Is my business worth any thing?

[SAILOR48]

I have been trading as a ltd company and been a member of one of the main scammer schemes for over 20 years.JIB registered.
I have let the business slide over the last couple of years (Due to having other income stream).
Still shows a small profit every year.(It is solvent has a good record for making payments to the wholesalers etc on time)
The main work is installing special indusial machinery. (Southern England mainly)
I can retire in April 2013.
I am the qualifying manger for the scheme this could be easily transferred to a suitably qualified person very easily.
What I see advantages to some one is a ready made ltd company, with no debt, all the equipment needed to carry out the works and a long track record of being in one of the proper schemes.
Company insurance is reasonable (Including indemnity) because of record.
What I see is a ready made company with a good track record all the systems in place.
What do you think?

 

[i=p/u]

I think, what contracts someone can gain by buying this is the key... Or emply someone to keep it going, or sell everything on ebay and enjoy it while it lasted

 

[Octopus]

When you sell or buy a company thats installating equipment the value is mainly made up from the good will i.e. the client base. Agreeing a value could be tricky, best you speak to your accountant.

 

[tazz]

Most business selling agents work on your annual maintenance agreements and client listing for repeated work.
Usual agreements are 3 x your annual maintenance income plus equipment and good will costs.
This is only and guideline, but is how these companies think.

 

[MDJ]

it is usually valued at your customer base and 5x your profits, for the year, well thats what I have been told by folks who have put their businesses up for sale, so if you made a profit of 10k for example and had a couple of long term contracts you may if lucky have a 50k value, so maybe a 25k offer, however we are in a recession so that may be not the case now.

 

[SAILOR48]

it is usually valued at your customer base and 5x your profits, for the year, well thats what I have been told by folks who have put their businesses up for sale, so if you made a profit of 10k for example and had a couple of long term contracts you may if lucky have a 50k value, so maybe a 25k offer, however we are in a recession so that may be not the case now.

Hi thanks for the replies.
I have existing orders , with a good customer, should be able to get done by May.
I think I will stop taking any more on and go and sit in the sun.:sunny:

 

[MDJ]

I don't blame you fella, when I get my static caravan I intend to work 3 days a week haha and sit in the sun fishing by the side of a lake, I hope my post was helpful, obviously I have no idea of your firms worth and don't need to know, I was just suggesting figures to give examples, hope someone even in this recession would be interested and you get a fair price, best of luck.