selling software/business

[stuckathuntermtn]

10 print "hello world"
20 goto 10

IP???

It can be

^^^ actual lawyer whom I met in the lift line

[Jeffreaux]

Some quick bullets:

No associated IP
It's custom software built by my business partner and myself
Value is based on cost of building from scratch as well, sales history and the performance of the software (including user engagement) over the last 4 years
Product and service is super stable and I have refs to confirm
Currently resides/runs on VPS
We had revenue as of last year, but haven't had the time to keep it going
I still think the market is big for running or resale, but I lack the connections/time to make it fly
Brokers involved for a $50K sale? Seems overkill

PM me if anyone wants to learn more. Tks.

Good luck but let us know. People sell revenue streams or assets. So you're down to an asset - with no obvious market. It's not like your selling a used pipe-bender with an active market for used pipe benders. I suspect that if you could prove out the model it would be appealing but if it wasnt worth your time probably not worth anyone else's.

FWIW, most business brokers on business below $1M revenues totally suck (think shitty real estate agents who collect listings). Most between $1 - $3M are better but not great. Again, good luck. Have you approached these references as buyers? Your best bet might be an earnout with someone you trust.

[BurnHard]

Good luck but let us know. People sell revenue streams or assets. So you're down to an asset - with no obvious market. It's not like your selling a used pipe-bender with an active market for used pipe benders. I suspect that if you could prove out the model it would be appealing but if it wasnt worth your time probably not worth anyone else's.

FWIW, most business brokers on business below $1M revenues totally suck (think shitty real estate agents who collect listings). Most between $1 - $3M are better but not great. Again, good luck. Have you approached these references as buyers? Your best bet might be an earnout with someone you trust.

Yup, that's the problem. Not to be harsh, just a few realistic thoughts (I work in the software industry and have been part of startup funding and late-stage M&A action):

Unless you have operationalized it, you are selling little more than an idea. Even built software is just an idea until it actually runs and has returning customers. Now you say you do have customers and are making revenue: maybe you have enough to prove a viable business model, or maybe not.

You have to stages of investors (buyers): early stage who invest in YOU and your team (and your idea), and later stage who invest in your proven scalable business model. You don't seem to have either, so selling will be very difficult.

[huckbucket]

Sorry guys. I know I've been cryptic. Software is fully operational. Site is medumail.com
Just some snippets below that don't do the story justice. Takes around 50 mins to go through case studies and full platform performance.

[jmedslc]

Send me a pm with more info.

Me too. Would like to hear more as I'm transitioning career