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

I manage an eCom agency and we help brands with this exact thing. We manage well known brands on the platform and help position them for the best endgame possible. Would do what others are saying and have some experts put efforts to getting the valuation higher before truly committing to selling, especially if you can fund their costs to manage/grow your business. Unless time is of the essence for you on the other venture.