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

submitted 9 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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[–] kolav3@alien.top 1 points 9 months ago (2 children)

You're making 75k profit, working 2 hours a week, and you wanna sell. How much do you want for it?

[–] WorldofCreatives@alien.top 1 points 9 months ago (1 children)

The highest offer I have right now from a motivated buyer is $230k, but I’m willing to go lower than that. Maybe $180k

[–] _tyron3@alien.top 1 points 9 months ago

Smells fishy