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Thinking about selling my business. It's a pretty easy gig. (alien.top)

submitted 2 years ago by Low-Helicopter-2696@alien.top to c/entrepreneur@indiehackers.space

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Earlier today I posted in this sub about wanting to hold on to it for my kids, but the more I think about it, it seems like a lot of time to spend on something not knowing if your kids will even want it.

I run a one-man consulting business.

So I'm thinking, if the right person wants to learn this business, I can sell it to them and teach them what they need to know over like 6 months. Someone with abackground in finance, commercial lending, or workout/turnaround would be an ideal person to purchase it.

It's actually a really great business because I only work about 10-15 hours per week, and I just ran the numbers and I'm at $177K revenue with virtually no expenses (it's consulting) for 2023.

I don't pay for advertising. I've got a few social media channels and my SEO is pretty good at the moment (that's where the bulk of my business comes from). My social media is actually not all that polished, so anybody who wanted to put the pedal to the metal could probably grow revenues beyond the current levels.

According to chat GBT, businesses in this space are worth between 1.5 and 3 times revenue. Even if we split the difference and I sold for 2.25 times revenue, thats $398k. I'd take that. Something like 75% cash and the balance paid as an earn out.

I'm not going to speak publicly about specifically what I do because I'll be too easy to identify, but if anyone has a serious interest feel free to shoot me a DM and tell me a little bit about your background.

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[–] Rain-And-Coffee@alien.top 1 points 2 years ago

It’s consulting, it’s valuable for the knowledge you have. I don’t think someone with 6 months of training would be able to deliver.

Due to that reason I’m out.

Maybe as an experiment have one of your kids or relatives run it for 6 months, prove that it can run without you.