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Re: Possibly selling business - Advice required

Posted: 24 Aug 2021, 16:16
by pw66
Justin;149073 wrote:Yes we have a healthy turnover and a good number of loyal trade customers. The business does well which is why I'd prefer not to break it up but it could do so much better if someone came in and ran with it.
I have a healthy business, but without any unique products I am a bit vulnerable. Someone could open up next to me tomorrow and every single one of my suppliers would serve them.

You illustrate the value of webshops and branding.

Re: Possibly selling business - Advice required

Posted: 24 Aug 2021, 17:20
by Justin
It's often the way with Sublimation, so many folk doing it and so many starting out all the while....not that many folk are doing it properly! lol.

We've diversified where we can over the years, whilst we still do sublimation we offer a wide range of products to take advantage of several other markets.

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 15:50
by Justin
Well we've pretty much deicded to sell up. I have another opportunity knocking at the door so maybe time for a change.

Would be great to find someone to take everything over as a going concern but I realise that's unlikley. I think we'll be splitting the business into a few sections and selling everything off that way.

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 19:43
by Mrteajunkie
Justin;149085 wrote:Well we've pretty much deicded to sell up. I have another opportunity knocking at the door so maybe time for a change.

Would be great to find someone to take everything over as a going concern but I realise that's unlikley. I think we'll be splitting the business into a few sections and selling everything off that way.
Are you keeping the forums open mate?

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 19:45
by Justin
Absolutely! No worries there!

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 20:10
by Mrteajunkie
Phew lol :P

What you branching off into next may I ask?

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 20:35
by Justin
Totally unrelated industry

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 20:36
by Mrteajunkie
Ooh secrets. Porn star I reckon now that only fans have reversed the decision on graphic content lmao.

Re: Possibly selling business - Advice required

Posted: 25 Aug 2021, 20:37
by Justin
Haha, you've found me out!

Re: Possibly selling business - Advice required

Posted: 26 Aug 2021, 09:17
by Fletcher
I've been looking at online shops with good reputation, basically taking over someones feedback. I can add our products no issue. but prices vary so much. I may be interested in your online shops for us.