Got an offer to buy one of my sites...ADVICE PLEASE!!

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  • TimBlaze
    Confirmed User
    • Oct 2006
    • 1625
    #1

    Got an offer to buy one of my sites...ADVICE PLEASE!!

    I got an offer to buy my main website which is my main source of income...it earned (gross) 47k in 2007 and 36k in 2008, which is a decent drop, but its bouncing back for 2009. the offer is $60k with a $15k down payment and the rest to be paid out over 3 years. buyer wants to keep me on as co-webmaster for $500-750/month after sale.

    i haven't yet gone to college and this is my full time job so i want to make sure i do the right thing before heading to school...i could always build up one of my smaller sites after the sale but it would be a slow process and visitors may not like it as much as the main one id be selling...

    thoughts?? its a mainsteam site with a steady reader base and daily fresh traffic that combined comes out to about 10k uniques a day on avg (give or take of course)
    Roll that shit, light that shit,
    Tags: None
    • HorseShit
      Too lazy to set a custom title
      • Dec 2004
      • 17513
      #2
      whats the site?

        Comment

        • JamesK
          hi
          • Jun 2002
          • 16731
          #3
          I'd keep it... think long term.
          M3Server - NATS Hosting

            Comment

            • Ozarkz
              So Fucking Banned
              • Jan 2009
              • 2377
              #4
              $15k down rest paid over 3 years?

              You are setting yourself up to get fucked.

                Comment

                • VladS
                  Available for Coding Work
                  • Jun 2008
                  • 1459
                  #5
                  Originally posted by Ozarkz
                  $15k down rest paid over 3 years?

                  You are setting yourself up to get fucked.
                  Probably, so make sure to sign a legalized contract if you decide to go on that route.
                  <developer> MechBunny / KVS / PHP / MySQL / HTML5 / CSS3 / jQuery
                  Email: vlad [at] dangerouscoding.com
                  Telegram: @dangerouscoding

                    Comment

                    • Sly
                      Let's do some business!
                      • Sep 2004
                      • 31376
                      #6
                      Why would you sell it and basically make $15,000 a year for the next three years from it? You could probably let the site sit and make more than that.

                      I wouldn't do it based on those terms.
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                        • TimBlaze
                          Confirmed User
                          • Oct 2006
                          • 1625
                          #7
                          Originally posted by Gsx-R
                          Probably, so make sure to sign a legalized contract if you decide to go on that route.
                          yeah there would def be a contract with a minimum monthly payment clearly outlined. thanks for the replies so far i really appreciate any and all advice
                          Roll that shit, light that shit,

                            Comment

                            • crockett
                              in a van by the river
                              • May 2003
                              • 76818
                              #8
                              Originally posted by Ozarkz
                              $15k down rest paid over 3 years?

                              You are setting yourself up to get fucked.

                              Agreed.. These deals never work out. If it were more money down then might be better but not even half, well I wouldn't do it.
                              In November, you can vote for America's next president or its first dictator.

                                Comment

                                • 96ukssob
                                  So Fucking Banananananas
                                  • Mar 2003
                                  • 12991
                                  #9
                                  Originally posted by Ozarkz
                                  $15k down rest paid over 3 years?

                                  You are setting yourself up to get fucked.
                                  yeah for sure. i wouldnt do it. even if they sign a contract they can file bankruptcy and good luck on collecting. id settle with them for $50k or walk away
                                  Email: Clicky on Me

                                    Comment

                                    • Agent 488
                                      Registered User
                                      • Feb 2006
                                      • 22511
                                      #10
                                      the buyer isn't Maryam Abacha or Dr. Felix Dikeibo is it?

                                        Comment

                                        • Sly
                                          Let's do some business!
                                          • Sep 2004
                                          • 31376
                                          #11
                                          Originally posted by TimBlaze
                                          yeah there would def be a contract with a minimum monthly payment clearly outlined. thanks for the replies so far i really appreciate any and all advice
                                          If they default or start ignoring the contract... are you really prepared to go after them? Can you financially and practically take them to court?
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                                            Comment

                                            • IllTestYourGirls
                                              Ah My Balls
                                              • Feb 2007
                                              • 14311
                                              #12
                                              Dont sell and dont go to college. Why waste the money? Keep building your empire it will cost less than college and make you a lot more in the long run.

