The UK-based online marketplace, known for its rapid growth and comparison to another popular marketplace, offers a platform for both local and national buying and selling. The marketplace distinguishes itself with a 'buy now' pricing model, eliminating the need for auction-style waits. Additionally, it boasts significantly lower fees, charging no listing fees and only a 6% commission upon sale. Users can conveniently import their listings and feedback from the other marketplace, though technical issues with this feature are currently under repair. Since its launch in July 2007, the platform has seen impressive growth, with strong search engine optimization efforts ensuring high rankings in major search engines. Most product listings are indexed and appear in search results within two weeks.
Despite its success, the platform is up for sale due to the team’s other business commitments. Its revenue streams include the 6% sales commission, upgraded advert revenue, premium rate telephone revenue, and Google Adsense. On average, the site attracts 1,700 unique visitors daily and maintains a database of nearly 50,000 users encompassing both buyers and sellers. Moreover, all listings are displayed on multiple major online aggregators. The website holds significant potential for growth, but the current owners are unable to allocate the necessary time to capitalize on this potential.
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