A new online venture was launched as a separate company after a successful trial of a similar website concept. Initially developed as a trial under a different name, this new website has gained significant traction, growing beyond the current owner’s capacity to manage while keeping freelance commitments. This growth necessitates passing the business on to new management. The business model is not entirely passive, as it requires daily management to handle customer queries and coordinate deliveries. The sales process involves customers placing orders on the website, notifying suppliers, making payments, raising dispatch notes, and couriers collecting directly from the suppliers.
The website is custom-built with an admin area designed for efficient management of a large inventory, allowing for batch editing of product details, which includes over 1,800 products with photos and descriptions. There are also additional suppliers available to expand the product offering. Initial funding was secured to launch the website, and the business is currently listed for a full buyout of all shareholders. If the desired price isn't achieved, the owner considers hiring an administrator to manage operations. The focus is finding a buyer willing to handle the ongoing operational needs of the business, which requires a couple of hours of daily attention.
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