keep or sell this CPG biz?
What would you do in this situation?
- My friend owns a small CPG biz, $4-5K/month in revenue; been around for 7 years
- Sold regionally through Whole Foods and nationwide through Amazon
- Outstanding balance of ~$50K on a covid-era EIDL loan
- Friend is more interested in other, newer ventures
Should he sell it? Can he even sell it with the EIDL loan? Or keep running it as it doesn't require much work to maintain?