The business described is a mobile application available on both iOS and Android platforms, designed to facilitate the sending of tips through the use of photographs of faces or QR codes linked to service staff, such as waiters. The app supports payments via Apple Pay, Google Pay, and direct deposits from credit cards. It allows waiters to immediately withdraw their tips to their bank accounts. The platform is adaptable to different languages and countries, making it versatile for global markets.
The business monetizes primarily through withdrawal fees. The owner is looking to sell the business, citing a lack of marketing budget as the reason for the sale. The business would be ideally suited for establishments in the hospitality industry, such as restaurants, bars, and hotels.
Assets of the business include brand assets, customer and supplier contracts (both written and verbal), proprietary technology, customer databases, domains, and policy and process documents. Additionally, the business maintains social media accounts with a following of 700 on Facebook and 200 on Instagram. The sale includes post-sale support for the buyer.
Overall, the business appears to offer a streamlined solution for gratuity management in the service industry, benefiting both employees and patrons by simplifying the tipping process.
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