A penny auction website, with a comprehensive feature set and reporting capabilities, is up for sale. The platform is fully functional with available performance history and has previously exceeded its monthly processing limits. The operation can be managed by a small team of three to four individuals. The business has been inactive for a few months, so the current engagement of its 32,000 registered users is uncertain. The asking price includes a reserve of $50,000, which covers the cost of the domain name. Relevant documentation, including statements, is available for prospective buyers. Additionally, the site experienced a pause in operations due to surpassing the processing threshold, which also led to a halt in traffic data collection. For further inquiries or to discuss potential acquisition, interested parties are encouraged to reach out directly to the contact person.
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 new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More