The document provides a structured framework for individuals looking to present a business for sale, detailing key areas of information for potential buyers.
The first section, "Seller Bio," outlines how sellers should present their personal background, akin to a LinkedIn profile summary, including education, work experience, and past or current business ownership. This serves as an introduction for buyers to understand the seller's professional background.
The "Executive Summary" offers an elevator pitch for the business, including its type, age, industry, business model, location, and founding details. It succinctly conveys what the business does and its core attributes.
In "Highlights," sellers should showcase the business's strengths and opportunities for growth. This includes identifying the competitive advantages of the business and areas where improvements can be made.
The "Operations" section details the necessary tasks to maintain business operations, specifying the volume of work required, such as the number of customer support interactions, and the estimated weekly time commitment.
The "Customers" section delves into the nature of the customer base, offering insight into customer profiles, acquisition strategies, and retention practices. This helps buyers understand the customer landscape they will be dealing with.
"Financials" presents the business's financial health, explaining trends in revenue and profits and noting any anomalies like seasonal fluctuations, providing transparency to potential buyers.
Finally, "Seller Notes" allow the owner to discuss the business's evolution and any other critical elements relevant to the sale. This personalized insight can be pivotal in conveying the business's narrative and future potential.
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