The document serves as a comprehensive guide for presenting a business to potential buyers, detailing various critical sections essential in understanding and evaluating the business's potential. The introduction advises on crafting a seller bio akin to a LinkedIn profile, covering elements like education, past experiences, and ownership of current or past businesses.
The executive summary functions as an elevator pitch, succinctly describing the core of the business, including its type, age, industry, business model, location, and founders. Following this is the highlights section, which emphasizes the strengths and opportunities of the business, outlining what makes it a robust venture and identifying areas for potential improvement.
The operations section details what is necessary to maintain business function, specifying the volume of tasks such as emails and calls required for customer support and the estimated weekly time commitment. Information about customers is divided into sections, covering customer profile and segmentation, acquisition, and retention strategies, enabling potential buyers to understand the customer base better.
The financials section is crucial, explaining the business's revenue and profit trends while addressing any anomalies like seasonal variances in the profit and loss statements. Lastly, the seller notes provide an opportunity for the business owner to discuss the evolution of the business and any crucial elements pertinent to the business sale, offering a condensed but informative overview for prospective buyers.
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