If you owned a profitable small business, how would you sell it?

Question

I have a small business (under 30k per year). I produce and sell a product that sells for $15 and costs $6 to make. The problem is, I continually drain the accounts to provide for my family. Once again, I have orders on the books, we are coming into Golf season (its a golf product) but I have no money or credit to produce inventory (I need about 6 grand). I'd like to sell it. Any suggestions?

Answer 1

You have an operations problem not a business that can be sold.

In my town there is a smart, yet honest business man, who helps people in exchange for a stake in the business. He knows how to make money, but does not have the specific expertise required to make "golf products" or whatever. I met my friend through church. That doesn't automatically make him honest, but you know that anyway.

Ask around your town who the honest, smart person is and talk to him about your business. He may be able to assist you so that you both make money on what is a healthy product margin if you can make for 6 and sell for 15.

Answer 2

No money, no accounts receivable, no stock on hand, What would someone be buying???

And once you showed him what the business is all about, why wouldn't he just go duplicate your business without buying yours?

Sorry, I think you are out of business

Answer 3

Visit www.bizzquest.com to contact a business broker, they can answer all your questions!