The document is structured to provide potential buyers with a comprehensive overview of a business that is up for sale. It begins with a "Seller Bio," offering insight into the background of the seller, akin to a LinkedIn profile or resume summary, and includes details like education, past experiences, and any current or previously owned businesses. Next, the "Executive Summary" functions as an elevator pitch, providing key information about the business such as its type, age, industry, business model, and location, as well as the founders.
In the "Highlights" section, the business's strengths and potential opportunities for improvement are detailed. This section aims to portray what makes the business attractive and offers a chance to discuss areas that could be enhanced. The "Operations" section provides a breakdown of what is required to maintain the business's daily functions, including specific tasks, volumes like the number of customer support emails or calls, and the estimated weekly time commitment.
The "Customers" segment gives insight into customer demographics, acquisition strategies, and retention efforts, helping potential buyers understand the nature of the customer base they would be inheriting. The "Financials" section outlines the business's financial state, explaining any trends in revenue or profit, while also commenting on any financial anomalies such as seasonal variations. Finally, "Seller Notes" allow the owner to discuss the business's evolution over time and highlight any critical aspects of the sale.
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