The document outlines the essential components of a business sales prospectus, guiding potential buyers and sellers through key sections to facilitate informed purchasing decisions. Initially, "Seller Bio" provides a succinct professional background of the seller, similar to a LinkedIn summary or resume, detailing their education and entrepreneurial experiences. The "Executive Summary" follows with an elevator pitch of the business, highlighting basic information such as its type, age, industry, and business model, along with details about the founders and location.
Further, the "Highlights" section addresses the strengths and opportunities of the business, thereby presenting what makes it appealing and identifying areas for potential improvement. This section contains subsections specifically dedicated to strengths and opportunities. In "Operations," the document describes necessary tasks to maintain business functionality, specifying details such as customer support volumes and estimated weekly time commitments.
The "Customers" section elaborates on the nature of the business’s clientele, providing insights into customer profiling, acquisition, and retention strategies. Financial details are covered under "Financials," which explains revenue trends and potential anomalies in profit and loss statements, such as seasonal variations. Lastly, "Seller Notes" offer a space for the business owner to discuss the business's evolution and outline pivotal elements of the business sale. This structured format assists potential buyers in gaining comprehensive insights into the business, thus aiding them in making well-informed purchasing decisions.
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