The document provides a framework for presenting essential information about a business to potential buyers. It begins with a "Seller Bio" section, which is designed to give buyers insight into the seller's background, similar to a LinkedIn profile or resume, including education and prior business experience. The next part, the "Executive Summary," functions as an elevator pitch, offering a concise description of what the business does, along with basic information such as its type, age, industry, business model, and location.
The "Highlights" section identifies the business's strengths and potential areas for improvement, helping emphasizing elements that make it a good investment opportunity. This is followed by "Operations," which outlines the tasks necessary to maintain the business operations, specifying the volume of work involved and estimated weekly time commitment.
In the "Customers" section, detailed information about the customer base is provided, including profiles, acquisition, and retention strategies, which is crucial for understanding the future customer landscape. The "Financials" section details the company’s financial health, noting any significant trends or anomalies, like seasonal fluctuations.
Lastly, the "Seller Notes" section allows the current owner to detail the business's evolution and any additional important aspects regarding the sale. This comprehensive formulation is aimed at equipping potential buyers with sufficient information to make informed decisions regarding the purchase.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More