The company at the center of this document addresses a pervasive problem in the U.S. rental market where thousands of students need to exit their leases annually. It provides a solution through a network of two websites and 75 Facebook groups dedicated to this issue. These platforms generate significant traffic, presenting opportunities for enhancing revenue through partnerships with apartment complexes desiring to advertise. Currently, operations require approximately two hours daily, focusing on sustaining traffic flow to the website via these Facebook groups. The company earns an average monthly revenue of $3,582.80 with minimal effort, offering options to post on its platforms for students and their families who need to break leases.
Customer engagement primarily occurs through Facebook, with the company being a noted leader in this digital real estate niche. They have organically grown to 671 website members since March 2023 without active marketing efforts. Financial prospects are promising if new management can utilize the traffic for more partnerships and targeted promotions. The business incurs expenses including a premium website plan and a basic e-commerce plan, alongside a monthly Fiverr employee fee.
The company has several monetization strategies through its website and Facebook groups, reflected in package offerings priced at $10, $25, and $50, with hundreds of customers capitalizing on these options in 2023. Additionally, a relet takeover program launched in late 2023 attracted 11 customers. This business offers a robust infrastructure with potential for substantial financial growth.
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