Fastlane Exit ??? What do I do???

[bizguy4life]

Hello everyone,

I am looking of some opinions and advice from those of you who have successfully fast-laned..
First and foremost MJ your book is amazing and it was a very enjoyable read...

I am 48 this year and I run a successful business in the service industry which generates close to 3 million per year...
I am also a Real estate investor and have numerous rental properties (15)which are all cash flowing for the past 10 years...

My Question is
I have put my service business for sale to see if i would get any bites and I got 17 bites!!!
out of 17 I would say 8 are just tire kickers and probably 6 have the resources and funds buy me out....

I listed for 2.1 M I got this number by simply cashflow x 4x

Do I sell ??? Or do I keep my 275k/mth flow ???????

Thanks in advance.....

 

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[Tom.V]

Congrats! Lots of unanswered questions come up in my mind though:

• Can you continue growing the monthly revenue from your current position or have you squeezed the market for what it's worth?
• Are you bored with the business or still in love with it?
• Is the business passive or can it be made passive?
• Is the business at any risk for losing marketshare to competitors over the next 5 years or potentially getting innovated out?

IMO, if the risk of competition or innovation are on the horizon, it may be a good time to get out. If there is no real threat in that department and you can implement processes or employees to handle the day to day, why sell the money tree?

Your situation is entirely unique to you. Only you can really know if it's the right choice given your circumstances. Best of luck either way!

 

[Supercar]

a successful business in the service industry which generates close to 3 million per year...

I listed for 2.1 M I got this number by simply cashflow x 4x

Do I sell ??? Or do I keep my 275k/mth flow ???????

I do not get it. Do you mean $12M? Because $3M x 4 = $12M .