bring in aprox 22,000 dollars a year.
I have an idea of what I’d want for it in my head and Id like to see if that matches up with what you’re thinking.
Also, anything I need to keep in mind/factor in when it comes to selling a route?
Technically, it’s worth what ever some one is prepared to pay for it.
But then are the store fronts going to continue under a new cleaner - thats is what the buyer has to be prepared to tackle. Really, your just selling your clients details.
You are most likely better to look for someone who is looking to get into the business and get a head start on starting from nothing.
It may come to a point where no one will buy the client details from you - then what, you just stop? and some other cleaners “clean up”…lol
Here is my advise to you . I would not be in a rush to sell it if you wanted to sell it Tommorrow you should of put the word out a year ago or even more.
When your buying something don’t be desperate when your selling something samethimg goes.
You say prime area so to me it sounds like your getting good $ for your accounts. You also say there is room for growth so it sounds like competition is soft.
All good selling points. 22,000.00 isn’t a hell of a lot of money , but it’s descent . If I were you I would build that sucker to 30-40 thousand. All the while let the word out that your selling.
Here are some good selling points that people would look for from you
If you have been servicing these accounts for at least 5 years the more the better.
You can show them books that they all pay an when they pay
If there close in proximity an the $ amount you can clean in one day is descent
4 . That your wliling to give a guarantee. Out here 45 days is the norm. I got 3 months with my route 90 days. What does that mean well…
Your gaurnteeing that for x amount of days any an all work will be a paying job for that amount of time. If not they get money knocked off of principle
Shit man if it gets to a point were you can’t find anyone guarantee it for the life of the loan. Ya that’s tuff , I don’t recommend it , but don’t know your market so …
Here is the deal. Let’s say you have 2000 a month route , an you want 15 times for your route that’s 30,000 right. So for the most part Someone will put down 20% an pay you a monthly note at lets say 6%! Interest. On a 5 year amortization .
Not going to figure out the monthly payments on that but…
What do they have to lose they will make there down payment back in x amount of months( more than likely in 3 -5 months ) They have have what ever guarantee you give them
You should stay with them for the first year helping building an introducing them to everyone.
Hope I make sense it took you time to build it to this point it is worth something I wouldn’t give it away for nothing hang in there find the right person. He is out there be fair but don’t give it away. Think about what it would take for someone to get to point your at an how long it took you get there. That’s worth something
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Some people want to move on to something different. I just got s call from a guy who sold a route 7 years ago, because he wanted to do something different. Now he is looking to buy back in again. So who knows why .
If you know what to look for when buying a route an it’s an established route like yours and mine it is well worth buying if this is the business you want to be in
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