My wife has finally started talking about selling our business. I have been semi retired for
almost two years, wanting her to sell so I can fully retire.
I don't think the business has a great value, mostly because it just generates two incomes,
which are above the area's per capita income but still, just generates an income.
This areas per capita income is $22,400, our net incomes has averaged $40,000 over the last 6 years.
So a business that generates a net income of $80,000, with assets of less than $10,000, no real estate.
We only sell one item and have hours of 7 days a week 10 hours a day 363 days a year.
I don't want to finance the sale, I know that lowers the value, but I just don't want to get $20k or $30k
and then have to go back to work regaining the customer base just so I can sell it again.
Any thoughts on how to price such a business.