This document serves as a comprehensive guide for prospective business buyers, featuring detailed information across several key sections. The "Seller Bio" serves as an introductory paragraph akin to a LinkedIn profile or resume, highlighting the seller's educational background, previous experiences, and any current or former business ventures. The "Executive Summary" functions as an elevator pitch, giving an overview of the business, including its type, age, industry, business model, location, and founders. The "Highlights" section emphasizes the business's strengths and potential opportunities for improvement. This includes details under "Strengths" and "Opportunities" subsections.
In the "Operations" section, a thorough description of the business operations is provided, detailing the volume of tasks such as customer support emails or calls, along with the estimated weekly time commitment required. Information about the business's customer base is outlined in the "Customers" section, which covers customer profiles and segmentation, acquisition strategies, and retention methods. Financial aspects are discussed in the "Financials" section, where trends in revenue or profit are analyzed, highlighting any anomalies or seasonal variations in the profit and loss statements. Finally, the "Seller Notes" give the business owner an opportunity to discuss the business's evolution and other critical elements related to the sale. Overall, this structured format allows potential buyers to gain a clear understanding of the business's operations, financial health, and customer relations.
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