This is my first post here at startupnation.com I heard the guys on the radio and thought it would be a good place to start some dialogue. I am looking for advice on where to go look for investors in my company. I started out around 5 years ago and have grown the business from making around 14k a year profit our first year to making around 1.5 million a year profit. I have diversified to the point that I might want to take a look at selling this part of our companies assests. I am at the point of taking on new challenges and cashing in on our sucess. Does anyone have any advice on where to go and what would be the asking price. Our In House C.P.A. said the normal business price would be between 4-6 x profits. We are dealing with an internet business with recurring membership in excess of 10,000 active members. I have heard people state that you would be only able to get 2x. I feel we have been in business for enough time that we are not a flash in pan company and would like to be able to get legitimate price for this part of our company.
All feedback would be appreciated.