About 1994 A friend of mine bought a hood cleaning company. What was so sad about this was by the time he bought the company ,someof the account had not been serviced for over two cleaning cycles .. ( 3 month accounts were 90 days out are better ) As I recall he bought this company for $20,000 .. The list of accounts he had was probably 100 accounts.. After making his run thru the accounts he only had about 20 of them left because the previous owner had not been servicing the other accounts on time and the went with someone else..
In the hood cleaning business about all you can actually sale is your equipment.. By this I mean when customers call , they call me not B&R.. B&R is just a name but I on the other hand is the person doing the work.
I would not pay any amount of money for accounts, I would however make an offer on the equipment if I needed it.
My reasoning is usually people that are getting out of the hood cleaning business have already lost most of the accounts that they will try to offer to you. ( What looks good on paper ain't always what it seems ..
I don't see how someone can pay a bundle of money for a business with such a high customer turnover rate..
In other words if I bought company X for 100,000 and they had 200 accounts , all of a sudden I found out that I lost 50 or 100 accounts to poor or no regular service ( Poor Standings ) then got low balled out of 30 or more accounts.. Then I am up a creek with a loan to pay off.
The best way to do this is buy the equipment the company has, search for his accounts, because with a posting saying a company is going to sell out there are probably 10 or 20 other hood cleaning companies knocking down the doors at his accounts already.
Just my 2 cents..
Hey guess what? I cleaned a India Restaurant last night ... damn India Grease is gooy and sticky just like chinese grease ..
The grease was almost like shellac or varnish ..When I got home I had to wash my arms with a green scrubby pad and Dawn......