Buy an existing business? There are several places where you can sell your business or buy a an established business. Businesses are bought and sold every day, maybe you want to enter a new market or you want to exit a market. Maybe you think your business will expand to a new level with another person leading and you reached the ceiling of how high you can expand it. Let’s see some successful business deals and discuss a little about places where you can buy or sell a business.
Any business can be sold! Even websites, that are not really businesses, can be sold for a lot of money. The website Ugo was founded in 1997 as Unified Gamers Online (UGO) by Chris Sherman.Action World Inc. bought them very early on and decided to rename the business. They changed the name to UGO Networks, however the name didn’t stick for long as it was once again changed to Online Underground. Eventually it was sold on to the Hearst Corporation approximately $100 million. Fotolog was founded by Scott Heiferman, in 2002, and unfortunately the site began to have problems just 3yrs later in 2005 when the amount of visitors and members started to become too much for the websites servers. The website itself currently receives over 20 million unique visitors each month and was sold to Hi-Media Group for the tidy sum of $90 Million.
Tips for buying a business: Waiting too long, or not planning in advance, can cause many business owners to miss their window of opportunity. It takes an average of two to four years to sell a small business. Therefore, long-term planning is key to any successful business sale. By keeping updated records, a detailed business history and sales portfolio on hand at all times, it will make your planning pay off. You just never know when that perfect buyer may walk into your business and make you an offer you just can’t refuse. Succession planning is a major misstep by retailers. Even if you do not have a successor who is a relative, you are still thinking like a succession planner. The person “succeeding” you needs to be set up for success. If they see you have been planning and considering this for quite some time and that it’s not a quick “I’ve had enough” sale, your price will be much higher. Add to that the confidence the buyer will have in a retail store purchase if they see there was a strategy for the sale and that it’s not driven out of desperation. See extra info at Buy an existing business.
Flippa was the first-ever marketplace used for selling websites, and they’re still one of the best. With over 600,000 users, there are plenty of interested buyers to sell to and with the 5,000 online businesses and domains listed for sale every day, there’s lots of choice. Not only can you just buy and sell online businesses on Flippa, but there are other digital assets to choose from like websites, domains and apps. If, however, you’re just looking for online businesses to buy, check out their dedicated categories to Shopify and Amazon FBA stores to narrow down business listings from these particular platforms. Flippa also offers its own escrow service for secure payment processing, and they offer a free valuation service for sellers so they can discover what their business is worth. Flippa works hard to offer a seamless and high-quality service for both buyers and sellers on their site so if you’re looking for a lot of choice and a busy marketplace, Flippa is a great option.
They have “only” 72 listings, but these are all pre-vetted established and profitable online businesses! A website I’ve seen listed in October 2018 sells for $13.500 (lowest), all the way up to $18 million USD. In order to see the details of the listings, you need to sign up on their website. The sign up is free, but you have to sign an NDA. As soon as I signed up a broker reached out to me (same day), so compared to other services I got more of a “concierge” kind of feeling and approach. I explained my position (I bought a few smaller sites, but the reason for my sign up was this review). What happened next was more of a surprise than the broker reaching out to me. Rick Latona himself emailed me, and wanted to make sure his service is reviewed in the right way. Well, if they handle their clients the same way they handled this “out of the blue email”, they are doing a great job! You can read on old 2009, but an in-depth interview with one of the co-founders Rick Latona, here. As you can see, Latona’s broker business is not his first rodeo. Here’s Rick’s take on what differentiates them from other brokers and marketplaces for buying and selling websites.
Cafe Press’s income has been cut significantly (from 89.19M to 41.8M), and there’s doubt this has to do with Amazon’s explosive popularity. A trend we’ll likely continue seeing for a lot of alternative marketing channels on this list. The website is easy to navigate and is pretty clear in terms of functionality and navigation, with a detailed help section designed to assist both individuals and businesses in purchasing stock from the site or establishing a commercial presence online…albeit a limited one. The limitation affects ecommerce merchants who have specialized stock they’ve created or manufactured that they’re trying to sell; CaféPress allows the sale of specific stock items provided by the marketplace itself. The advertising is pretty clear on the site, inviting individuals to sell custom designs on over 250 products they can choose from; the site offers the creation of a “CaféPress Shop” which individuals can design to showcase their designed products.
BizForSell is number #1 Go to for business sellers, business brokers and buyers. bizforsell.com is one of the biggest and most reliable business selling marketplaces in the world. We aim to solve the unique problems business sellers, business brokers and buyers have to face while selling or buying bussiness. We offer very convenient options for sellers, buyers, and brokers of businesses. Business buyers can easily browse businesses locally and find the best possible deal . With a fast-growing audience of sellers, buyers, and brokers, you can be sure of finding something suitable for you on this marketplace if you search! We provide solutions to sellers, buyers and brokers worldwide. Source: https://www.bizforsell.com.
