I’ve been running a successful small online retail business I set up for about 4 years now and I’m becoming burnt out. The profit is easily $100k per year, with a tremendous amount of room for growth.
Requirements: The manpower required is 20-40 hr/week manager to handle emails and easy technical stuff, and an assistant to prepare items for shipment (2-4 hours/day). The area required is a large bedroom size to hold the inventory and supplies.
What can I do? Is there any sort of market for buying this sort of small-scale business? I have considered the amount it would take for me to walk away from this venture forever, and it’s in the range of $500k after taxes, but I doubt I would find a business willing to pay that much.
Should I try to set up an office and hand over the day to day operations? That is much easier said than done, but it may be my best option.
Generally, I’m getting burnt out and I can’t continue this forever. Any insight is appreciated.
Thanks.
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