In 2011, a music enthusiast launched a lyrics website to address frustrations with existing lyrics sites. The site emerged in a landscape undergoing transformation due to a major disruptor, known for its unique annotation feature that allows users to explain lyric meanings. This innovation not only added value for consumers but also enhanced search rankings. Despite significant changes, other lyric websites either delayed or neglected adopting this format. A notable acquisition in the industry saw a major lyrics site procured by a media conglomerate for $18 million, highlighting the lucrative nature of the lyrics niche.
The platform focused on brand growth and audience development, eschewing extensive monetization. Without external funding, it has remained self-sufficient with minimal advertising. The site achieved substantial success, particularly in the UK, by leveraging relationships with PR agencies and record labels to secure exclusive content from songwriters. The creators now seek an exit strategy, due to time constraints as they invest in a real estate software venture.
The platform offers various features: AJAX search, social media integration, user submissions, content moderation, and annotation capabilities. With a robust daily user base and numerous registered users, it has facilitated interviews with signed artists and produced extensive video content. Built on a CodeIgniter framework with PHP and MySQL, and hosted on a cloud server, the site integrates data from music databases and sources content from multiple channels. The sale includes the site’s code, databases, hosting, domain names, and related online accounts, offering a comprehensive package for prospective buyers.
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