This document outlines the terms and conditions of a financial agreement facilitated through an escrow service. The total cost of the transaction is set at $50,000, structured as a 24-month deal. An initial upfront payment of $25,000 is required at the commencement of the agreement. The remaining balance of $25,000 is to be paid over the course of 24 months. This portion of the payment will be divided into equal monthly installments of $1,041.67. These terms have been established to ensure that both parties involved in the transaction comply with the agreed-upon financial commitments, utilizing the escrow service as an intermediary to manage the transfer and distribution of funds in accordance with the schedule outlined in the agreement. The use of escrow services aims to provide a secure and reliable mechanism for managing the financial aspects of the deal, ensuring transparency and trust between the parties. This structure not only facilitates easy management of payments over time but also protects the interests and financial security of both parties involved in the transaction.
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.