                                                Comment

                                                • TimBlaze
                                                  Confirmed User
                                                  • Oct 2006
                                                  • 1625
                                                  #13
                                                  thank you very much for the replies!!!! keep em coming please
                                                  Roll that shit, light that shit,

                                                    Comment

                                                    • mynameisjim
                                                      Confirmed User
                                                      • Aug 2007
                                                      • 2985
                                                      #14
                                                      Contracts aren't worth shit. They only keep people in line when everything is going smoothly. People can simply walk away and you have to take them to court, you will end up going into arbitration, and the contract will be adjusted anyway by the end of it all.

                                                      Get no less than 50% down and keep ownership until it is paid off. You may have to give up a little on the monthly or the total costs to get that deal but it's worth it knowing you will get paid.
                                                      jim (at) amateursconvert . com Amateurs Convert

                                                        Comment

                                                        • Ice
                                                          Confirmed User
                                                          • Nov 2002
                                                          • 26053
                                                          #15
                                                          Why don't you just keep the site and pay someone to maintain it while you go back to school?
                                                          icq 1904905

                                                            Comment

                                                            • Forest
                                                              Confirmed User
                                                              • Aug 2001
                                                              • 9135
                                                              #16
                                                              Originally posted by Ozarkz
                                                              $15k down rest paid over 3 years?

                                                              You are setting yourself up to get fucked.
                                                              what he said.

                                                              contract or not if they go belly up and have no assets you will get dick

                                                              keep it

                                                                Comment

                                                                • TimBlaze
                                                                  Confirmed User
                                                                  • Oct 2006
                                                                  • 1625
                                                                  #17
                                                                  what the potential buyer told me in his offer, but he's also willing to do a flat monthly payment instead of this one

                                                                  I would be willing to do $10-15k up front and then every month, you'd get a monthly payment that was 30% of the month's earnings (if the site stays steady at $3k a month, you'd receive around $1,000 a month, every month, until the remaining $50-45k was paid off .. over 3-4 years)

                                                                  From there, you will also have a salary of $500 a month plus 25% of any revenue that's above the current level (approx. $3,000 a month). So a month that did $4,000 - you'd make $750 (on top of the monthly purchase payments).
                                                                  Roll that shit, light that shit,

                                                                    Comment

                                                                    • JD
                                                                      Too lazy to set a custom title
                                                                      • Sep 2003
                                                                      • 22651
                                                                      #18
                                                                      bad idea to stretch that shit over 3 years... what happens if the buyer dies? you're fucked. get it all or no deal imo

                                                                        Comment

                                                                        • sortie
                                                                          Confirmed User
                                                                          • Mar 2007
                                                                          • 7771
                                                                          #19
                                                                          Originally posted by TimBlaze
                                                                          I got an offer to buy my main website which is my main source of income...it earned (gross) 47k in 2007 and 36k in 2008, which is a decent drop, but its bouncing back for 2009. the offer is $60k with a $15k down payment and the rest to be paid out over 3 years. buyer wants to keep me on as co-webmaster for $500-750/month after sale.

                                                                          i haven't yet gone to college and this is my full time job so i want to make sure i do the right thing before heading to school...i could always build up one of my smaller sites after the sale but it would be a slow process and visitors may not like it as much as the main one id be selling...

                                                                          thoughts?? its a mainsteam site with a steady reader base and daily fresh traffic that combined comes out to about 10k uniques a day on avg (give or take of course)
                                                                          Take $60 up front or FUCK THAT!!!

                                                                          And I would ask for $80k.

                                                                          You want to sell it so you can blow your money.
                                                                          "OH WOW, 15k in my hand all at once. No more waiting for only 3k at a time."

                                                                          Bullshit. Start living cheap and use the website money for school.

