Selling a small business. Any advice?

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rcktoo

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Hello,

I am a student from Cape Town, about to finish up my degree. About a year ago, I started a small "clothing" company (primarily caps and head wear.) with the hope of growing it into something much larger. I got it off the ground and made an excellent start.

Right now, I don't have time to grow this business and would rather have it loved and cared for by someone who does have the time.

So far I have:
- .com domain (Blog, small online shop set up and an online business project management system.)
- Company social media accounts (With followers and fans.)
- All resources. (Paperwork, receipts, business cards, source files, media files, branding, etc.)
- 250 limited edition caps. (Designed with love, style, and attention to detail and made by the best head wear manufacturer in the world.)

Does anyone have any recommendations on where I can try and sell my business?
I'm not really looking to make a massive profit off of the sale, I just want to cover my initial expenses.
 
dude, you are an online business, so try online places first (gumtree, classifieds etc), unless you have decent figures, then get a business broker, that is their job and how they make money
 
How much are you looking to get for it?
 
vottle.com has a business for sale section.
 
I'm hoping to get around 15. Like I said, I'm not looking to make a massive profit. I just want to cover my expenses. It was tons of fun growing it and actually getting this far.
 
Last edited:
Sell a large stake off to a BBBBBEEEEEEEEEE empowerment firm. Have them toss some under table money to Cosatu to secure a tender to supply hats and shirts for the next Cosatu strike.

Profit!
 
You looking at lump sum or monthly payments?
 
I'm hoping for a lump sum. This seems to be a little harder than I thought, especially because of the size of this business.
 
encrypted said:
Sell a large stake off to a BBBBBEEEEEEEEEE empowerment firm. Have them toss some under table money to Cosatu to secure a tender to supply hats and shirts for the next Cosatu strike.

Profit!
Click to expand...

I can picture matric accounting in future:

Your business is worth R100k. Your auditor friend has it valued at R500k. Your ANC friend buys it for R1000k, getting the taxpayer to pay, and you give him a R100k cashback for his help. How much money have you made?
 
Too bad would have been intrested with monthly pay off

Sent from my MB525 using MyBroadband Android App
 
cbrunsdonza said:
3 x your monthly turnover or the value of your stock, whichever is greater. Thats what they teach in Entrepreneurship at University ;)
Click to expand...

thats bull****, frankly. Time to change whatever university it is you are at.
 
why sell the whole things... sell half and let them run it... keep yor 49% and still make y9our share
 
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