This document outlines a comprehensive guide for potential buyers to assess a business opportunity. It begins with a "Seller Bio" section, which provides insights into the seller's background, including education and past business experience, similar to a LinkedIn profile or resume summary. The "Executive Summary" serves as the elevator pitch, offering foundational information about the business, such as its type, age, industry, business model, and founding details. This is crucial for establishing a quick understanding of the business's scope and framework.
The "Highlights" section emphasizes the business's strengths and potential growth areas, providing insights into what makes the business viable and where improvements could be made. This section is divided into two parts: "Strengths" and "Opportunities."
Operations are detailed in the "Operations" section, specifying the tasks required to maintain the business, the volume of activities like customer support calls or emails, and the weekly time commitment necessary.
The "Customers" section delves into the business's clientele, segmented into "Customer profile & segmentation," "Customer acquisition," and "Customer retention," helping buyers understand their prospective customer base.
"Financials" are discussed with an emphasis on explaining any revenue or profit trends, including any notable financial patterns such as seasonality.
Finally, the "Seller Notes" offer the business owner a platform to discuss the business's growth and any other critical elements pertinent to the sale. Overall, the document provides a structured approach for evaluating the business's viability and potential benefits.
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