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How to Sell Your College Business

The big questions are: When? How? To whom? For how much?

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This story appears in the April 2009 issue of Entrepreneur. Subscribe »

Have you ever dreamed of your college startup for millions and sailing off into the sunset? At some point, every entrepreneur thinks about the ideal exit strategy, but before you can turn this vision into reality, many questions remain. Chief among them: When, how, to whom and for how much do you sell?

Josh Kowitt and Scott Neuberger learned the answers to many of these questions during their sale of CollegeBoxes, the moving and storage company they built while attending Washington University. After graduating in 2003 and 2004, respectively, the two continued growing the company. But by 2007, they were ready for a lifestyle change.

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