The described deals website was established in April 2009 to help people find local meal deals daily. The platform allows users to filter deals by popularity, location, cuisine, or restaurant name and is accessible via a website and smartphone apps for iPhone and Android. Users can find recurring deals offered by restaurants, like discounted meals on specific days. The platform's goal is for restaurants to subscribe and manage their deals directly. Though initially neglected, the business was revitalized in 2011 with the development of mobile apps and an admin area. Restaurants are charged $57 per month to promote their offers, with payments made via a subscription model.
The site has over 20,000 subscribers and sends weekly newsletters with deals based on subscriber locations. It maintains social media accounts and covers major Australian cities like Sydney and Melbourne. Revenue avenues include merchant subscriptions and advertising, but minimal SEO or marketing efforts have been made to increase traffic. Annual costs are low, mainly comprising hosting and domain renewal fees.
The business owner is selling the site to focus on a new venture. The new owner will receive domain rights, hosting, codebases, and subscriber databases. There’s potential for growth through division of city regions into franchises and increased online marketing efforts. Currently, the site averages 150 visits per day, with most users accessing deals via the smartphone apps. Subscriptions are a growing income source, complemented by modest Google AdSense earnings.
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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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