It had zero revenue. I sold it for $6,000. But estimated $10,000.
I shared the full story here
And I also wrote a detailed article about how to sell a startup.
With 7 platforms where you can post it to sell.
I got a question:
“Hey, I read your post about selling an NRG business. How did you set a fair price if there was no revenue?”
When there is no revenue, there is no formula.
You can’t calculate it like a normal business.
So I did it in a simple way.
I treated it like a freelance job.
I asked myself:
– how many hours I spent
– what is my hourly rate
– what I would charge a client for this
This gave me a base price.
Then I added about +30%
Why?
Because people negotiate. So I left space to go lower.
In the end, it’s more about feeling.
You pick a price that feels fair to you.
That’s it.