4 ms·
Bit late to the boat but: Around $700/mo from a themeforest account. And the more interesting story, about £4.5k/mo from a cleaning business that i bought. I
by TamDenholm 13y ago
Bit late to the boat but:
Around $700/mo from a themeforest account.
And the more interesting story, about £4.5k/mo from a cleaning business that i bought.
I will at some point write the story up, but the TL:DR is:
Spotted vastly under valued cleaning business with complete staff.
Turnover of previous owner £190k a year.
Profit of previous owner £18k. Yup, £18k....
Bought it for £13.5k.
Still in the early stages and still changing things but the previous owner was/is in massive debt, little free time to put into the business, did EVERYTHING on paper/fax/phone and had enormous monthly costs.
Theres a much longer story to this but i'll write it up in a few months when its a bit more proven.
- aarondf 13y agoI'd love to hear more about it when/if you get around to writing it up!
- ioddly 13y agoCleaning. Like house cleaning, dry cleaning? I'm intrigued.
- TamDenholm 13y agoHouse cleaning primarily, yup. 104 clients, 10 of them are offices, 9 cleaners.
- kbelbina 13y agoWould love to read the story. Buying and modernizing traditional businesses (cleaners, laundromats, etc) is something that I think is really interesting.
- kngspook 13y agoAlso very interested in this story... Where would you put it up once you write it? (So I can start monitoring...)
- TamDenholm 13y agoHey all, i realise i'm much too late to this but if anyone checks, i setup a mailchimp list i'll blast out when i make a proper write up of my story: http://eepurl.com/FNvPr http://eepurl.com/FNvPr
- tocomment 13y agoAny tips on finding undervalued small businesses? How did you come across this one?
- HeyLaughingBoy 13y agoA day late and I'm not the OP, but a friend of mine did this by talking to a business broker. He found a small technology business that was operated by an old couple that needed to quit. The couple had been making sensors for a niche industry forever and were still charging prices from 10 years earlier. His first order of business was to contact all the customers and tell them prices were going up.