                                                                            Comment

                                                                            • Agent 488
                                                                              Registered User
                                                                              • Feb 2006
                                                                              • 22511
                                                                              #20
                                                                              3 years in internet time is an eternity. a facebook can turn into a geocities in that time.

                                                                                Comment

                                                                                • 2MuchMark
                                                                                  Mark of 2Much.net
                                                                                  • Aug 2004
                                                                                  • 50971
                                                                                  #21
                                                                                  Originally posted by TimBlaze
                                                                                  I got an offer to buy my main website which is my main source of income...it earned (gross) 47k in 2007 and 36k in 2008, which is a decent drop, but its bouncing back for 2009. the offer is $60k with a $15k down payment and the rest to be paid out over 3 years. buyer wants to keep me on as co-webmaster for $500-750/month after sale.

                                                                                  Dude that is a TERRIBLE DEAL.... think about it.

                                                                                  Your average sales are $41,500 per year. That means you are bringing in $3458 per month. Why would you give that up to make $750 per month while doing the exact same work you're doing now?

                                                                                  Don't sell your site - keep it and keep working at it. You'll be much happier.

                                                                                  Offer to make a site for him for his $15k down payment and then sell him your webmaster services for $750.00 a month. He will be getting a good deal AND you get to keep your site and your current monthly cash flow.

                                                                                    Comment

                                                                                    • SBJ
                                                                                      So Fucking Fabulous
                                                                                      • Apr 2003
                                                                                      • 11387
                                                                                      #22
                                                                                      no way in hell would I do that! Trying to get someone to pay you for something for the next 3 years is dumb. The only way I would do anything like this is if he paid $45k up front and 15k over the next 3 years. That way you have most of your money already and if he doesn't pay on it you are still better off and you can decide if it's worth taking him to court for the rest.

                                                                                      Also what happens even if you think he is honest and he goes into it with the best intentions but 3 mos after he takes over the biz he fucks it up and it starts making 15% of what you were able to make from the site. Do you think he will still pay you $45k for it?

                                                                                        Comment

                                                                                        • Si
                                                                                          Such Fun!
                                                                                          • Feb 2008
                                                                                          • 13900
                                                                                          #23
                                                                                          If you sell it there will be a long post full of fail pictures plastered in this thread.

                                                                                          DON'T DO IT!

                                                                                          He's basically going to give $15K from the site, and then use it against you to pay it off.

                                                                                          Why not keep all the revenue to yourself?

                                                                                            Comment

                                                                                            • Ozarkz
                                                                                              So Fucking Banned
                                                                                              • Jan 2009
                                                                                              • 2377
                                                                                              #24
                                                                                              I've seen people post here saying they sold a site for a certain amount. Were paid 25% and then never saw the rest. In some cases the person was able to start drama and chase the person down and get paid the rest.. but what a hassle..

                                                                                              Also 60k over 3 years.. If you keep the site for 3 years you will make more. Especially if you think your site is doing better this year..

                                                                                              If you sell it you will be making less on the site, acting as a webmaster working for them and trying to go to school.

                                                                                              May as well keep the site, make more money and go to school..

                                                                                              I guess it's a question of is school going to take up too much of your time to keep the existing traffic and continue to grow by yourself.

                                                                                              Don't take 15k tho. In 1 or 2 years your traffic could drop to nothing because the new owners fuck it up and then make a claim that because they aren't making any money off the site they owe you nothing.

                                                                                              I've seen it here before.. You don't want to spend 30k on lawyers trying to get your money.. It looks like since they are offering you 15k they have no money.. Even if you win a lawsuit you still gotta get the money out of them..
                                                                                              Last edited by Ozarkz; 04-23-2009, 05:53 PM.

                                                                                                Comment

                                                                                                • mmcfadden
                                                                                                  So Fucking Banned
                                                                                                  • Oct 2008
                                                                                                  • 5099
                                                                                                  #25
                                                                                                  ask 6 times your yearly revenue or no deal...

