The document outlines a comprehensive template for presenting a business to potential buyers. It begins with a "Seller Bio," which is intended to introduce the seller to potential buyers. This section is akin to the opening paragraph of a LinkedIn profile or resume, providing details such as the seller's education, past experiences, and any businesses owned currently or previously. The "Executive Summary" serves as an elevator pitch, succinctly describing the business operations, including its type, age, industry, business model, and location, among other foundational elements.
The "Highlights" section emphasizes the business's strengths and opportunities. It identifies what makes this business appealing and highlights areas where improvements could be made. It specifically covers strengths and opportunities as subsections. In "Operations," the document details what is required to maintain the business's functionality. This includes specifying the volume of tasks like emails or customer support calls and estimating the weekly time commitment necessary.
The "Customers" section is designed to offer insights into the business's customer base, allowing potential buyers to understand their prospective clients better. It includes segments on customer profile and segmentation, acquisition, and retention strategies. Financials are elaborated on in the "Financials" section, which examines any noticeable declines or growth in revenue or profit while explaining any financial anomalies, such as seasonality.
Lastly, "Seller Notes" enables the business owner to detail the evolution of the business and other crucial elements relevant to the business sale, offering a personal perspective on its development and distinct features.
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