Business - lease or sell?

Tipp-Boy

Hi,

Just wondering what road I should take with my business (website). I developed a business about 2 years ago (while also working full-time) and it has been a good success - keeps me busy and pays its way, its an interest of mine too so that helps. Anyway I've now got no longer enough time to keep the two going and wondering what approach I should take - would it be worth trying to get lease the site (and knowledge) to another party perhaps with an option to buy in 12-18 months (keeping the cost low for the person taking it over); I think it maybe a good business for someone recently made redundant or looking to take something on part-time or should I try and just sell upfront.

Any advice you have would be appreciated.

Darragh29

I'd flog it if I was in that situation. What kind of money would you be looking for for it?

Tipp-Boy

Darragh29 wrote: »

I'd flog it if I was in that situation. What kind of money would you be looking for for it?

Hi Darragh29 - the decision to buy/sell really depends on the market and whether interest is there or not. I like the idea of an 'option' for two reasons;
1. It gives potential purchasers an opt out if things aren't as they would wish
2. It creates interest - it is relatively low risk for the potential buyer

In terms of money - that is all relative (and not really suitable for public knowledge) but needless to say its not excessive and would be representative of the potential out there (for a person with the time to but in etc..) - the industry is regarded as being one that is the most insulated from tough economic times.

Thanks for the advice.

Darragh29

Tipp-Boy wrote: »

Hi Darragh29 - the decision to buy/sell really depends on the market and whether interest is there or not. I like the idea of an 'option' for two reasons;
1. It gives potential purchasers an opt out if things aren't as they would wish
2. It creates interest - it is relatively low risk for the potential buyer

In terms of money - that is all relative (and not really suitable for public knowledge) but needless to say its not excessive and would be representative of the potential out there (for a person with the time to but in etc..) - the industry is regarded as being one that is the most insulated from tough economic times.

Thanks for the advice.

I might be interested in it myself depending on the activity. Sure drop me a PM if you want to discuss.

Lplated

I'd be wary of the lease with option to buy road - what if the person who leases it messes up your good business (accidentally or otherwise) in the 12 to 18 month period - your left with a business worth much less than it should be and the job of building it back up again.

If you can get a good price to sell I think thats the best option (or continue to develop it further yourself).

Tipp-Boy

Lplated wrote: »

I'd be wary of the lease with option to buy road - what if the person who leases it messes up your good business (accidentally or otherwise) in the 12 to 18 month period - your left with a business worth much less than it should be and the job of building it back up again.

If you can get a good price to sell I think thats the best option (or continue to develop it further yourself).

Yes - I would have to have some control over the output with parameters that would need sign-off prior to rolling out, these would be thrashed out at the time and would depend on the relationship with the potential purchaser; it really does depend on how the initial discussions pan out.
Thanks for the advice.

businesses

Hi Tipp-Boy

You could sell a portion of the website to a potential working partner and keep a stake that would allow you to keep the content and direction of the website at the quality you wish. By bringing in a working partner- you can leave the day to day running of your business while also benefiting in its success.

Emily

enviro

Hello Tipp-boy, I would be interested as to the detail of your business and it may be one that id invest in, I have an online business too and am looking to improve / add to my portfolio. PM me if you are want to discuss this futher. Thank you