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3 companies looking to acquire my business and I feel lost. (alien.top)

submitted 2 years ago by spiderpigparty@alien.top to c/entrepreneur@indiehackers.space

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Hi everyone,

31 years old, no kids.

I own a small business, and have received offers in the region of £750k. Plus cash in the business would give me a total equity value of around £900k on exit.

I started it 5 years ago now, with the dream that one day it could be sold. Well that day has come and I’m in a very fortunate position of having 3 companies submitting offers.

But, instead of feeling excitement, I feel a sense of dread that I’m doing the wrong thing. This business has been everything for me for 5 years. At points I have genuinely thought it would end up killing me and through the toughest days and weeks the thought of the end goal was often what kept me going. So not to be feeling a huge rush of excitement and relief right now is a surprise to me.

I have 2 options.

Exit the business and take the money. in this situation I would invest the profits in property and lead a considerably lower stress, yet comfortable lifestyle.
The second option is reinvest our profits and try and take it to the next level. This would invoicing recruiting, advertisement and investment in our general operations. I’d be committing to another 2 - 5 years and going back in balls deep. Obviously the risk here is we dramatically lower our profitability by doing so and fail to scale any further. I worry we may then miss what could be a once in a lifetime opportunity to sell a business for decent money.

Not really sure what I’m expecting to get by posting this, but if anyone has thoughts or has sold a business themselves, did you experience this? Did you regret it post sale? All advice appreciated.

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[–] DarkMatterWanderer@alien.top 1 points 2 years ago

I’m 38m, not married and no kids, so work has been a big part of my life and I’ve sold 2 of my businesses so far. I built an app back when I was 24 and in grad school and sold it to Google. I banked it and used it to bankroll another distribution business and got offers, like you, when I was 33 and sold it for a nice profit. To which, I put a sizable amount into another business and that’s where I’m at right now. It’s allowed me to buy my home, have 2 nice cars, a couple residential and a few commercial properties, and a decent portfolio. I had no regrets selling because I knew what I was going to do afterwards, so my advice is to plan for your future and discover how you see yourself and what you’d be doing if you let go of your business. If you don’t have a plan, you may want to take a beat. Good luck.