The document serves as a guide for selling a business and consists of several key sections designed to provide valuable information to potential buyers. The "Seller Bio" section aims to introduce the seller by outlining their education, past experiences, and any businesses they currently or previously owned, similar to a LinkedIn profile introduction. Following this, the "Executive Summary" acts as an elevator pitch that gives a brief overview of the business, including its type, age, industry, business model, location, and founders. "Highlights" focus on the strengths that make the business an attractive acquisition and identify areas for potential improvement, providing insight into its value and future opportunities.
The "Operations" section details the day-to-day activities required to keep the business running, including specific tasks such as handling customer support and the estimated weekly time commitment necessary to manage these tasks efficiently. The "Customers" section sheds light on customer profiles and segmentation, how the business acquires and retains its customers, offering potential buyers a better understanding of the market base they would be inheriting.
The "Financials" section offers a clear explanation of the business’s financial performance, detailing any fluctuations in revenue or profits and discussing any peculiarities such as seasonal trends. Finally, "Seller Notes" provide additional important details about the business's evolution and other significant elements of the sale, serving as a comprehensive 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 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