An online service, originally acquired from a digital marketplace in October 2011, provides comprehensive online tools for hosting events and selling tickets. The platform charges $1 per ticket sold, processed through PayPal. Since its acquisition, minimal time has been invested in management or promotion, resulting in moderate ticket sales of around 240 per month. Despite low usage, the site's custom event platform represents significant value. Available with its sale are various social media accounts and a blog, although these have not been updated since the purchase.
Established in 2008, the platform has undergone three updates and offers full automation with low maintenance needs. It's built on Joomla, operates smoothly on budget hosting of approximately $15 per month, and uses third-party services for email and payment processing. Customer support queries are minimal due to the system's automation.
The seller's decision to sell stems from other commitments, preventing active site development. Sale terms include potential transfer of existing web hosting and social media accounts, with financial transactions facilitated via escrow services.
Revenue is derived solely from ticket sales, which have lagged due to lack of promotion. The platform, however, holds growth potential in three areas: enhanced marketing efforts, tapping into local events, and offering a white-label solution for event management companies or web developers. Traffic data from mid-2012 reflects stable engagement on the site, pointing to underlying opportunities for expansion under new ownership.
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