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What is best strategy for quickly selling new business?

I started a zoned automotive guide and website 4.5 mos ago that are growing quickly. I have reinvested profits and expanded it to now cover six counties. Projecting forward sales is $200K plus with cash flow of $50K plus. There is huge growth potential, but I have received a job offer that is too good to turn down and cannot do both. Can anyone offer a quick sales strategy to maximize value? A local newspaper expressed interest at 3x cash, but it can't happen quickly enough. A friend sold his publications a few years ago at 16x projected cash, but there was an earn out involved and he had to stay on for 5 years. Help me find the sweet spot....

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The BAF Group LLC
MD

16 times PROJECTED cash flow may be completely out of the question, in this market. An earn-out would be mandatory. Staying on is probably required, but how much and for how long would depend on the amount of work to be done on a daily basis, and the qualifications of the Buyer. The less you are able to stay on, the less the multiple you would receive. You need a Broker.

Jun 21, 2013

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