The business, established over a year ago, has developed a loyal customer base with repeat transactions occurring almost weekly. It operates as a drop-shipping model, whereby goods are purchased from suppliers and shipped directly to the customers, minimizing the time spent on inventory management. The business has low running costs as it doesn’t hold stock; customers pay first, and the funds are then used to purchase and ship products from the suppliers. This model ensures there are no expenses unless sales are achieved, making it profitable from the start.
One notable advantage of the business is the high demand for its products, which simplifies the sales process because customers are generally eager to purchase. As a facilitator, the business owner focuses on making these transactions as smooth as possible. However, potential delays in supply chains can pose challenges, necessitating strong customer service skills to address any issues that arise and maintain customer satisfaction.
The owner is committed to assisting the new proprietor with after-sales support and will demonstrate how to run the business efficiently. For financial transactions, the owner expresses a preference for receiving payments in cryptocurrencies such as ETH, ADA, or BTC. Additionally, it's important to note that during the period of May to August 2021, revenue was lower due to the owner being on holiday. Despite this, the business model remains robust and attractive due to its scalability and minimal overheads.
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