4 ms·
You have two options you can follow: 1) your company is profitable, it may interest pretty much any independent person to pick it up, grow it a little bit and
by alain94040 17y ago
You have two options you can follow:
1) your company is profitable, it may interest pretty much any independent person to pick it up, grow it a little bit and see what they can do with it. Sales price would be 1X-2X annual profits
2) your product has a strong synergy with a bigger company's products. You can target a strategic sale to them.
Approach #2 will yield a higher price, but could take you 6 months or more to close a deal. Approach 1 will not be as lucrative, but probably can be done quickly.
All of this assumes your financials are clean, there are no hidden costs or liabilities.