I built a small business over the last several years that I believe has a lot of potential but I have not spent the time necessary to grow it. Life happens and the side-hustle just wasn't the priority.
I have a lot of stuff and the business has value but I don't have the slightest idea how to find a buyer so I can transfer it all to someone who has the time and energy to grow it.
About the business:
- It's an e-commerce business with physical inventory.
- The product is a game that is assembled in my basement currently and shipped out as orders come in.
- I sold probably $20,000 in merch last holiday season with 50% margins.
- I own a patent on the product
- I have social medias with followers although I have not been active the community is typically an engaged one.
Is there a marketplace or somewhere people actually go to find businesses for sale? Googling this typically gets you some spammy sites that have no real users but I need an exit for this if possible.
How do you go about selling a small business?
byu/oregiel inEntrepreneur
Posted by oregiel
4 Comments
Flippa is a fairly good site for this kinda of thing.
hey, sounds like you’ve got something solid there. selling a small biz ain’t easy, especially with all the noise out there. have you tried reaching out to industry contacts or networking events? sometimes the best buyers are found through word of mouth. just keep it real and transparent when you’re putting it out there. hustling isn’t always about the show, sometimes it’s about the quiet moves.
I use a broker, am on my second sale in two years
list it on flippa or empire flippers for real buyers or try a broker / niche contacts since your patent makes it attractive.