Unique business situation, how much should I ask to sell? | TruckMount Forums #1 Carpet Cleaning Forums

Unique business situation, how much should I ask to sell?

CdnAxe

New Member
Mar 25, 2021
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1
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Axe Cut
So after cleaning carpets for 16 years I have decided to change careers. I'm looking for opinions on what my company of 11 years would be worth.

I have built a strong name for myself in my city of 800k people. I made 75k-150k in half of those years. first couples years were smaller and the last couple years have been way down. In the last year alone I made nothing.

Not because my phone wasn't ringing. I just didn't answer it. Long story but just a part my lives journey. Mental health and depression related.

So where is the value?

I have a website that still has a presence on Google, my phone still rings, I still get emails for quotes, I have tens of thousands of emails and customer information. I have done work for almost all major and smaller property management groups in the city and have names, numbers and information on how much to charge to get their attention. I could even introduce someone face to face to some pretty important people.

I was thinking of starting carpet cleaning again about a month ago and had one property manager who left me a message around that time. I explained why she hasn't heard from me and she was thrilled I would take her back on as a customer.

I also have a truck mounted hyrdra master pto in a 2006 GMC 3500 with a rebuilt engine and transmission. The vans in great shape.

All the typical tools, blowers ect.... you would expect.

How would I asses the real value to someone here? I don't have sales for the past year and the year before was just a half year.

I know its worth more than the equiptment for sure. I was thinking maybe $10,000-$15,000 for the business itself plus the value of the van?

I would love to hear any and all opinions. Thanks

*Edited to adjust pricing in USD. I'm from Canada eh
 
Last edited:

PistolPete

Well-Known Member
Sep 28, 2014
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Peter Dymond
There are formulas for calculating a business value.
Basically it's worth almost nothing unless you have employees and high sales volume.
 

rob allen

Administrator
Staff member
Administrator
Sep 5, 2007
38,370
19,773
113
Va.
www.drynclean.com
Real Name
Robert Allen,Jr.
Business Location
United States
Is your business in Canada? I am looking to buy existing carpet cleaning business's.
 

mrotto

Well-Known Member
Sep 1, 2009
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Wisconsin
Real Name
Paul Ottensmann
Business Location
United States
sell it to Rob - fast. Its worth the equipment value only.

Problem is that with all the information online now, anyone can start a successful company quickly if they are business orientated.

you worked for property management companies which have a high rate of turnover so its worth - nothing

you have no income for the last year. so that is worth - nothing.

It may be worth something to you, but not to anyone else.

Yes you built a relationship with people. That doesnt mean that those people will continue working with the new buyer.

People that are getting into carpet cleaning dont have lots of cash. If they did, they wouldnt be getting into carpet cleaning.

Just had a friend that got a job that he couldnt say no to. Sold his equipment for worth. didnt get a penny for his business and he worked up to a month before he sold the equipment

Sorry just laying it out as it is.
 

John Rockwood

Well-Known Member
Oct 18, 2012
2,198
481
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Oregon
Real Name
John Rockwood
That's the down fall of being an o/o. Maybe less than 10% of your customers will follow the new owner but not guaranteed.
Why don't you just sell the equipment to another local cleaner that's expanding.
 

scrubb3d_Ed

New Member
Mar 22, 2021
15
8
3
Real Name
Ernest Wood
So after cleaning carpets for 16 years I have decided to change careers. I'm looking for opinions on what my company of 11 years would be worth.

I have built a strong name for myself in my city of 800k people. I made 75k-150k in half of those years. first couples years were smaller and the last couple years have been way down. In the last year alone I made nothing.

Not because my phone wasn't ringing. I just didn't answer it. Long story but just a part my lives journey. Mental health and depression related.

So where is the value?

I have a website that still has a presence on Google, my phone still rings, I still get emails for quotes, I have tens of thousands of emails and customer information. I have done work for almost all major and smaller property management groups in the city and have names, numbers and information on how much to charge to get their attention. I could even introduce someone face to face to some pretty important people.

I was thinking of starting carpet cleaning again about a month ago and had one property manager who left me a message around that time. I explained why she hasn't heard from me and she was thrilled I would take her back on as a customer.

I also have a truck mounted hyrdra master pto in a 2006 GMC 3500 with a rebuilt engine and transmission. The vans in great shape.

All the typical tools, blowers ect.... you would expect.

How would I asses the real value to someone here? I don't have sales for the past year and the year before was just a half year.

I know its worth more than the equiptment for sure. I was thinking maybe $10,000-$15,000 for the business itself plus the value of the van?

I would love to hear any and all opinions. Thanks

*Edited to adjust pricing in USD. I'm from Canada eh
I'm really sorry for your depression. Hope you could fulfill each of your projects in the best way possible my friend. I know you can!
 

PressurePowerPros

New Member
Jun 11, 2021
10
0
1
Mesa, AZ
pressurepowerpros.com
Real Name
Isreal Young
Business Location
United States
So after cleaning carpets for 16 years I have decided to change careers. I'm looking for opinions on what my company of 11 years would be worth.

I have built a strong name for myself in my city of 800k people. I made 75k-150k in half of those years. first couples years were smaller and the last couple years have been way down. In the last year alone I made nothing.

Not because my phone wasn't ringing. I just didn't answer it. Long story but just a part my lives journey. Mental health and depression related.

So where is the value?

I have a website that still has a presence on Google, my phone still rings, I still get emails for quotes, I have tens of thousands of emails and customer information. I have done work for almost all major and smaller property management groups in the city and have names, numbers and information on how much to charge to get their attention. I could even introduce someone face to face to some pretty important people.

I was thinking of starting carpet cleaning again about a month ago and had one property manager who left me a message around that time. I explained why she hasn't heard from me and she was thrilled I would take her back on as a customer.

I also have a truck mounted hyrdra master pto in a 2006 GMC 3500 with a rebuilt engine and transmission. The vans in great shape.

All the typical tools, blowers ect.... you would expect.

How would I asses the real value to someone here? I don't have sales for the past year and the year before was just a half year.

I know its worth more than the equiptment for sure. I was thinking maybe $10,000-$15,000 for the business itself plus the value of the van?

I would love to hear any and all opinions. Thanks

*Edited to adjust pricing in USD. I'm from Canada eh
I know you may not want to spend the money but you can get a business assessment. The other option is just to throw it up on BizBuySell.
 

Anderson

Well-Known Member
Aug 16, 2006
2,977
1,244
113
62
Belton Texas
unless you have another job...why not reconsider starting your carpet cleaning back....there is lots of fullfillment, physical labor......lower stress....in owning your own business....
I have gone back and forth from fulltime carpet cleaning to partime carpet cleaning the last 20 years......