The document details the sale of a UK-based crafting marketplace, which has seen significant growth since its inception. The marketplace operates on a subscription model where sellers pay to list their products. There are currently 466 active yearly subscribers benefiting from a discounted first-year rate, and 18 monthly subscribers, generating a total yearly income of £19,720. With all initial year discounts concluding soon, the income is projected to double next year, assuming customer retention.
The website, free from sales commission, allows for unlimited product listings, with future owners having the potential to introduce new monetization strategies like sponsored ads and featured listings. It has successfully tapped into a market seeking alternatives to larger platforms with high commission rates. Growth has been driven by social media and word-of-mouth, though there has been a recent slowdown due to other commitments, highlighting potential for new growth under motivated management.
The site currently self-sustains with minimal operational input and features a live chat, ticketing system, and social media presence, including a Facebook group with 3,000 members and an Instagram following of 600. The customer base is predominantly female, aged 19-65. The venture has remained profitable with opportunities for revenue expansion, maintaining low operational costs, such as $800 annually for server hosting.
The sale includes the domain, client list, and social media assets, with offered transitional support post-sale. There are suggestions for increased engagement through diverse advertising strategies beyond the current £100/month Facebook ads.
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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.
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2. Conduct Due Diligence.
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