thread Re: How much $ would it take for you to sell your business? 🧐 in Community Corner

How much $ would it take for you to sell your business? 🧐

isabelle — Mon, 16 Dec 2024 14:59:55 GMT

Hey Seller Community 💡 This week we've got an interesting question for you.

While we know many of you love business ownership, we are wondering...

How much $ would it take for you to sell your business? 🧐

We're curious to read your responses. Feel free to include why you picked the number you did!

Re: How much $ would it take for you to sell your business? 🧐

alexandriak — Thu, 18 Aug 2022 00:01:15 GMT

It would have to be crazy high. But I don't have a number in mind. I don't know that I could sell it and potentially watch someone run what I built into the ground

Re: How much $ would it take for you to sell your business? 🧐

MudFire_Dex — Thu, 18 Aug 2022 03:00:04 GMT

I wouldn't at this point 🙂

Re: How much $ would it take for you to sell your business? 🧐

LocavoreStore — Thu, 18 Aug 2022 06:50:21 GMT

I think I read somewhere that a practical number for selling a business is ~3 years' worth of revenue... That's probably close to what I would sell for... As long as it's enough to live comfortably for the rest of my life, I'd be okay with it.

Re: How much $ would it take for you to sell your business? 🧐

Minion — Thu, 18 Aug 2022 08:54:55 GMT

I have thought about this a few times, and I never could come up with a logical number. While I have built what I feel is a very good business, it is still not finished yet to me, and the potential that it has, and where I eventually want it to be makes the difference of what the price could be. Some Interesting information though from @LocavoreStore . .

Re: How much $ would it take for you to sell your business? 🧐

OldCoder — Thu, 18 Aug 2022 12:41:02 GMT

Darn it, you beat me too it. 😆

Re: How much $ would it take for you to sell your business? 🧐

OldCoder — Thu, 18 Aug 2022 12:43:47 GMT

Winter is coming again so, for gas money to get me somewhere warmer would do it. The price goes way up in the spring.

Re: How much $ would it take for you to sell your business? 🧐

Minion — Thu, 18 Aug 2022 12:56:23 GMT

@OldCoder wrote:
Darn it, you beat me too it. 😆

🤣🤣🍻

Re: How much $ would it take for you to sell your business? 🧐

lawnbrook — Thu, 18 Aug 2022 13:50:54 GMT

Our situation is complicated by the fact that our house AND business are located on the same 10 acre property. While this greatly increases our 'buy out' price, this also makes it a very complicated for someone to actually finance. So unless someone with deep pockets comes along, we'll just keep soldiering on.

Re: How much $ would it take for you to sell your business? 🧐

lucky5s — Thu, 18 Aug 2022 14:32:17 GMT

2x Revenue.

Re: How much $ would it take for you to sell your business? 🧐

DMcG — Thu, 18 Aug 2022 15:39:02 GMT

5,000 USD today only 🌞

Re: How much $ would it take for you to sell your business? 🧐

701Apparel — Thu, 18 Aug 2022 19:00:03 GMT

1.5 Million. Not worth the stress.

Re: How much $ would it take for you to sell your business? 🧐

Doran — Thu, 18 Aug 2022 19:54:39 GMT

Depends on the day!

Somedays I'm over it and would take a $1 plus get me out of the lease. On other days $1 Billion wouldn't get me to leave.

Selling my business isn't really part of my business plan or long-term thinking but for sure something I need to look into. I've received two serious offers over the years but never really entertained them.

Re: How much $ would it take for you to sell your business? 🧐

Candlestore — Thu, 18 Aug 2022 20:52:55 GMT

I have a wooden sign nailed to a wall that people are always trying to buy. I tell them it is not for sale, then I hear the Everything is for sale speech. So I tell them ok, it is for sale for 2.5 million. They say that is ridiculous for a sign. I said I agree but wait there is more. Not only do you get this lovely sign you also get everything you see in the store plus 1 acre of property with 1 main building and 2 storage barns with the inventory. But Wait there is more.... I will give you 2 weeks training on how to make the candles too. Then I hear I just want the sign, and I told you it is nailed to the building. LOL

Re: How much $ would it take for you to sell your business? 🧐

mksavage — Thu, 18 Aug 2022 21:21:54 GMT

Oh man, depends on the day. Last week, I think I would have given it away for free, haha. This week, the price would be slightly higher. 😉 It's something we've definitely considered, but similar to what others have said, I've never been sure of an actual price. The ~3 years of revenue figure from @LocavoreStore is interesting though. We have some investors and some loans, so I'd want it to be enough to pay everyone back and then for me and my business partner to take several months off, recover, and figure out what was next.

Re: How much $ would it take for you to sell your business? 🧐

TCSlaguna — Thu, 18 Aug 2022 23:25:38 GMT

Hahaha. Epic.

$2.5 million for a sign...

Re: How much $ would it take for you to sell your business? 🧐

PartyManiaMD — Fri, 19 Aug 2022 15:00:27 GMT

Given inflation I'd probably have to have at least $3 million to walk away. Sounds like a lot but my inventory is huge and I could net close to that if I were to liquidate the business completely even at fire sale prices.

Is Square going to start offering to buy our businesses? The next POS update has a small button saying sell your business, once you tap it Square reps show up to take over.

Re: How much $ would it take for you to sell your business? 🧐

K1shapooh — Fri, 19 Aug 2022 15:01:38 GMT

Lakissha's Therapeutic MUsic will be here longer than the owner will be alive in Jesus name. The owner does not intend to sell. This business will til the day be behind THESE ARTISTS. We are LEGENDARY.

Re: How much $ would it take for you to sell your business? 🧐

quikone — Fri, 19 Aug 2022 15:44:14 GMT

4.8 million plus possible requirements.

Re: How much $ would it take for you to sell your business? 🧐

Michael_L — Fri, 19 Aug 2022 20:25:37 GMT

It would probably be difficult to sell my business for a price that would make me happy. It's tough to put a hard value on our "product" because photography is mostly a service -- there isn't much inventory, and someone unskilled in photography would have a tricky time taking over. Our company has been growing in the last couple years as well so I'm not inclined to sell at all.

Having said that, I'd want to be paid a fair price for our equipment plus probably 2 years' of my salary. It's probably unrealistic to expect that (?) and if I was ready to retire I would be open to a gradual take-over plan or maybe a monthly dividend for a set period of time ... tough to say!