Opinions anyone????

[bsg]

I own a sneakers and denim boutique in the twins cities. I have been in business for a little over 2 years. I have someone that is wanting to buy my store for about $120K. It's been real hard work and it seems like things are just starting to pay off. I pretty much have been working for free for the past 2 years and have been reinvesting everything back into the store. We have since moved to another location that I think will help our sales increase by at least 12-20% this year. I have also found another prime location that I have always wanted for years and it has just opened up. I think my current location and adding the 2nd location would be very profitable.

My question is this, in order to do things right to open the second location and not have to live on the edge for the next year or two, I would need about 100K. That would be enough to get more inventory and have enough money in the bank to help with cash flow. I put over $150K already within the last 2 years in my business and am pretty strap for cash. My wife makes enough money to take care of our bills but I fell like it's time for me to do my part. Should I just go ahead and sell the business or try to find an investor or partner. It's taken 2 years out of my life to get the store the way it is now but we finally have all the perfect brand mix to be able to be profitable in the near future. I do feel like I am getting short changed by selling it for $120K but with the money I get, I could take my family on a well deserved vacation.

What do you guys think I should do?

[RickyCeez]

Hmm, well in my opinion, I think if things are going well right now you shoudl stay on track. Your business will ALWAYS have time to grow remember that, the question is.. are you willing to jump the gun a little fast and risk going into serious debt? You seem like a well rounded entrepreneur and imsure you will only succeed but for now I think you should see what other offers you can get on the store and stay for a little longer.... hey its still making money.. why lose it so soon?

[bsg]

That's true too. My other dilemma is that I will be graduating with my masters in MIS this summer. The thing is that with my masters i can get a job that pays well now. With my store, it's a waiting game. I'm passionate about my store and wish that I had more money to wait it out but there comes a time when I have to put my family first.

[RickyCeez]

You're a good guy, and your right. If thats what you have to do for now, then do it. You can ALWAYS invest. Anyways your set regardless, so don't stress it. Good luck man.

[tazman9r]

Sounds like you need a business partner, someone to come in an buy enough of the store to help you out, plus bring something to the store, like a manager and some marketing experience, to make the store really take off. A partner like this will free up your time to get that good paying job now, while still allowing you to pursue your passion.

Nose around and see if you can collect some more offers to buy/partner, this will show demand and therefore increase the price.

Hope this helps.