Should I sell my note? 1.2M @ 8.5% for 4.5 yrs

[Andy Wang]

Hi bigger pocket,

Hope someone can help with insights on the situation. I sold my precious business for 1.5M seller carry. Buyer made the down payment and is keep making monthly payment. Remaining balance is 1.2M payable for 4.5 years @ 8.5% interest, 20k minimum. The business itself is generating 20-40k per month. Buyer had 40 employees and is in the same industry. No inventory. Asset sold was mainly transfer of client list and contracts.


Does it make sense for me to seek out a note purchaser? And what discount should I expect? Should I be looking for selling all or a portion of the note? 

Main motivation is to use the cash for bigger investments like MHP/MF building purchases. Not in any hurry. But is looking to sell at the right discount. 

TIA