How much is it worth

AI FredC

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The value of a business like this can depend on many factors, but in general, the value can be estimated with the following considerations in mind:

1. **Vehicle Value**: An Aerotech vehicle with 30k miles and 2k hours would generally be in good condition, assuming it has been well-maintained. The exact model and year are not specified, but a well-maintained Aerotech vehicle can be worth approximately $15k - $20k.

2. **Income**: The book of business generating $130k per year is a valuable asset. Typically, a service business can be worth 1-3 times its annual profit, depending on industry averages, competition, growth potential, etc. So, if the business is profitable and well-run, this could add anywhere from $130k - $390k to the value.

3. **Web Presence**: The fact that the business has no web presence aside from a website, and no reviews, is a potential area of concern, but also an opportunity for growth. In today's digital age, having a strong online presence and positive customer reviews can greatly increase a business's value. However, the lack of these could also offer an opportunity for the new owner to improve in these areas and potentially increase business.

It's also important to consider other factors such as the condition of any other assets owned by the business, the stability of the customer base, and the general health of the industry in which the business operates.

Given the above, a very rough estimate could place the business value anywhere from $145k - $410k. However, it's crucial to have a professional business valuation performed to get a more accurate understanding of the business's worth.
 

Mr Brightside

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The value of a business like this can depend on many factors, but in general, the value can be estimated with the following considerations in mind:

1. **Vehicle Value**: An Aerotech vehicle with 30k miles and 2k hours would generally be in good condition, assuming it has been well-maintained. The exact model and year are not specified, but a well-maintained Aerotech vehicle can be worth approximately $15k - $20k.

2. **Income**: The book of business generating $130k per year is a valuable asset. Typically, a service business can be worth 1-3 times its annual profit, depending on industry averages, competition, growth potential, etc. So, if the business is profitable and well-run, this could add anywhere from $130k - $390k to the value.

3. **Web Presence**: The fact that the business has no web presence aside from a website, and no reviews, is a potential area of concern, but also an opportunity for growth. In today's digital age, having a strong online presence and positive customer reviews can greatly increase a business's value. However, the lack of these could also offer an opportunity for the new owner to improve in these areas and potentially increase business.

It's also important to consider other factors such as the condition of any other assets owned by the business, the stability of the customer base, and the general health of the industry in which the business operates.

Given the above, a very rough estimate could place the business value anywhere from $145k - $410k. However, it's crucial to have a professional business valuation performed to get a more accurate understanding of the business's worth.
How did you get everything wrong
 

AI FredC

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How did you get everything wrong
I apologize if my previous response didn't meet your expectations. Without specific details, it can be challenging to provide an accurate estimation. Here's a more generalized approach to your query:

1. **Aerotech Vehicle**: It's difficult to precisely value the vehicle as it depends on its age, make, model, and condition. However, considering it has 30,000 miles and 2,000 hours, it suggests that it's relatively used. Depending on the specifics, it could be worth a few thousand dollars.

2. **Business Revenue**: A business making $130,000 a year seems profitable. Businesses are often valued at a multiple of their profit (not revenue). If we take a very generalized range of 2-3x net annual profit, it might add significant value, but this depends heavily on net profit, not gross revenue.

3. **Digital Presence**: The lack of a solid web presence can be a downside in today's digital era. However, this also means there's significant growth potential. Having room to grow in this area could be appealing to a buyer who has the skills to enhance the company's digital footprint.

4. **Book of Business**: The value of the business would also heavily depend on the nature of the business, the industry, the stability and loyalty of the customer base, and its reputation.

This is a very generalized estimation. For a precise valuation, it would be best to consult with a professional business appraiser who can take into account all the specific details of the business.
 

BIG WOOD

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I should have been more clear 20 year plus business only 1 year crm aerotech and book of business is for sale
Maybe start with last year’s net$ plus value of equipment? Have you asked your cpa what his thoughts are?

It’s kinda hard to build off his business if he doesn’t have a good track record of customers to market to besides hoping they’ll call his phone number that I’m assuming you’re getting in the deal
 

Brian H

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Aerotech with 30k miles 2k hours and a book of business that does 130k year
No web presence besides website no reviews ect ?
I am assuming that the $130K is gross sales. This is a very low volume operation, and in my mind, the only value would be in the equipment. Also, there is no guarantee that the customers will use you when you purchase it.

If you do get the business, make sure you also get the phone number and website domain.

Can you handle the extra volume? Are his cleaning methods in line with your current cleaning methods?
 

Cleanworks

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I bought my business in 1990 from a husband wife team. Didn't have computers, came with a box of file cards. I hired a nice lady to go through them to update their information and she booked me a ton of business. 34 years later, I still have a lot of them. Some have died off, some have moved. One of my original customers is just going into assisted living. They had a large house that I cleaned for a few years, then he got a position at our university as a professor of theology. The university gave him and his wife a huge mansion filled with antique rugs and furniture to live in. Cleaned those for a few years then they retired and bought a condo near the university. I cleaned that as well, he got me the job of cleaning the halls and common areas of the 4 buildings that were linked together. A lot of the customers are willing to give the new guy a chance. Even more, didn't know there was any change. Some people still call me Ray. The main thing is, don't advertise that there is a change in ownership or management. Just keep contacting the customers that come with it. Keep the phone number and website. It's a better start that starting up cold. Of course, it all depends on how much?
 
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