Small family business in existence for over 35 years now for sale

[Chris M.]

Hi guys, we have a family business that has existed for over 35 years which I have been managing for the past 12 years. The business has been profitable for the past two years and has made close to half a million in revenue in some years. The business has a registered customer base in its ecommerce website of over 17,000 individuals, an email newsletter list of about 17,500 active subscribers and a social media following of over 60,000 followers. It is an established brand in its industry with name recognition and decades of respect.

After the pandemic started in 2020, the business had to start taking on debts in order to fund core business operations. Now in 2024, it has become difficult for the business to continue operating while satisfying all necessary debt payments. If these debts are paid off, the business could prosper with a proven track record of generating significant amounts of revenue and profit.

We are currently working with an established business broker to sell the business and the asking price is $180,000. This amount would be just enough to cover the debts and business broker fee. I would get no financial gain, but the knowledge that the family business would survive and continue would be enough for me.

As part of the deal, I am willing to work with the new owner(s) of the LLC for free for up to 6 months to help transfer over all operations, contacts, contracts and accounts along with continuing the work that I'm currently doing for the business.

If any of you are interested in purchasing an established family business that has existed for decades and has shown a profit in multiple years (including the past two years) please send me a message here on BiggerPockets and I can connect you with our business broker to share more details.

Thank you for reading, I truly hope that we can find a buyer so that our family business can continue for many more years.