The document outlines the key components necessary for creating a comprehensive overview of a business intended for sale. It begins with a "Seller Bio," which should provide potential buyers with background information about the seller. This section is akin to a brief LinkedIn profile or resume, highlighting the seller's education, previous experiences, and any businesses currently or previously owned.
The "Executive Summary" serves as a concise description of the business, akin to an elevator pitch. This section should cover fundamental details such as the business type, age, industry, model, location, and its founders.
"Highlights" focus on the business's strengths and opportunities for growth. It should emphasize what makes the business a viable and attractive venture, while also identifying areas for potential improvement.
In the "Operations" section, the processes required to maintain daily business functions are detailed, including the volume of tasks such as customer support emails or calls and the estimated weekly time commitment.
The "Customers" segment provides insights into the customer base, outlining profiles, segmentation, acquisition, and retention strategies to familiarize potential buyers with the clientele their business serves.
"Financials" offer a financial overview, explaining trends in revenue or profits, and noting any anomalies, such as seasonal variations in the profit and loss statement.
Lastly, "Seller Notes" provide a space for the current owner to discuss the business's development and any other key details relevant to the sale, offering a personal touch to the formal business information presented.
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