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  1. #1
    Senior Tech 250+ Posts
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    Selling a business???

    I'd like to know what roads you guys have taken (or considering taking) when going to sell your business? I had one business broker tell me it was "unsalable" because I WAS the business! I'm like, yeah, but its not like it's not duplicatable??!!
    Its been very profitable, especially in these later years, so I'm hoping somebody with half a brain wants to run a business that has a future.. thoughts?
    OC

  2. #2
    Service Manager 1,000+ Posts
    Selling a business???


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    Re: Selling a business???

    Quote Originally Posted by Oystercopy View Post
    I'd like to know what roads you guys have taken (or considering taking) when going to sell your business? I had one business broker tell me it was "unsalable" because I WAS the business! I'm like, yeah, but its not like it's not duplicatable??!!
    Its been very profitable, especially in these later years, so I'm hoping somebody with half a brain wants to run a business that has a future.. thoughts?
    OC
    I was ready to link this recent robust discussion on the topic and realized you started that thread too, what gives?

    Sale of a Copier Business...

  3. #3
    Senior Tech 250+ Posts
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    Re: Selling a business???

    Quote Originally Posted by JR2ALTA View Post
    I was ready to link this recent robust discussion on the topic and realized you started that thread too, what gives?

    Sale of a Copier Business...
    Well I went looking for another thread related to this and didn't see one, so my apologies for irritating you for starting a second thread!
    Thanks for nothing!

  4. #4
    Service Manager 1,000+ Posts
    Selling a business???


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    Re: Selling a business???

    I recalled a thread on the topic, searched for it to help you as I try to help everyone. I then saw you started both threads so I was wondering what gives. But I'll just step aside and hopefully you get the answers you're looking for.

  5. #5
    Service Manager 1,000+ Posts
    Selling a business???


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    Re: Selling a business???

    Quote Originally Posted by Oystercopy View Post
    I'd like to know what roads you guys have taken (or considering taking) when going to sell your business? I had one business broker tell me it was "unsalable" because I WAS the business! I'm like, yeah, but its not like it's not duplicatable??!!
    Its been very profitable, especially in these later years, so I'm hoping somebody with half a brain wants to run a business that has a future.. thoughts?
    OC
    Hey Oyster, haven't seen you around on this forum for awhile. Hope all is well.

    I recall this being discussed on this forum before but no harm in posting a new thread. I was thinking the same thing, if there was a formula or something. I know with some business's it's selling price is like 2.5 times what the 1040 tax forms show. Haven't been able to get a definitive answer on this.
    This is reason I was trying to show all $$ on the books these last few years to make business worth more on paper when ready to "try" and sell.

    I know with some other small copier companies like myself they ended up selling their accounts to big dealers. And didn't get much for them! And right away big company tried to upgrade all of the accounts!

    One idea I had when ready to sell is find another tech and introduce them to my accounts and then have them take over after a few months. It would have to be the right person that won't hurt my customers! Most of my 200+ accounts have been with me for 20+ years and many are like friends so don't want to throw to the big company sharks and their scumbag salespeople! I've even thought about perhaps being paid half up front and hold the rest of note for 3-5 yrs. Have in writing that if they screw up and don't pay I get the company back! Also offer to stay on part time with minimal pay.
    A great concept would be an experienced tech and "honest" salesperson buy it together and build it up with a nice base to start. I never wanted to get much bigger and why I never hired a salesperson.

    Just some thoughts as I'm getting close to retiring in next few years. If I hear or think of anything else with selling will PM you as well as post in this thread to help others.

    Best of luck

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