handing over a $900/mo tool — what order do stripe, dns and the repo move in
Agreed terms with a buyer for a small tool doing about nine hundred a month, forty odd accounts, mostly annual. Nice person, technical, wants to run it themselves.
Neither of us has done this before and we are both being vague about the actual mechanics in a way that is starting to worry me. What moves first. How do the existing subscriptions keep charging without everyone having to re enter a card. When does DNS flip. When do I hand over the customer list, which is the one thing I cannot take back.
Looking for the order of operations from someone who has actually done a handover rather than the checklist on a broker's blog.
@vac_seal_vera · 8mo ago
Costs to have in the model, since at nine hundred a month every hundred matters.
If a marketplace is involved, the seller side closing fee on small deals runs high single digits of the sale price, which on a deal this size is real money. Escrow may be included or may be separate. Expect the buyer to ask for thirty to sixty days of transition support, so price your evenings into the number rather than discovering them.
Also agree in writing what happens to annual customers who already paid you for months the buyer will have to serve. Either you transfer a prorated amount at closing or you knock it off the price. Doing this after the fact is how friendly deals turn sour.
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