                                                                                                  I remember when one of my sites... vstrip... I had an offer from someone. They asked me how much I would be willing to sell it for... it made $400 per month at that time but #1 on google. I said... I wouldn't sell for less then 6 figures... he LOL and said "I'd like to see that". Vstrip makes over 100K per year on the same traffic... keep whats good and the rest will follow.

                                                                                                    Comment

                                                                                                    • V_RocKs
                                                                                                      Damn Right I Kiss Ass!
                                                                                                      • Nov 2003
                                                                                                      • 32449
                                                                                                      #26
                                                                                                      How about you make someone here an offer of $500 a month to webmaster the site and keep it instead?

                                                                                                        Comment

                                                                                                        • TimBlaze
                                                                                                          Confirmed User
                                                                                                          • Oct 2006
                                                                                                          • 1625
                                                                                                          #27
                                                                                                          thanks for the replies everyone

                                                                                                          the sites avg monthly earnings have been hurting a lot since october, but this month its picking up. hopefully it sticks after april.

                                                                                                          jan - 3000 (gross)
                                                                                                          feb - 2760
                                                                                                          march - 2800
                                                                                                          april - on track for 3200+

                                                                                                          then theres a 400 server bill after that. ad rates have been horrible lately im working harder than ever but making less money due to the ad rates, its frustrating.
                                                                                                          Last edited by TimBlaze; 04-23-2009, 05:59 PM.
                                                                                                          Roll that shit, light that shit,

                                                                                                            Comment

                                                                                                            • Wolfy
                                                                                                              Confirmed User
                                                                                                              • Dec 2003
                                                                                                              • 3574
                                                                                                              #28
                                                                                                              HORRIBLE idea! HORRIBLE!

                                                                                                              You aren't leveraging your risk against the payoff AT ALL. In order to make it worth your investment - i.e. your time - is to triple that sale price and get more than half up front. Period.

                                                                                                                Comment

                                                                                                                • wargames
                                                                                                                  Kliris
                                                                                                                  • May 2003
                                                                                                                  • 10423
                                                                                                                  #29
                                                                                                                  Originally posted by Ozarkz
                                                                                                                  $15k down rest paid over 3 years?

                                                                                                                  You are setting yourself up to get fucked.
                                                                                                                  Big time all up front or no deal he will probably keep you on for a couple months then say some bull like biz is going down and dump you
                                                                                                                  ICQ 212-115-582
                                                                                                                  Email Steve at Vas Media Group .com

                                                                                                                    Comment

                                                                                                                    • Sosa
                                                                                                                      In Tushy Land
                                                                                                                      • Oct 2002
                                                                                                                      • 40149
                                                                                                                      #30
                                                                                                                      no way jose

                                                                                                                        Comment

                                                                                                                        • pornguy
                                                                                                                          Too lazy to set a custom title
                                                                                                                          • Mar 2003
                                                                                                                          • 62912
                                                                                                                          #31
                                                                                                                          3 years income is the average.
                                                                                                                          PornGuy skype me pornguy_epic

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                                                                                                                            • Sly
                                                                                                                              Let's do some business!
                                                                                                                              • Sep 2004
                                                                                                                              • 31376
                                                                                                                              #32
                                                                                                                              Originally posted by pornguy
                                                                                                                              3 years income is the average.
                                                                                                                              Three years income is the average? What?
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                                                                                                                                • BlackCrayon
                                                                                                                                  Too lazy to set a custom title
                                                                                                                                  • Jun 2003
                                                                                                                                  • 19634
                                                                                                                                  #33
                                                                                                                                  unless its a tgp... i wouldn't sell.
                                                                                                                                  you don't know you're wearing a leash if you sit by the peg all day..

                                                                                                                                    Comment

                                                                                                                                    • GTS Mark
                                                                                                                                      Vrume Mark
                                                                                                                                      • Jan 2001
                                                                                                                                      • 20912
                                                                                                                                      #34
                                                                                                                                      I would highly suggest you shop your site on digitalpoint (another mainstream message board) before you close your deal with this guy. There are people over there that buy sites all day long for much better multiples than what this guy is offering plus pay cash instead of a series of payments stretched over 3 years.

