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Thanks for your comment – another thing I'm worried about is what next? I've been doing this so long, that, unfortunately, I've gotten quite comfortable at it,
by just_to_ask_sam 10y ago
Thanks for your comment – another thing I'm worried about is what next? I've been doing this so long, that, unfortunately, I've gotten quite comfortable at it, and worry that I wouldn't know what to do next.
- gigatexal 10y ago400k a year means the selling price would be about 4 million? How're your savings? I think that would be enough cushion to either seed your next thing or help you have the time to study and get up to speed for a 9 to 5.
- wnm 10y agoI don't think you can get 4 million. Looking through some listings on a broker like FEInternational (https://feinternational.com/buy-a-website/ https://feinternational.com/buy-a-website/), most SAAS businesses are valued at 3-4x anual profit. He said profit margins were 60%, so $400000 x 0,6 x 4 = $960000. And thats for a healthy business. This one is not growing, so you get probably less then that. After the seller's fee, and taxes you might end up with something like $600k.
- gigatexal 10y agoAhhh well then I am way off.
- just_to_ask_sam 10y agoIndeed, it would be around $600k after paying back investors and such. Even if I did net the $600k (3x my current annual salary), I wonder if I could use it to recreate something I have right now (a biz that produces $200k/year for me w/ little effort)