I started the company Scoff Skateboarding a innovative skate company dealing in new technology. Creating and developing new original and innovative products for the action sports world.
The first product I made and have been selling sometime now is our reinforced shoelace. AKA The "Skatelace" its a lace thats 2-3 times stronger against abrasion, doesn't fray, and in most cases grips the person shoe, so after the lace breaks the shoe still stays tight.(my laces dont just apply to skateboarding but to all other harsh enviroments also...hiking, biking, snowboarding, ect..)

Recently I was meeting a engineering friend of mine at a expo to discuss a new development on a automated machine to reinforce and create the laces. While I was at their booth I met a good friend of theres. Apparently him, himself was friends with one of the largest entrepenuers in the US. Who also owns the company that produces all the shoes for nurses and doctors and has a habbit of buying other business's(owns around 100+). After talking to the man he asked me if I would ever sell my company. I replied "Yes, for a few million" he nodded and we concluded our conversation.
A while later he was leaving and ask. Jason would you sell you business for 10 or more that 10? I replied I would have to think about it and review a few things but I will get back to you. He also added on top that he wanted some type of commision of 2.5% ontop of this.

He seemed serious and I assume he means his friend would buy my business and in return the man who I was talking to would want 2.5% of the business sales. I would keep control of the business and run it too....

I am looking for some advice in this area, cause though I do whish to sell it, I'm not to familar with the particulars of this part of business and was looking for some advice. In potential though I do believe my business and the lace product alone is worth more than 10 million