The owner of a company specializing in social media applications has announced the sale of one of its subsidiaries. This company has a presence on platforms like Bebo and MySpace, with a user base exceeding 6 million, primarily from the UK and US. However, due to a decline in traffic on these platforms, attributed to Facebook's popularity, and the need to allocate funds for a new project, the sale is being pursued.
The company currently boasts about 4.5 million app users on Bebo and 1.5 million on MySpace. It also includes a 2.8 million user database with various niches and age groups, and a 4 million+ RSS subscription base. New owners will have the opportunity to start monetizing immediately, with personal advertising accounts provided for the network if desired. The sale offers an accessible entry point for those new to online businesses or seeking to expand brand awareness.
Post-transaction support is promised, including access to a private server and assistance from a personal programmer to customize the network to the buyer's needs. The business reportedly generated significant profit before entering a non-profit sponsorship agreement, which recently concluded. Despite a decrease in traffic from its traditional platforms, the apps still attract over 250,000 unique daily visitors from the US and UK, showing potential for profitability through monetization strategies. Potential buyers are encouraged to reach out for more information.
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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.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
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