I just donāt know why he sold. If the money was so good, why did he sell and change careers? Did he get bored or was a large window cleaning company with all that over head too expensive to make a substantial profit? Wish I could see the P&L on some of these large window cleaning companies. Anyways, sorry to hijack
he started a window cleaning supply house and as far as i understand in order to focus on growing that supply house he had to sell the window cleaning company to be able to give all his time to WCR
@cade
Iāve seen the p&lās on a large window cleaning company.
This particular one has 2 divisions in california and no its not a franchise. Iām talking legit window cleaning outfit.
The net still numbers in the low 800 thousands with a crew of 8 to 20 depending on time of year.
Choosing weather or not Iām being honest is on you, but if you want to believe it Iāll also tell you the key to being that guy? Having stellar credit and making it a corporation. My friend wonāt tell me all their secrets, some he actually DOES know the others Iāve figured out on my own.
Iāve come to realize that itās never going to be me, mostly because my credit will take too long to build back up before I can begin, and Iām going to be 46 next month.
I respect your being apprehensive, really. I asked him the same thing in different words and his response was personal and I aināt going to betray that trust. It wasnāt because it was a dud tho.
Why donāt you just ask him? He might tell you why.
There is profit to be made, substantial profit. Why else would anyone be in business?
[quote=ācade, post:103, topic:41706, full:trueā]
Wish I could see the P&L on some of these large window cleaning companies. [/quote]
typical, 5-10% net profit on a multi million biz
Pharmaceutical companies get up to 20% net profit, the highest of any businesses
once one gets out of solo op, things settle into the basic business 101 framework, they have to, a sustainable biz forces it, no choice
unless you have a one of a kind, most desired, patents, uncreatable for competitors advantage of some sort and huge leverage either by technology or some other means, one is going to be in the typical usual and customary economic framework, just the way it is
even more so with a labor based business (=less leverage)
welcome to window cleaning, it does have a ceiling in profitability % and is linear in growth and profits
you want to make 1 mil a year? plan on building a 10 mil+ a year biz
harder (read: impossible) with $10 storefronts, simpler with $50K+ annual hospital and hi rise contracts
Good stuff
But regarding profitability different markets have more upside.
Southern California has perfect weather so in your favor is being able to work 12 months a year, of course there are slower times but overall itās nithing compared to a place with winter.
Southern California huge population = big market
Downsides
- Opressive business climate
2.Limited add on potential pressure cleaning is the real money
3.People donāt understand the level of competition I.e. guys creating a job doing it for a year but destroying the market
4. Sunshine tax people are hours poor and donāt want to spend or donāt have the money to pay for services.
I donāt miss it Bruce but I miss you 
Iām surprised, those numbers seem low for that many people
Not to meā¦ when i had 7 full time i was upper 300k.
What about me? Iām butt hurt now dude.
I havenāt read all of the previous comments, but for some reason find it ironic, i.e. all the talk about hitting 100k. Iāve got a friend who grossed 1,000,000 in his service biz (not window cleaning) but spent 1.2 milā¦ It seems like Gross doesnāt mean much.
I need to learn more about the benefits of financing. I have been āpay as I goā the last two years, with the exception of the company credit card that provides airline miles and 0% interest the first 12 months.
I canāt stand seeing my margin get chopped up by interest but I do understand that having crews with vehicles would require vehicle loans. Not really sure what else would require financing.
Dude, everything I read of yours is genius level! Do you do consultations?
Bruce should he would easily net $600 hr.
No it donāt. Ask me how many times i was broke during that time! Every month
@thorSG1 What do you think contributed most to feeling/being broke monthly when you were in the lower 6 figures. Was it slow paying clients, underbidding jobs, bad time management.
Iām really curious Salvatoreā¦
I feel like itās all in what makes you happy with what you are making now as well. I couldnāt imagine the strees with hitting a 100k.
Hey man I called you the other day and you didnāt answer. Whoās hurt now?
@HBM
I wasnāt even thinking about interest or vehicles.
I was talking about landing large scale jobs. Or when you get a string of hospitals on a quarterly and thats how they pay too, quarterly. Or what if you have the hospitals who pay quarterly and you land a prevailing wage job?
You GOTTA have credit to float payroll.
Man I was getting a verbal beat down from the wife man. You have no clue how long the punishment for asking her to hold on for second would be. Then after that I was putting out fires at the navy base man. Then had to go onsite at the base and there aint ANY cell reception there. Black zone man.
Sorry about that.
