Looking to sell my Internet comany based in NYC, which small Boutique IB is best for a Tech business

I have a internet business that I'm looking to sell, it has no outside financing besides myself. Valuation of the company is between $3-$5 million based on comparable business and different forward multiples. My question is what is the best small boutique Investment Bank to help in the process of the sale of the business.

Thanks in advance

 

Don't know the answer to your question, but I'm interested in what kind of internet firm you're trying to sell. Do you mind sharing?

Not everyone is meant to make a difference. But for me, the choice to lead an ordinary life is no longer an option.
 

I don't know if there are any banks that will be willing to do work for such a low fee. You should just reach out to potential acquirers yourself. I know a couple of people who sold companies around the size you are valuing at and they basically hired a temp to do research on linkedin/capiq for companies that would be a good fit with your company, then asked their sales guy to reach out to those companies. Should be a pretty simple transaction that doesn't need bankers.

 
kakaman:

I don't know if there are any banks that will be willing to do work for such a low fee. You should just reach out to potential acquirers yourself. I know a couple of people who sold companies around the size you are valuing at and they basically hired a temp to do research on linkedin/capiq for companies that would be a good fit with your company, then asked their sales guy to reach out to those companies. Should be a pretty simple transaction that doesn't need bankers.

There are a million botiques at regional locations that would take that business, but you're right, not many in NYC.

 
Best Response
The Real Max:
kakaman:

I don't know if there are any banks that will be willing to do work for such a low fee. You should just reach out to potential acquirers yourself. I know a couple of people who sold companies around the size you are valuing at and they basically hired a temp to do research on linkedin/capiq for companies that would be a good fit with your company, then asked their sales guy to reach out to those companies. Should be a pretty simple transaction that doesn't need bankers.

There are a million botiques at regional locations that would take that business, but you're right, not many in NYC.

There might be quite a few that would be willing to sell a $3-$5mm EBITDA business, but not a business with an EV of $3-$5. He'll have to do it himself.
 

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