Can you value a Sole Trader Business to Sell

[Old-Oak]

Just looking for some advice, Been running now for 30 years, have a great name, with nearly 1000 great reviews on Checkatrade.  A lot of repeat customers. Thinking of jumping out, as pinning down reliable subbies getting hard. How would I value it as a Business, (if that's possible). and where to advertise it?.  It will come with the Name & Logo, mobile number , the Reviews, book of numbers of customers and full plant, tipper truck (Logo front, back, sides)  Forst 6 Chipper ST6 low hours, and full kits.

Edited June 21, 2023 by Old-Oak

[Mike Hill]

Pretty hard to do as you are selling a job.

 

20% of turnover

50% of one years profit

Trade price on all the kit.

 

This is what I was looking at a few years ago. If you really want it gone,talk directly to some local companies on what they might be prepared to pay.Its a hard conversation to have,especially when someone will gain a percentage of your market share for free if no one buys your outfit.

[Will C]

Unless you have fixed regular contracts it’s only worth the kit plus a few beers I’m afraid. 

[Mark Bolam]

Contact this dude.

He wants to franchise a mega-arb company.

 

Not my cup of tea, but we are living in strange times.

 

Tree Surgeon North London | Barnet | Enfield | Tree Removal

WWW.THORSTREES.CO.UK

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The go to company for tree surgeon services in North London. Specialist in tree removal in Barnet and...

 

[Old-Oak]

10 hours ago, Mark Bolam said:

Contact this dude.

He wants to franchise a mega-arb company.

 

Not my cup of tea, but we are living in strange times.

 

Tree Surgeon North London | Barnet | Enfield | Tree Removal

WWW.THORSTREES.CO.UK

---

The go to company for tree surgeon services in North London. Specialist in tree removal in Barnet and...

 

Anthony Robins of the "Tree World" Nah! Would rather give it away then have someone like this have my reviews. Thanks though.  I've got few ideas now. 

[Mr. Squirrel]

15 minutes ago, Old-Oak said:

Anthony Robins of the "Tree World" Nah! Would rather give it away then have someone like this have my reviews. Thanks though.  I've got few ideas now. 

He does seem like an absolute spanner. 

[doobin]

5 hours ago, Mr. Squirrel said:

He does seem like an absolute spanner. 

Could be worse, he could be offering a masterclass in how to run a tree surgery business...  LIMITED SPACES REMAINING! (yeah right)

[Steve Bullman]

6 minutes ago, doobin said:

Could be worse, he could be offering a masterclass in how to run a tree surgery business...  LIMITED SPACES REMAINING! (yeah right)

Yet to hear a negative comment about the event from people who have actually attended one.

[Clutchy]

Unfortunately you're selling a profitable job and not a business. 

 

There was someone who emailed me and a few other companies asking to buy a few weeks ago, purely for market share but I think you had to be 30% commerical minimum. 

 

Ill try and dig their details out 

 

Re Thors idea of a franchise, I can never see that working (been wrong before and will be wrong again) 

 

This is such a 'me too' industry so most will just set up with bare minimum costs, can't see many parting with 5 figures to join a franchise + monthly fees. 

[Clutchy]

On 22/06/2023 at 14:28, Steve Bullman said:

Yet to hear a negative comment about the event from people who have actually attended one.

I actually think his course would benefit most companies but his price point (which I don't disagree with) will stop most from giving it a go