                                                                                                                                      Good luck!

                                                                                                                                        Comment

                                                                                                                                        • collegeboobies
                                                                                                                                          So Fucking Banned
                                                                                                                                          • Jul 2004
                                                                                                                                          • 3644
                                                                                                                                          #35
                                                                                                                                          Upfront or nothing, i'd also ask 2 years if you think the site will maintain income that long.

                                                                                                                                            Comment

                                                                                                                                            • NaughtyRob
                                                                                                                                              Two fresh affiliate progs
                                                                                                                                              • Nov 2004
                                                                                                                                              • 29602
                                                                                                                                              #36
                                                                                                                                              Keep it unless its a full buyout.
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                                                                                                                                                • Useless Warrior
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Apr 2004
                                                                                                                                                  • 975
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by Ice
                                                                                                                                                  Why don't you just keep the site and pay someone to maintain it while you go back to school?
                                                                                                                                                  Hell, is it really so time consuming that you can't study and maintain it at the same time? I don't know why you'd want to sell it.

                                                                                                                                                    Comment

                                                                                                                                                    • Yngwie
                                                                                                                                                      I am an Alien from space
                                                                                                                                                      • May 2003
                                                                                                                                                      • 11118
                                                                                                                                                      #38
                                                                                                                                                      Personally, I would not sell according to those terms.. To easy for you to get fucked over. It may sound like a good deal, but I'll bet that whoever the buyer is will fuck you in the end. If he/she/they really want it tell them they'll have to pay the full amount in one shot or no deal.

                                                                                                                                                      I see it going like this

                                                                                                                                                      he/she/they put $15k down
                                                                                                                                                      you still work for them and get paid while receiving the monthly payments for the left over $5-50k
                                                                                                                                                      you already basically transferred the domain to him/her/them sp it's in their name.
                                                                                                                                                      they will skip town and now you will no longer have that site to sell to a REAL buyer who's willing to pay the full price upfront.

                                                                                                                                                      Ya, I skipped a lot, but that's just what I see happening without going into to many details. I wouldn't sell.
                                                                                                                                                      ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

                                                                                                                                                        Comment

                                                                                                                                                        • Furious_Male
                                                                                                                                                          Doing the grind since 99
                                                                                                                                                          • Oct 2003
                                                                                                                                                          • 16884
                                                                                                                                                          #39
                                                                                                                                                          It sounds to me like the buyer is trying to take advantage of you. I wouldn't touch that deal.
                                                                                                                                                          Living in Virtual Reality
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                                                                                                                                                            • Supz
                                                                                                                                                              Arthur Flegenheimer
                                                                                                                                                              • Jul 2006
                                                                                                                                                              • 11057
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Ozarkz
                                                                                                                                                              $15k down rest paid over 3 years?

                                                                                                                                                              You are setting yourself up to get fucked.
                                                                                                                                                              ^ the truth

                                                                                                                                                                Comment

                                                                                                                                                                • Yngwie
                                                                                                                                                                  I am an Alien from space
                                                                                                                                                                  • May 2003
                                                                                                                                                                  • 11118
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by Yngwie
                                                                                                                                                                  Personally, I would not sell according to those terms.. To easy for you to get fucked over. It may sound like a good deal, but I'll bet that whoever the buyer is will fuck you in the end. If he/she/they really want it tell them they'll have to pay the full amount in one shot or no deal.

                                                                                                                                                                  I see it going like this

                                                                                                                                                                  he/she/they put $15k down
                                                                                                                                                                  you still work for them and get paid while receiving the monthly payments for the left over $5-50k
                                                                                                                                                                  you already basically transferred the domain to him/her/them sp it's in their name.
                                                                                                                                                                  they will skip town and now you will no longer have that site to sell to a REAL buyer who's willing to pay the full price upfront.

