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Feedback Needed If you were in my shoes?

by WholesalerJoe
11 replies
I have a buyer expressing interest in buying my business
My site is two years old with these stats
Total Revenue: $637,407.28
Unique Visitors: 596,285
Completed Orders: 3970
Conversion Rate: 0.67%
Profit at 18% give or take 2 points either way depending on product
and cost acquistion..........

What would be your asking sales price to be fair to the other party?

I look forward to your feedback
#feedback #needed #shoes
  • Profile picture of the author Velant
    What's your monthly income from this?
    A rough guide for asking price is usually
    "montlhy income x 10-12"
    but to get a better idea I'd go to flippa and see what ppl are asking for websites with similar parameters
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    • Profile picture of the author WholesalerJoe
      Yup I know bout Flippa I just want to see what the normal equation is to figure the value of business doing these type of numbers.... So take profit
      per month times 12 is the normal for internet businesses that are established?
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      We Wholesale Jewelry Clothes and Many Other Closeouts NEW DAILY DEALS!
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  • Profile picture of the author Clyde
    It depends mostly on the nature of the business.

    Flippa.com would be your best bet. Make sure you include all the stats and make them sign NDA before actually revealing it to them
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  • Profile picture of the author derricks4
    What type of business? This will have an affect on the price.
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    • Profile picture of the author WholesalerJoe
      The business is physical merchandise mixed with some affiliate offers sparingly
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      We Wholesale Jewelry Clothes and Many Other Closeouts NEW DAILY DEALS!
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  • Profile picture of the author aajvcad
    People say 8x monthly income... why would you do it though if you are going to make it in 8 months aniway.. not sure..

    Maybe write a figure on paper you would be happy with and ask them to make an ofer...?
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  • Profile picture of the author IM Gold
    depends on the niche and traffic methods etc but as a rule of thumb i'd say between 8 and 12 months income but as someone else said if its making such good returns why sell (unless you know the traffic is going to fall soon!)
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  • Profile picture of the author idreesfarooq
    You can check with this formula

    6 Month Average Sale* 2 Years Profit.

    I think it will help.
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  • Profile picture of the author WholesalerJoe
    Thank you for the great feedback I am going to go with 15 months profit and then work from there.... thanks
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    We Wholesale Jewelry Clothes and Many Other Closeouts NEW DAILY DEALS!
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    • Profile picture of the author Zaney
      I would say it wwould be worth a handsome amount of money. Where as the "what you should sell it for" is totally dependent upon you.
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  • Profile picture of the author sbucciarel
    Banned
    The equations listed above are common on Flippa. A broker could probably get you a lot more, at least that's what I've been told. I don't personally have experience with brokers.
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