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by curt 5625 days ago
Depending on your city, (if you're in the midwest email me and I can recommend a few people) there are firms (Small-Cap Investment Bankers) that specialize in acquisitions. Hire one, it'll cost money but you you'll avoid mistakes and get the optimal deal possible. If you don't know the due diligence process, you can very easily get screwed, so don't do it yourself (unless they are offering peanuts and doesn't make sense to hire anyone).

By what you said they should be offering at least a few hundred thousand if not $500k+. They are interested for the branding/PR aspect which could be valued into the millions. So don't only look at the financial, this is more of a strategic buy, so instead of asking what the company is worth to you... Ask what it's worth to them...
1 comments
luckyclueless 5625 days ago
Great advice. I'm in SoCal and I have no idea which acquisition firms are good. I'll ask around.

First I'm going to see if I can get them to tell us a ballpark figure before I involve any other parties.

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curt 5625 days ago
Be very careful, you might accidentally make an offer. Read up on contract law and if you don't understand it find someone that does.

Make sure to close the holding LLC after the sale so you limit any potential liability.

EDIT: Most of these firms will give you a few hours of advise for free in the hope of more business. Don't be afraid to ask. Also you can make the payments contingent on the sale as a percentage.

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