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How do I sell my side hustle? (alien.top)

submitted 11 months ago by WorldofCreatives@alien.top to c/entrepreneur@indiehackers.space

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I'm an entrepreneur with a company that was on Shark Tank.

I helped my gf (now fiance) start a business two years ago and it has grown a lot.

Current stats Nov 2022 - Oct 2022...
- $132k rev the last 12 months
- $75k in profit in the last 12 months
- $7k in revenue last month (no advertising)
- $4k in profit last month (no advertising)

It's a party card game with a strong trademarked brand, great social following, auto-fulfillment via Amazon, ample growth opportunities, and I only spend about 2 hours a week on it.

The problem is that she's not passionate about this idea and we have since moved on to another idea. Now, I have not been able to run my main Shark Tank company and focus on growing this at the same time. But I hate to see a business with so much potential go to waste.

I don't know what to do! I never sold a business before.

Any advice?

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[–] jlenney1@alien.top 1 points 11 months ago (1 children)

Since it’s a fulfillment based website, you could probably set it on Empire flippers… I know many people that have sold through there, and I know their head of marketing as well, great company to do business with www.empireflippers.com

To give you an idea of the profit, you could probably sell for 3 1/2 to 4 years, the average monthly income over the past 12 months

[–] WorldofCreatives@alien.top 1 points 11 months ago

They’re telling me to sell for $120k