351, opinion on what to price a business Posted by hsam, Tue Aug-14-07 06:31 AM
Hi,
I have been selling an accessory for the Nintendo Wii since february this year. It is an accessory that I have designed, and manufacture myself.
This accessory has been reviewed favorably by several top end video game product review sites, and has excellent customer feedback.
I sell the accessory on it's own e-commerce site, and also on ebay. (I advertise with google adwords, and also get sales from links from the review sites).
The profit of the item is good: I currently make about $15 profit on each item I sell. (gross proceeds per sale is $20.99 or more)
Since february I have grossed over $16,000 in sales on this item.
I am now looking into other business ventures, and ideas. I am interested in selling this "business venture" along with the website, and existing inventory. (I have enough inventory to sell another 300 or so accessories)
My question is: How would I go about determining a price to sell this business venture, and how would I go about finding buyers.
Thanks in advance Joe
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