Selling my business

[Ross Smith]

Moving back to New Zealand in September and looking to possibly sell my business as is or flick everything off individually.

Any pointers would be appreciated on the pros and cons.

Been running full time for approx 3 yrs successfully.

Many thanks

 

 

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[doobin]

You will realise more individually I would think. Goodwill/contacts aren't worth anything unless you have managers, council contracts etc in place.

[DrewB]

How long you moving back for this time rossco?

[veners]

Would agree with doobin, unless you have a contract with time to run on it, but on the flip side may be worth a punt for a while to see if you get any interest at a rate that is greater than the components individually.

[Mark Bolam]

I'll give you $10000 NZ for Mani.

 

 

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[Ross Smith]

How long you moving back for this time rossco?

 

 

That depends on how often I bump into you

 

 

 

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[Ross Smith]

I'll give you $10000 NZ for Mani.

 

 

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Is that all

 

 

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[Yorkshireman]

google " how to sell my business".

 

firms like RTa KBs corporate , theres loads, we get rung up all the time asking if we're in the market to sell.

[Paul Jenks]

The challenge with the likes of 'Business Vendors' is they give the vendor an over-inflated idea of the value of the business to hook the vendor, then look for a mug to buy it.

A business only has value if it runs, profitably, without too much or any hands on activity by the owner. Otherwise all you're buying is a job.

A standard benchmark for the value of a business is 2-3x profit plus the value of assets.

 

I'd go with a sale of the bits. You might get someone to buy your database. I wouldn't. Nothing personal. It's just that without you introducing and hand holding I'd just be A.N.Other person.

[DrewB]

ill give you $1 for mani