This document serves as a guide for potential buyers to understand a business on various fronts. The first section, "Seller Bio," is designed to provide a brief background of the seller, similar to an introduction on a professional networking platform. It should include details like education, past experiences, and any previous or current business ventures. The "Executive Summary" acts as an elevator pitch, offering a snapshot of what the business does, its industry, type, age, and foundational details such as company location and founders.
The "Highlights" section emphasizes the business's strengths and potential opportunities for growth or improvement. It is divided into subsections identifying key strengths and areas that could be improved. Following that, the "Operations" segment outlines the daily activities necessary to maintain the business, detailing the frequency and nature of tasks like customer support and specifying the hours required weekly.
The "Customers" section aims to acquaint potential buyers with the business's clientele. It includes subsections on customer profile and segmentation, methods of customer acquisition, and strategies for retention. The "Financials" section presents an overview of the business's financial performance, explaining fluctuations in revenue or profit, with attention to factors like seasonality that may affect these figures. Lastly, the "Seller Notes" offer an overview of the business's evolution and highlight any key elements relevant to the business sale, providing additional insights 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 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