Does 5k sound like a motivating amount of money to you? If not, you shouldn't bother with the headache of selling.
Afaik prices for selling a SaaS are usually 3x to 5x ARR – 50k+ in your case. You can probably find guides online on how to price a SaaS for sale.
If you don't want to be involved and the partner won't buy you out for a good price, there's always the shareholder approach where you simply own part of this asset and get some sort of dividend and/or part of proceeds of any future sale.
Does 5k sound like a motivating amount of money to you? If not, you shouldn't bother with the headache of selling.
Afaik prices for selling a SaaS are usually 3x to 5x ARR – 50k+ in your case. You can probably find guides online on how to price a SaaS for sale.
If you don't want to be involved and the partner won't buy you out for a good price, there's always the shareholder approach where you simply own part of this asset and get some sort of dividend and/or part of proceeds of any future sale.
Thanks Swizec, I suggested this to my co-founder.