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Looking for help to value my business

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  • canadiancoops
    started a topic Looking for help to value my business

    Looking for help to value my business

    Hi...first post on here so be gentle lol

    I am just looking for advice on how to value a business for sale

    I have a janitorial business which has all commercial cleaning contracts in place. 6 in total that have all just been renewed for 2 years. Its only a small business so gross income is $53400. However the work is only 26 hours per week so I pay out $20280 in wages per annum. My expenses are only $3000 per year as a lot of companies supply the main cleaning machines so i only buy products which then leaves a net income of $30120. Which I take as a dividend. Assets are neglible prob under 1k

    If I sell do i value it at 2 x net income = a value of $60240?

    Any help would be appreciated

    Thanks

  • tanishajain
    replied
    Re: Looking for help to value my business

    Brand promotion for your business can be more helpful to you.

    Leave a comment:


  • RosemaryLytle
    replied
    Re: Looking for help to value my business

    There are various ways to value any business, you only need to find your way or which WIs suitable for your business:
    Gather information about your business, Review and Confirm Your Estimate, consider Factors in the terms of sale.

    Leave a comment:


  • humdinger
    replied
    Re: Looking for help to value my business

    I think the way you presented the valuation is great. But make sure the multiple you took (2X net income) is right for the industry..
    Some businesses sell at 1X while other industries can sell at 4-5X.

    Leave a comment:


  • stevenricherd
    replied
    Re: Looking for help to value my business

    Value your business with ease, it has been a good concept to grow as the leading marketing brand, you can make the big name in industry by following simple steps.

    Leave a comment:

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