Business is usually worth 5-10 times the annual net profit plus current value of hardware assets. Contracts with customers would have to be transferable, liabilities, if any, addressed and employees willing to submit to a new owner and/or management.
Likely selling prospect would be a competitor in the same geographic area or a current employee who wants to strike out on his or her own. The opportunity you could give them would be tremendous. Accounts, assets, and support people already in place and they can start out way ahead of the game.
You should be prepared to take a note on the selling price and just take reasonable payments over a period of time. Also be available to mentor. And make sure to sell to someone you trust and/or know well and are confident will be in business for many years and won't drive away your current customers.
Good Luck!
Frank Anderson, CFO
Innovative Marketing Systems
Re: Sell?
Member #: 22668
Registered: 3/29/2003
Posted:
107
Name:
Frank Anderson
Name:
Frank Anderson
Company:
Innovative Marketing Systems
Occupation:
CFO
Location:
Dallas, TX
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