Hi Everyone
I'm looking to sell my Garden maintance business which I have had for around 18 years, its based in a prosperous area of cheshire with a very good loyal client base in my opinion.
I have 2 part time staff doing the majority of the manual work with myself helping out where required, I would sell just the client list or can sell to include a van and some tools.
Net audited profits are around £25-30k which is after expenses / wages etc, this could increase by doing the work yourself and dropping one member of staff.
I also contract out big hedge and tree work to a local tree surgeon which gives another source of Income.
Not sure how to put a value on the business, your thoughts /idea's please.
Thanks
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Value is typicall assets plus goodwill plus contracted works in these kind of scenarios. However contracts are extremely hard to enforce ( if they even exist ) due to consumer legalisation. Often the goodwill & contracts are valued on sliding scale with payments made to seller on key dates after the sale ( supporting the fact that the longer you keep the customers after the sale, the more the sale price lives up to expectations ).
Good luck and there are small businesses out there is your area, i suspect, that would negotiate a fair and equitable price.