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Step by step guide to put a price on your cleaning business!

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It may be the most common question we receive here at SFS.JonDon.com:

“How much do you think my business is worth?”

A logical subject considering that you have invested years of your life into your company!  NOTE:  At the end of the day you will never REALLY know “what it is worth” till certified funds change hands when you close on the sale of your business!

However, even if the sale of your business is in the far off future, Steve Toburen explains why you should start tracking its value on a monthly basis right now.  In this “How to Value Your Cleaning Business” Special Report, Steve breaks down four factors involved in an Initial Business Valuation (IBV) and gives you an IBV worksheet to value your own company.

Please, let us know how it works for you!

Steve

Disclaimer:  Never put a formal price on and/or sell your company without competent professional financial and legal advice. This information is provided only to help you track your progress as you build your company.

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4 Responses to Step by step guide to put a price on your cleaning business!

  1. cbatch@aol.com October 2, 2010 at 9:35 AM #

    This is a good way to keep focused on your long-term goals. I will give it a try . Thanks, Charlie http://www.omahaadvancedcarpetcleaning.com

  2. Tom Torpey January 8, 2015 at 1:05 PM #

    I looking at buying a cleaning business. the business is supplied customers from a larger cleaning organization. The owner is considered a sub contractor. How do you evaluated the value of this type of set up. The owner relies on work sent to him from a large business.
    Thanks, tOM

  3. Steve Toburen January 16, 2015 at 4:03 AM #

    Hi Tom,

    Above all else you need to be careful about this statement: “The owner relies on work sent to him from a large business.” I tell every SFS class no one company/individual should provide more than 20% of your total business. (10% is better.) What happens if you buy the company and the guy decides he hates anyone that has a name starting with “T”? 🙂 I mean, seriously???

    Now if you decide to move forward download the above worksheet and plus in the financial info from the company you are looking at buying. If they can’t (or won’t) provide it then run far, far away!

    Best wishes!
    Steve

  4. Hercomer Leznavitch February 21, 2015 at 9:06 PM #

    Greetings Steve,
    Your my last chance-25 year old cleaning business-recent health decline forces immediate sale-evaluation difficult-if you can assist me in any reasonably profitable sale, you will earn ( a 3% sale comission) the 2015 Platinum Cleaning Business Sale Consultant Award. Details on request. Please return confirmed.
    Best regards,
    Herc

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