A 20-year-old entrepreneur finds himself in a legal bind due to a vague non-compete agreement after developing a significant piece of software. This project, which promised substantial financial benefits by generating $80 per webinar attendee, was to be his income source for the next few years. However, due to the legal dispute, he is forced to either shut down the operation or sell it entirely without retaining any stake. The software in question is described as a comprehensive profit system, capable of creating Google-ranked mini-sites that can either be flipped for a lump sum or leased for recurring income.
Initially, the entrepreneur successfully built and sold local lead-generation sites in numerous niches across the U.S. cities. These sites became highly profitable, prompting him to streamline the process with a wizard that automates site creation and ranking on Google. However, scaling the operation manually proved overwhelming, leading to customer service challenges and the realization that automation was the key. The conflict arose after he shared the automated solution with a former client, leading to the current lawsuit.
Now, he is auctioning this business, including its software, training videos, and resources, due to the legal constraints imposed by the non-compete agreement. Despite regretting the need to sell, he presents this as a prime opportunity for another investor to capitalize on the software's potential in the digital marketing domain. The auction offers full ownership, ensuring that the new proprietor can continue the venture unhampered by the existing legal restrictions.
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