An individual passionate about fantasy sports created a unique online platform, styled after the stock market, that allows users to buy and sell professional athletes like shares of stock. The platform, developed a few years ago but never launched, seeks someone to take it to a broader audience. Fantasy sports is a billion-dollar industry with approximately 60 million participants in the US and Canada, predominantly male, college-educated, aged 18-35, with salaries above $70,000.
This platform distinguishes itself by offering fluctuating prices for athlete shares based on a distinct algorithm. This algorithm considers both the player's statistical performance in current games and the volume of shares traded by users. Athlete shares are traded at any time, not restricted by seasons, allowing users to manage their portfolios as they would in a real stock market setting.
While the platform's front-end design and algorithm are ready, further coding and backend work are needed before it can be launched. The site has been inactive and was originally a passion project, thus, there are no financial records available. Potential buyers can gain insights into the target demographic and strategies for customer acquisition and retention through detailed customer profiles and segmentation. The platform offers a fresh take on fantasy sports, intending to attract users who seek an interactive and dynamic experience akin to trading in the stock market.
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