I own 50% of a small business that does around 90,000 in revenue per year. After expenses, it’s closer to 70-75,000 for the total business net income.
If I wanted to sell my half to my partner, what would be a reasonable offer that I should accept?
I own 50% of a small business that does around 90,000 in revenue per year. After expenses, it’s closer to 70-75,000 for the total business net income.
If I wanted to sell my half to my partner, what would be a reasonable offer that I should accept?
How key are you to the business? Do you add anything now, and will your loss assuming you sell and are no longer involved affect it in any way? If I was on the other side this may affect how I structure a payment. If you are key and the loss is felt then a deal over 5 years to pay based on how the business does to buy you out. If not, and you just own half the business then 70k profit a year depending on growth at least a 5 multiple on that IMO and I would start around 175k.