                                                                                                                                                                  Ya, I skipped a lot, but that's just what I see happening without going into to many details. I wouldn't sell.
                                                                                                                                                                  I meant $45-50k
                                                                                                                                                                  ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

                                                                                                                                                                    Comment

                                                                                                                                                                    • Pleasurepays
                                                                                                                                                                      BANNED - SUPPORTING TUBES
                                                                                                                                                                      • Aug 2002
                                                                                                                                                                      • 11913
                                                                                                                                                                      #42
                                                                                                                                                                      you're going to get fucked. agreements are only worth your ability to use attorneys to enforce it. ... don't listen to people saying "oh... you just need a good agreement" etc. its all bullshit. remember there is a significant cost to enforcing agreements.

                                                                                                                                                                        Comment

                                                                                                                                                                        • B O B
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Dec 2002
                                                                                                                                                                          • 2664
                                                                                                                                                                          #43
                                                                                                                                                                          I could give you an honest answer, but I would need to know your NET

                                                                                                                                                                          Your gross really doesnt do much for me
                                                                                                                                                                          $15K down may be more than you made NET the last two years...you never know
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                                                                                                                                                                            • TimBlaze
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Oct 2006
                                                                                                                                                                              • 1625
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by B O B
                                                                                                                                                                              I could give you an honest answer, but I would need to know your NET

                                                                                                                                                                              Your gross really doesnt do much for me
                                                                                                                                                                              $15K down may be more than you made NET the last two years...you never know
                                                                                                                                                                              2007 net - 40,200

                                                                                                                                                                              2008 - 31,300

                                                                                                                                                                              2009:
                                                                                                                                                                              jan - 2577
                                                                                                                                                                              feb - 2333
                                                                                                                                                                              march - 2409
                                                                                                                                                                              Roll that shit, light that shit,

                                                                                                                                                                                Comment

                                                                                                                                                                                • Fap
                                                                                                                                                                                  Just Du It
                                                                                                                                                                                  • Feb 2004
                                                                                                                                                                                  • 12094
                                                                                                                                                                                  #45
                                                                                                                                                                                  I was just recently in the same situation, hit me up i have some advice for you.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • Killswitch - BANNED FOR LIFE
                                                                                                                                                                                      #46
                                                                                                                                                                                      Like the majority said already... Also keep in mind, he came to YOU, you didn't go to him, so don't settle on HIS rules.. make your own rules and tell him it's that or nothing.

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • TimBlaze
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • Oct 2006
                                                                                                                                                                                          • 1625
                                                                                                                                                                                          #47
                                                                                                                                                                                          again thank you for all the replies guys it is certainly helping a ton in my reply...and i definitely won't be selling unless he steps it up big time
                                                                                                                                                                                          Roll that shit, light that shit,

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • D Ghost
                                                                                                                                                                                              null
                                                                                                                                                                                              • May 2006
                                                                                                                                                                                              • 9820
                                                                                                                                                                                              #48
                                                                                                                                                                                              Keep it, and think about what you can do to reinvest in the site to increase revenue

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • Ramster
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • Jul 2002
                                                                                                                                                                                                  • 1447
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  ARE YOU INSANE?

                                                                                                                                                                                                  He's only paying $15,000 for the site. He's then using YOUR own revenue over the 3 years to pay you the balance. It isn't costing him anything but that $15K. If he was paying you more than waht the site makes monthly that is a different story but he's not.

                                                                                                                                                                                                  Don't take that deal.
                                                                                                                                                                                                  Fcuk Cash - Backroom Casting Couch, ExCoGi, BlackAmbush
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                                                                                                                                                                                                    • LeRoy
                                                                                                                                                                                                      Porn Pusher
                                                                                                                                                                                                      • Jul 2007
                                                                                                                                                                                                      • 13364
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      Originally posted by V_RocKs
                                                                                                                                                                                                      How about you make someone here an offer of $500 a month to webmaster the site and keep it instead?
                                                                                                                                                                                                      Hire three and make it into an even bigger site.
                                                                                                                                                                                                      JAPANESE CAMS AND CONTENT SITES
                                                                                                                                                                                                      Teams - leroy.rowland2
                                                                                                                                                                                                      Telegram - @lroddd

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