This text outlines the various components necessary for preparing a comprehensive business sales document, aimed at providing potential buyers with essential information. The document should start with a "Seller Bio," which offers a brief introduction akin to a LinkedIn profile, detailing the seller's background, education, and business experience. The "Executive Summary" serves as an elevator pitch, summarizing the business's type, age, industry, business model, location, and founding history.
In the "Highlights" section, sellers are encouraged to enumerate the strengths and opportunities offered by the business. This involves highlighting its competitive advantages and areas ripe for improvement. The "Operations" section should elaborate on the daily tasks required to maintain business functionality, including specifics on task volume, such as customer support interactions, and the weekly time commitment.
The "Customers" section delves into the demographics and behavior of current customers, addressing customer profiles, acquisition strategies, and retention methods.
The "Financials" section is crucial for illustrating the business's economic performance, explaining patterns like growth or decline in revenue, and noting any financial peculiarities, such as seasonal fluctuations.
Finally, "Seller Notes" provide a space for the current owner to discuss the business's historical development and include any important information regarding the impending sale. This structured approach ensures all critical facets of the business are conveyed to prospective buyers, helping to facilitate an informed and efficient sales process.
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