Home – New Forums Starting your journey How do I liquidate my business.

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  • #983329
    Pre-launch
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    I have thousands of dollars worth of clothing stock and a retail website that I spent about $10K on.

    I want to offload it all and get whatever I can for it.

    What should I do?

    #1141836
    Kennethti
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    Find a buyer.

    There are some business brokering agents out there which might be able to assist you.

    You might also need to talk to an accountant.

    #1141837
    billyslater
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    What’s the website address?

    #1141838
    MatthewKeath
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    Stock I am not sure about, but in regards to the website, it’s only worth something if it’s actually making sales, whether it cost $5,000 or $50,000.

    #1141839
    MH08
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    You have had a tough ride by the sounds of it, I remember the other threads you started, its very unfortunate to see someone work hard and have this happen, not to worry at least you know what you did wrong and don’t do it the second time!

    The easiest way to do this without spending much on accountants.

    Isolate all the debts, product finance (accounts) or credit finance.
    Then isolate what your left with deducting the debts away from your assets.

    This should give you a clearer view on the net worth of the business, you will see how much you need to sell and how much to get yourself out of the hole.

    I think websites are being valued at $0.45 – $0.55 at the moment, subscribers or re-occuring visitors will give the value, so just multiply them and throw it up on flippa.com or the other FS’er here that offers an online market for selling websites.

    Hope it helps,

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