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Selling up

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Topic: Selling up
Posted By: Gullanian
Subject: Selling up
Date Posted: 04 October 2005 at 6:28pm
How do you go about selling a business, as in where do you find people looking to buy one, and how are business valued?  I heard a years turnover is what a business usually goes for?



Replies:
Posted By: Skyforum
Date Posted: 04 October 2005 at 11:15pm
I would recommend that you talk with a commercial realtor. They can get you headed in the right direction and at least hook you up with someone that can help you get a qualified appraisal of your business.


Posted By: Gullanian
Date Posted: 05 October 2005 at 10:48am
I've heard good things about this forum, so put it for sale up on there to see if it generates any interest:

http://www.sitepoint.com/forums/showthread.php?t=304950

If anyone is a member on that forum, I would appreciate it if someone could vouch for me!


Posted By: michael
Date Posted: 05 October 2005 at 11:04am
You wrote up a very good document and if the number are correct I am sure you could get descent offers. Good luck.

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Posted By: Gullanian
Date Posted: 05 October 2005 at 11:13am
Do you know of any other sites where I could put it up for sale?


Posted By: WebWiz-Bruce
Date Posted: 05 October 2005 at 11:30am
May I ask why you are selling up?

As after all the hard work setting it all up, it looks like it's now starting to pay off.

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Posted By: Gullanian
Date Posted: 05 October 2005 at 11:33am
Well, if anyone goes anywhere near my ballpark figure, for me that's a lot of money that would pay of my entire student loan.

I setup the site expecting a few pounds a day, and it's far exceeding that, so for me it's been a sucess.  If it can pay of my student loan, then for me thats a success I didn't even dream about before setting it up.

I'm also in the process of working on another business site, and development would be a lot quicker if I could sell my other one off.


Posted By: Gullanian
Date Posted: 10 October 2005 at 12:46pm
Highest serious offer I got was £6.5k, not quite enough by about £1k, does anyone know any good reputable sites designed for selling websites?


Posted By: the boss
Date Posted: 10 October 2005 at 3:19pm
ebay??

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Posted By: Gullanian
Date Posted: 10 October 2005 at 4:03pm
Ebay looks like a joke to me for businesses and websites, haven't seen a single business/website on there that gets anything near it's worth.


Posted By: Gullanian
Date Posted: 12 October 2005 at 10:55pm
Sold it Big smile  C4sms is no longer mine.


Posted By: the boss
Date Posted: 13 October 2005 at 12:46pm
congratulations.. perhaps no more threating emails to you now!! care to disclose any details Smile

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Posted By: Gullanian
Date Posted: 13 October 2005 at 1:53pm
Never got a threatening email, one threatening phone call though from a smelly irate customer, but not much to tell really!



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