How Do I Sell My Profitable Business?
About a year and half ago I had a kidney transplant and since then I have been needing to sell my business.
My business is a home based distribution company that sells to several fortune companies. I have been in business appox. 6 yrs and have been profitable from the get go in the 6 figures.
The problem is that people I have spoken to say that because the business is relationship based it will be hard to sell. I don’t get it becasue all service business’s are relationship based and when a owner sells it is usually mandatory or standard to sign a non-compete for a couple of years and to offer consulting for a period of time.
It is a one man operation and perfect for someone who wants to work from home and make approx 6 figures annually. Business has books that are kept by a licensed CPA and tax returns to prove success.
Any ideas? Please don’t respond unless you really know what you are talking about. I really need out for medical reasons.
You’ve probably already thought about advertising in the newspaper or on craigslist.
You might contact your Chamber of Commerce about it.
I’m thinking there must be agents for this kind of thing, like real estate agents but for businesses. Perhaps someone who does management consulting would either act as such an agent for you or give some ideas.
I often refer new entrepreneurs to the SBDC (Small Business Development Corporation). http://sbdcnet.org/sbdc.php
Their services are free, and they may even know of someone looking to buy a business such as yours.
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