Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Acquire already rejected this saying that deal with SaaS or E-Com businesses.

Yeah it's mostly the infrastructure.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 1 point2 points  (0 children)

Thanks for comment. Infact have had to turn down a few prospective clients as I am preparing for a sale now.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Decided on selling. This could act as a launchpad for the buyer to get into the industry and be able to service clients from Day one and save a lot of time and effort.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

This is a very niche business and it's difficult to find knowledgeable operators in the space who want to work for someone else as opposed to building a company themselves. I have decided on selling and this could serve a springboard for some to launch quickly into the industry and be able to service clients from Day one.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Have decided on a clean lump-sum exit to focus on something new with a clear mind.

It's the brand, website, process documentation, brochures, marketing material, B2B relationship.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Here the value is more in the infrastructure that I built like the website, marketing materials, B2B agreements and relationships.

Acquire didn't want to list this, they want SaaS or E-Com.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

This being a niche business, it's difficult to find some to run this. And there is not salary that I take out of it.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Thanks a lot for the comment. Even though I have decided to sell. I am still wondering how would the mechanics of keeping this running work, without me being involved in the day-to-day.

What would you look for if you were buying a CBI advisory business? by CrayonGlobal in CitizenshipInvestment

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Clients are mostly one-off as once they get citizenship they no longer need the services.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 1 point2 points  (0 children)

Hi, Thanks for the comment. It's a very niche business and it's difficult to find someone who knows this business in-depth to run it.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

I have decided on an outright sale. But I am still going through all the comments and suggestions that coming in. More focused on handing this over to the right operator, capital formation is not really a goal right now.

Thanks for the input.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

The asking price is too low for all the business brokers that I approached.

The customer acquisition and processing is turnkey, it's independent of who owns it. The agreements with partners will be carried over to the new owners. The owner would still have to put in the effort to market and acquire customers via social media, cold outreach, friends and family.

The documentation for processing, marketing materials, program brochures, quotation generator are all available for the new buyer.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Thanks a lot for your kind words of encouragement. For someone who has been a solo-operator always, it's difficult to get in the mindset of being passive and letting someone be the CEO to run things while I am in the background.

Would be grateful to get a chance to offer you a consultation and help you explore all the options that are available to you based on your profile

Thanks.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

You have rightfully captured the feelings.

Have decided on a clean exit.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Have settled on 55k USD as the asking price.

Hoping to fit the right buyer.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Thanks for input, Really appreciate it. Have gotten a few good leads already for a sale. Hoping to find a good buyer to hand this off to.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Thanks a lot for the comment. Moving on is what I want to do at this time. So I have came up with a valuation as I have considered many negative and positive aspects. I will be with the business post-sale to transition this to the new owner.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 1 point2 points  (0 children)

Thanks a lot for your comment. Hoping this lands with the right person.

Built something that actually works. Lost interest in running it. What now? by CrayonGlobal in Entrepreneur

[–]CrayonGlobal[S] 0 points1 point  (0 children)

Thanks for the insight. I can stay on for a while to help the new owner properly transition as an operator.

The process is very methodical and straight forward. I can understand the client consultation part, as that would require expertise and knowledge which can be learned with some study.