I've had this business for 15 years. The markup is incredible (1,100%) and the clients are stable and pay recurring fees. The results I offer are unparalleled. In fact, I have SEO companies as my clients. But I have other priorities right now, and other types of businesses that will require my focus, and I won't be able to devote my passion to SEO anymore. What would be the best way to sell my business?
I've made a successful exit for my startup tech company. If you live in any major metropolitan area, there may be start-up booth and showcases. Events like this often attract investors. Show up with professional business cards and just get to know the community around you. Through those connections, they may have someone they know to help you find the right buyer for the business.
Feel free to hop on the phone with me through my profile if you have any questions.
The best way is to go to tech community and offer them to buy from you.
1) Search digital marketing and SEO agencies from Linkedin and google reach out to them , put your financial analytics or revenue of your business in front of them and ask them to buy your SEO company.
Usually , a medium or large size company might be interested
2 Take your proposal in which you should mention the best things about your company, how it will be beneficial for some one who buy it. Trust me, Take written material with you and meet the tech and marketing related companies near you.
3 Email your offer to all the SEO related startups and persons who you know them can help you in this regard.
4 You can also advertise it in newspaper and classified sites which are popular in your location.
I've sold my digital agency before and I happen to know a few things about this.
First, you'll need to know that there are three main types of buyers for your SEO company.
1) A bigger agency
Some agencies (eg. content marketing agencies, creative agencies, social media, or even lead gen agencies) say that they can offer SEO services, but most of them don't really have any in-house expertise. If your agency is already profit-making, then it makes a lot of sense to sell to a bigger agency.
But you'd want to be careful of how the deal is done. Most agencies acquire smaller ones for a P/E multiple of 3x to 5x with lock-in and earn-out terms. That's as good as taking a loan from the bank and paying it with future profits from your agency, so you'd want to avoid such deals.
2) Selling to your clients/brands
Some brands/existing clients may need your team's services as a long-term plan. It's easy for them to hire an SEO agency (which will be a cost in their P&L), but if they'd acquire yours, they would be able to break even on their investments. In my case, this was my deal when I exited my agency.
3) An incoming player
There will also be senior marketing professionals who'd want to get out of their corporate lives and run their own company. Given that marketing is the only thing they'd know, some of them might be interested in buying over an agency with existing clients and operational processes, so it'd be easy for them to continue/scale up the business from there.
I recently just wrote something about this here -- https://www.searchenginejournal.com/exiting-your-digital-agency/264551/
Hopefully it helps! Let me know if you'd want further advice. This was a path that I've gone down before and I'm happy to share anything that could help you make a wiser decision.
Hello. If your company has a 1,100% markup, it might be a good idea to hold onto it. Not many companies can honestly claim that profit margin and if your new ventures do not work out, you can simply revert to what you know best.
Good luck with what you decide.