Starting Again

Starting Again

Author
Discussion

Luke.

8,724 posts

207 months

Saturday 4th July
quotequote all
DSLiverpool said:
Honestly I celebrated our first 6 figure website more than either of them biggrin and that was after I knew I had no benefit from it!
The title hasn’t sunk in yet as I’ve not been with my pals being all “laddy” lol.
On the sale I celebrated the offer more than anything else and that was 2 months ago. Just want to crack on with the new stuff now.

Edited by DSLiverpool on Saturday 4th July 19:45
Exciting times. Give me a shout if you need a hand at all. Always happy to help.

DSLiverpool

Original Poster:

12,306 posts

159 months

Saturday 4th July
quotequote all
Luke. said:
Exciting times. Give me a shout if you need a hand at all. Always happy to help.
I’ll tell you what I’m doing Luke and any opportunity to cross pollinate will happen.

DSLiverpool

Original Poster:

12,306 posts

159 months

Friday 4th September
quotequote all
The start of this thread has vanished or my memory has !! Mods?

After the longest duedil / completion I can recall we actually completed on Tuesday.

I’ll start a new “starting again” thread next week.

As I’m now handing over and still have all my access, cards and email the only thing that’s changed is a bit of wedge in the Halifax.

A 4 year adventure comes to an end where I’ve learned a lot, screamed a lot, laughed a lot and made a bit.

Onto the next adventure .......

jammy-git

25,617 posts

169 months

Friday 4th September
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Congratulations Dave! Bet you're relieved all the duedil and legal stuff is finally over! Hope you get to put your feet up at some stage soon.

AB

15,871 posts

152 months

Friday 4th September
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beer

RM

327 posts

54 months

Friday 4th September
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Congratulations.

DSLiverpool said:
I’ll start a new “starting again” thread next week.
Looking forward to this!!

Luke.

8,724 posts

207 months

Friday 4th September
quotequote all
Dave does it again... beer

cervezaman

267 posts

98 months

Thursday 10th September
quotequote all
DSLiverpool said:
The start of this thread has vanished or my memory has !! Mods?

After the longest duedil / completion I can recall we actually completed on Tuesday.

I’ll start a new “starting again” thread next week.

As I’m now handing over and still have all my access, cards and email the only thing that’s changed is a bit of wedge in the Halifax.

A 4 year adventure comes to an end where I’ve learned a lot, screamed a lot, laughed a lot and made a bit.

Onto the next adventure .......
Well done, that's an excellent result! I've been following your first car parts business sale and then this sale, and my question would be how did you manage to find a buyer in both cases?

Without wanting to hijack your thread, I've been in eCommerce for around 10 years and had a nightmare when selling our first eCommerce business back in 2013 (£2.5m turnover, good margins). A lot of people (including competitors) just fishing for info, and then when we did agree terms with a buyer they battered us with 6 months worth of due diligence. By the time we'd finished the due diligence process we'd seen a decline in sales due to taking our eye off the ball. They then rescinded their offer and set up in competition against us after going through every inch of our business. Our business pretty much went under. I'll be first to admit we were green to the process.

We're now 3 years into a new eCommerce business, turnover is around £5m with a really good margin, and we're starting to think about selling again. Just wondered what advice you'd give on finding a buyer and managing the sales process / due diigence?



DSLiverpool

Original Poster:

12,306 posts

159 months

Thursday 10th September
quotequote all
cervezaman said:
Well done, that's an excellent result! I've been following your first car parts business sale and then this sale, and my question would be how did you manage to find a buyer in both cases?

Without wanting to hijack your thread, I've been in eCommerce for around 10 years and had a nightmare when selling our first eCommerce business back in 2013 (£2.5m turnover, good margins). A lot of people (including competitors) just fishing for info, and then when we did agree terms with a buyer they battered us with 6 months worth of due diligence. By the time we'd finished the due diligence process we'd seen a decline in sales due to taking our eye off the ball. They then rescinded their offer and set up in competition against us after going through every inch of our business. Our business pretty much went under. I'll be first to admit we were green to the process.

We're now 3 years into a new eCommerce business, turnover is around £5m with a really good margin, and we're starting to think about selling again. Just wondered what advice you'd give on finding a buyer and managing the sales process / due diigence?
Happy to help you work towards an exit - message me through my profile. I didn’t sell car parts I sold phones / headsets / elecs