[glasses]

What about letting someone take over the project but you get to keep a share of the profits for guidance and advice (30% or so).

It benefits both parties, you know what features the project needs to implement and what direction it needs to take to make more money, while the new owner/developer gets ramped up. You guys can even agree to a one year period of help and then separate, but at least the project keeps running and making money.

Not sure if this is usually done, but it seems like everyone wins :)

[EvanMiller]

I like the idea, but it seems a bit risky and would require a lot of trust. I'd be open to this with someone I trusted, but I don't want someone to take the software as passive income and ride it down without fixing bugs etc.

[tacostakohashi]

Also, no sane person is going to sign up for doing 100% of the future work for less than 100% of future revenues.

I also have a very marginal side business I want to dispose of (about the same revenue). The best model I could come up with was that I would be willing to sell it for, say, 100% of the next years revenue, 50% of the next two years revenue, etc. That way, the buyer doesn't risk paying too much (since the price is tied to revenue), and the seller is incentivized to do a reasonable handover, take care of teething issues, etc, but the buyer will also try hard to take things over completely for when the seller is no longer around.