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Q&A with both buyer and seller of a 6 figure web app. Ask us anything

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Re: Q&A with both buyer and seller of a 6 figure web app. Ask us anything

#21
post #13

> specific numbers So what were the specific numbers? How did you guys arrive at the number? Did you negotiate? Were there any fees?

As the seller, I paid a fee to FE International (my broker). Similar to having a realtor help sell your house, it was absolutely worth it. FEI compile a prospectus, distributed it to their network of buyers, advised on selling price, sat in on calls with potential buyers to keep the conversation on point, and overall helped me maintain my sanity.

Re: Q&A with both buyer and seller of a 6 figure web app. Ask us anything

#22
post #11

Earlier quoted context omitted.

Good question! I felt really good about the prospect of selling to Kareem and the partners after our initial conversation. It seemed like a really good fit. Probably the point of highest doubt for me was after receiving the first offer. I was able to stay pretty logical about things, but I was definitely concerned we would not be able to bridge the initial gap. Having David from FE International as an advisor was key…

David @ FE did a great job for you guys. We had talked to him a couple years ago about being our broker when we sold a previous company. We didn't use him for other reasons, but having been on the buy side of the transaction, we wouldn't hesitate to him him represent us if we were selling a business.

Thanks gents :)
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