The document is a comprehensive guide for preparing a business profile aimed at attracting potential buyers. It consists of seven key sections meant to provide a detailed overview of an existing business. The first section, Seller Bio, is intended to introduce the seller, akin to a LinkedIn profile, highlighting their educational background, work experience, and previous business ventures. The Executive Summary serves as an elevator pitch, delivering essential facts such as the business's nature, history, industry sector, operational model, location, and founding members.
The Highlights section focuses on showcasing the business's strengths and areas ripe for improvement. This includes identifying competitive advantages and potential opportunities for growth. Operations provides insight into the daily management tasks essential for running the business, specifying the workload and time commitment involved, like the number of customer support queries handled weekly.
The Customers section delves into the clientele characteristics, discussing segmentation, strategies for acquiring new customers, and maintaining existing ones. Financials offers a detailed account of the business's economic health, including trends in revenue and profit, and addresses any anomalies or seasonal fluctuations in the profit and loss statement.
Lastly, Seller Notes is a personal reflection from the business owner, detailing the company's evolution and noting any significant factors relevant to the sale. The document is structured to give a potential buyer a full understanding of the business, from its operational aspects to financial performance and growth prospects.
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 new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More