The document provides a structured framework for sellers to present their businesses to potential buyers comprehensively. The first section is a "Seller Bio" where sellers introduce themselves, similar to a LinkedIn summary, touching on their education, experiences, and any businesses they are involved with currently or have been in the past. The "Executive Summary" serves as an elevator pitch for the business, covering essential details such as the business type, age, industry, model, location, and founders, offering a concise snapshot of what the business does.
The "Highlights" section focuses on the business's strengths and opportunities, identifying what makes it a strong investment and potential areas for improvement. In "Operations," sellers outline the tasks needed to keep the business running, detailing the volume of tasks such as customer support inquiries and specifying the time commitment required weekly.
"Customers" provides insights into the business's clientele, including profiles, segmentation, acquisition, and retention strategies, allowing buyers to understand their future customer base. The "Financials" segment delves into the business's monetary aspects, explaining revenue or profit fluctuations and noting any financial peculiarities, including seasonal trends.
Lastly, "Seller Notes" allows the owner to highlight crucial elements of the business's evolution and any significant considerations for the sale. This structured template aims to equip potential buyers with a comprehensive understanding of the business, aiding their decision-making process.
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