The business is a digital platform comprising a website and an iOS mobile application designed for musicians and venues. Musicians and venues can create accounts, where venues provide details about their location and post gigs they are seeking musicians to book. Venues are charged a 20% booking fee for each musician hired, while “Party Planners” benefit from a reduced fee of 10%. The platform facilitates the import of gigs from sources like Facebook events, eliminating the need for duplicate event creation.
Musicians, using the platform free of charge, can build personalized profiles and access available gigs. The platform automates payments from venues to musicians using the Braintree API after a gig is completed. It also markets gigs to music enthusiasts via two main avenues: a publicly accessible map on its website for locating gigs and a mobile app offering similar functionalities, including social features for user interaction.
The business earns revenue through fees imposed on venues and party planners. However, the owners are looking to sell the business due to a lack of resources for marketing and user acquisition. This business opportunity is well-suited for someone passionate about the local music industry and interested in supporting its growth. It comes with brand assets, custom technology, domains, website files, and a source code. The business holds a modest social media presence and maintains a mailing list. Post-sale support is offered to facilitate the transition for the new owner.
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