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Selling A Web Site
Posted: Fri Nov 10, 2006 10:22 am
by s.dot
I have a website that I am considering selling (please no questions on which.. I am not sure yet.)
I've had it appraised. The actual site according to the appraisal was $32,500 and the domain name was worth $2,500.
How do I go about doing it or let people know that it is up for sale? What kind of documentation do I need?
Posted: Fri Nov 10, 2006 10:27 am
by RobertGonzalez
Is the web site tied to a business or an individual? Are there any legal entities associated with the site/domain?
Really you should ask a lawyer, preferable one that has handled business sales, mergers or acquisitions. Get their input.
And congrats on building a site that attracts that level of use. That is amazing dude. Good job.
Posted: Fri Nov 10, 2006 10:30 am
by s.dot
Thank you.
I only posted the dollar amounts because selling it on a forum or some other online medium would probably not attract the kind of people that I am looking to sell it to. I think only a business would be interested in purchasing a web site in the thousands.
Posted: Fri Nov 10, 2006 10:34 am
by RobertGonzalez
That is usually the case, but not always the case. If the site can generate enough cash flow to justify a $35,000 expense, any business-minded person would at least consider looking at it. The cost of the purchases is not the only thing to look at. Sometime the potential value is enough to make someone want to buy.
Posted: Fri Nov 10, 2006 10:34 am
by jayshields
I'll give you three quarters of a chicken and donner kebab wrap for the website. It's approximately 12 hours old and refrigerated. I had it apraised for $35,000 - that's $2,500 profit right there.
Posted: Fri Nov 10, 2006 10:54 am
by Luke
jayshields wrote:that's $2,500 profit right there.
scottayy... you'd be a fool not to take this offer.
Scottayy - ask some business owners how they would go about it. Do you work for a business owner? Ask him/her. If you have any friends with good business sense, I'd definitely cash in on their advice.
Posted: Fri Nov 10, 2006 11:09 am
by Jenk
jayshields wrote:I'll give you three quarters of a chicken and donner kebab wrap for the website. It's approximately 12 hours old and refrigerated. I had it apraised for $35,000 - that's $2,500 profit right there.
Is that a sly comment that appraisals can mean diddly squat, and that scottay should get a 2nd, 3rd, 4th and even a 5th opinion?

Posted: Fri Nov 10, 2006 12:32 pm
by alex.barylski
Good job scottayy - all I have to say about that

Posted: Fri Nov 10, 2006 12:53 pm
by jayshields
Jenk wrote:jayshields wrote:I'll give you three quarters of a chicken and donner kebab wrap for the website. It's approximately 12 hours old and refrigerated. I had it apraised for $35,000 - that's $2,500 profit right there.
Is that a sly comment that appraisals can mean diddly squat, and that scottay should get a 2nd, 3rd, 4th and even a 5th opinion?

Maybe...

Posted: Fri Nov 10, 2006 1:27 pm
by s.dot
I'm not so much interested in the appraisal right now. I'm interested in the practices of selling a website that has a ballpark figure of what the appraisal mentioned.
Thanks for the feedback. Everah, I think I'll go with your advice and consult a professional/lawyer.
Posted: Fri Nov 10, 2006 1:51 pm
by RobertGonzalez
Good luck buddy. I hope it all works out for you.
<Mater voice>
I know now is not a good time, but you owe me $32,000 in legal fees.
</Mater voice>