Quote:
Originally Posted by movieguy
Don't talk to Jay or Jimmy at Broker. You don't need a middle man.
Don't entertain offers here. Go to Wickedfire.com or any of the gay boards. Webmasters who run gay sites, will appreciate the value of your offering and will give you a fair price. I was present when Shap sold his company to Mindgeek, and they severely undervalued the gay side of Shap's business, simply because that was not their strength and they wouldn't know how to properly nurture it.
Don't sell for less than 5X yearly net profit, but aim for 10X. In this ultra low interest rate environment, even junk bonds are getting well less than 5%. A business that can return 10% is phenomenal.
Do have all your figures ready to show prospective buyers, and an NDA for them to sign (if you care about your numbers leaking out)
|
This is good advice.
Also keep in mind that some of your competitors will just want to see what you have so that they can up their own game.
It happened to me. SO be careful what you do and who you talk with. A prospective buyer is going to ask you to Show them the money. Before you do, make them show you their ability to buy.