Should we sell our business for less?

We own a pepperidge farm bread franchise valued at $80.000 with truck an computer. We have been trying to sell it for 3 years. My husband can no longer run it due to shoulder injury. We are currently hiring an employee 3 days a week and pay him $330.00-
We live in rural NW Connecticut. We have a buyer who offered $48.000. We have had no other offers. What should we do?

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Answer 1 / 2

Submitted 64 days ago...

wewillc

Beginner (30)

Slo- We both know that this is a very important decision for you. I have sold my business of 20 years and also bought 8 other businesses. How long have you been trying to sell, business? How did you get your value?. What is company debt? How bad do you want to get out, are all questions that are part of the puzzle. If value is based on "owner Benefit", theoretically the fact that you have an employee helping or taking on the work load of your husband really shouldnt affect the new owners "owner benefit". The "average" business takes 9-12 months to sell. Your price, the market, the industry all affect what "multiple of earnings" a business is valued at.
Dont know your age or situation. But I've found that very often realizing a "short term" loss in a situation that you are not happy with is mitigated over the long haul by other doors that may open. This does warrant more than simple paragraph response. Regards and best wishes

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Answer 2 / 2

Submitted 57 days ago...

hirstcb

New User (1)

What is your 52 week average sales per week from Pepperidge farms? what is the market value of the truck? Where have you posted the business for sale? Will check back to answer your question... thanks

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