This SaaS product provides review management solutions designed to help local businesses enhance their growth by leveraging consumer trust. It includes tools to improve online reputation and gather valuable customer feedback, such as Google reviews. By building trust, businesses can benefit from increased word-of-mouth referrals, attracting new customers and retaining existing ones. The software is user-friendly and tailored to the needs of local small businesses, which makes it particularly appealing.
The service operates on 12-month contracts, resulting in low churn. The technology behind the product is straightforward, leading to minimal ongoing development costs. With a proven product-market fit, there is a vast range of prospective customers who have budgeted for such solutions. Customers are charged a $299 setup fee plus $249 per month on a yearly contract.
The business offers a solid opportunity for first-time founders and business owners due to its stable revenue and easy operations. There is openness to seller financing and creative deal structures, with cash down, as well as 12 months of post-closing guidance and support. This guidance is aimed at helping new owners grow the business toward a future lucrative exit.
Opportunities for growth include selling more services to current customers, reactivating past customers, promoting affiliate services, and expanding customer acquisition. The business setup allows for simple continuation of customer acquisition and cash flow growth. No special skills are required to run the business as lead generation, sales, and support functions are outsourced. The seller is also willing to stay on and assist the new owner on an earn-out basis.
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