U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-22-2019, 04:28 PM
 
10 posts, read 8,536 times
Reputation: 15

Advertisements

I have an online business, sort of like an arbitrage service in a very high demand industry started 2017. Just want to move on and try other ventures. Monthly revenue is about $2,000 to $3,000 per month from like 30-40 orders per month. With about $700-900 expenses per month. Comes with a team of specialized experts. Less than 10hrs per week is required. The business is attached to a google voice number which can easily be transferred and domain name(email) no actual website is built. Although a website would multiply income definitely due to the global demand. Just grown bored of the industry and feel its time to move on to my bigger dreams.

I'm selling because I want to focus on my real estate career. I'm not sure if its possible to sell a service that doesn't have a website built yet.

Any advice on this would be greatly appreciated
Reply With Quote Quick reply to this message

 
Old 11-24-2019, 07:36 PM
 
8,359 posts, read 7,514,765 times
Reputation: 3990
How can be an online business if no website?

Can you what industry you provide the service to? If not, why not? What is big deal?

Last edited by NJ Brazen_3133; 11-24-2019 at 07:56 PM..
Reply With Quote Quick reply to this message
 
Old 11-25-2019, 06:43 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
32,355 posts, read 58,985,001 times
Reputation: 35389
What is there of value that will justify any sale price? With only 2-3,000/month from 30-40 orders, no guarantee that the customers would remain with the buyer, and no website it seems a high risk at any price. Are there any tangible assets - equipment, materials or supplies? If you became bored in only two years and took that long to get to your current level of revenue, you might have a hard time finding a buyer.
Reply With Quote Quick reply to this message
 
Old 11-25-2019, 04:26 PM
 
Location: Silicon Valley
4,865 posts, read 2,188,395 times
Reputation: 7908
Is it American Certified Microsoft Security work with a backoffice in Mumbai?
Reply With Quote Quick reply to this message
 
Old 11-25-2019, 06:43 PM
 
Location: North Idaho
24,652 posts, read 32,297,954 times
Reputation: 50002
Websites that generate income can be sold. Maybe your best option is to go ahead and get that website up and running before you try to sell.


Sales price will be based upon the amount of verifiable income.
Reply With Quote Quick reply to this message
 
Old 11-26-2019, 11:21 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
7,080 posts, read 4,955,539 times
Reputation: 9746
Quote:
Originally Posted by Wbnm99x View Post
I have an online business, sort of like an arbitrage service in a very high demand industry started 2017. Just want to move on and try other ventures. Monthly revenue is about $2,000 to $3,000 per month from like 30-40 orders per month. With about $700-900 expenses per month. Comes with a team of specialized experts. Less than 10hrs per week is required. The business is attached to a google voice number which can easily be transferred and domain name(email) no actual website is built. Although a website would multiply income definitely due to the global demand. Just grown bored of the industry and feel its time to move on to my bigger dreams.

I'm selling because I want to focus on my real estate career. I'm not sure if its possible to sell a service that doesn't have a website built yet.

Any advice on this would be greatly appreciated
Looking on the high side of the numbers, the net is 2k a month at 50 per hour. I don’t know that I would pay that much for something that labor intensive for such a small amount.
Reply With Quote Quick reply to this message
 
Old 12-01-2019, 09:03 AM
 
978 posts, read 556,865 times
Reputation: 757
This sounds like a scam to me. And not just anyone can buy and successfully operate this kind of service.
Reply With Quote Quick reply to this message
 
Old 12-01-2019, 10:51 PM
 
14,160 posts, read 5,846,608 times
Reputation: 16968
Sounds like an Amazon Marketplace or Ebay seller or some other kind of reseller.



My question is why someone would need to buy this business versus just starting this business on their own? What is proprietary and protected about it? You see this on Shark Tank a lot. Someone finds a new niche making decent vacation money but there is no barrier to entry for someone else. Thus it is a bad long-term investment because it could be irrelevant tomorrow.
Reply With Quote Quick reply to this message
 
Old 12-02-2019, 08:57 AM
 
4,540 posts, read 3,714,202 times
Reputation: 9645
How easy would it be for a prospective buyer to duplicate after you've disclosed the workings of the business?
Reply With Quote Quick reply to this message
 
Old 12-04-2019, 08:44 AM
 
Location: In a city within a state where politicians come to get their PHDs in Corruption
1,781 posts, read 1,292,554 times
Reputation: 3422
Quote:
Originally Posted by Wbnm99x View Post
I have an online business, sort of like an arbitrage service in a very high demand industry started 2017. Just want to move on and try other ventures. Monthly revenue is about $2,000 to $3,000 per month from like 30-40 orders per month. With about $700-900 expenses per month. Comes with a team of specialized experts. Less than 10hrs per week is required. The business is attached to a google voice number which can easily be transferred and domain name(email) no actual website is built. Although a website would multiply income definitely due to the global demand. Just grown bored of the industry and feel its time to move on to my bigger dreams.

I'm selling because I want to focus on my real estate career. I'm not sure if its possible to sell a service that doesn't have a website built yet.

Any advice on this would be greatly appreciated
In short, nothing. It's a two-year old business with $30k in annual revenue. There's no market for that.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top