The EcomCrew Ecommerce Podcast artwork

E388: Selling Your Business is Simpler than You Think

The EcomCrew Ecommerce Podcast · with Lesley Johnson · June 7, 2021 · 38 min

Summary

This episode challenges the common perception that selling an ecommerce business is a nightmare. Lesley Johnson shares her successful experience selling her business at a 3.6x multiple with surprising ease, highlighting how strategic growth and utilizing resources like EcomCrew Premium streamlined the entire process. This is a must-listen for ecommerce operators considering an exit, offering practical insights into deal structuring and strategic decision-making for a smooth transition.

Key takeaways

Themes

founder & leadershipfinance & fundraising

Topics covered

ecommerce business acquisitionselling an ecommerce businessbusiness exit strategyecommerce valuationdeal structuring

Episode description

For most ecommerce sellers, the end goal is to build a solid brand and eventually sell your business. But that's often easier said than done, and I've heard a lot of nightmare stories. That being said, Lesley Johnson has an entirely different experience, having just sold her business at 3.6x without any serious headache whatsoever. Today, I'll be talking to Lesley about how she got into ecommerce, what EcomCrew Premium meant for her brand's growth, and the process of selling her business from start to finish. Lesley also shares how much she's learned in the process and her plans of putting her expanded knowledge base to good use. If you're in the process of selling your business or are considering that option down the road, definitely give this episode a listen. Timestamps: How Lesley got into ecommerce - 3:40 What made Lesley join EcomCrew Premium - 12:35 How Premium helped her easily sell her business - 18:31 What made Lesley decide to sell her business - 22:54 Why she exited instead of growing her company - 24:44 How the deal was structured - 28:48 <span style= "fon

Related episodes

Frequently asked about this episode

What does this episode say about founder & leadership?
Strategic growth with resources like EcomCrew Premium can significantly simplify the business selling process.
What does this episode say about finance & fundraising?
Selling an ecommerce business can be a smooth process with proper preparation and understanding of deal structures.
What does this episode say about founder & leadership?
Factors beyond financial growth, such as personal aspirations, can drive the decision to exit a business.
What does this episode say about founder & leadership?
Understanding valuation multiples (e.g., 3.6x) and how to improve them is crucial for a successful sale.
What does this episode say about founder & leadership?
Learning from other founders' successful exits provides a clear roadmap for your own eventual sale.

Listen