Originally Posted by
utopiaplanatia
Yes, absolutely. There's no real downside for us. It really hurts to sell it. Income is up this year by 30% and continues to trend upwards Obviously, if we can't find an partners, it's a keeper and will make a real nice retirement fund.
Unfortunately waiting is not an option. With the real estate market in my city, we want to get a house now... otherwise it means signing another 1 year lease and we really don't want to do that.
Expecting A LOT more than $10K for a downpayment. Would never, never think of selling for less than $50K considering the history, income, documentation, domain age, Alexa rating, etc. etc. I realize that (so it's been said) speculators prefer to pay 10-18 months of net income -- but I've sold another hosting company about 4 years ago for 40 months worth of income and it didn't have what this company has now.)
Just thought I would mention that because the last time I sold a business, I got all kinds of armchair experts who read (on a forum I suppose) about the "rules" for selling a hosting business based on x months of income. That formula is for liquidators and does not take into account goodwill, domain age, standing, difficulty of operation, etc.
Again -- thanks for chiming in.