Flippa
SOLD!
Business Name

LolSnaps.com

Business Model
Advertising
Industry
Entertainment

$55,000

Asking Price
Multiple 1.7x
This 9-year-old site which curates funny articles & memes for a loyal community has generated over $31,500 in profit in 12 mths via advertising and gets 3.6m page views per month!
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2010
Full-Time Staff
Owner Operated
Annual Revenue
$37,578
Annual Expenses
$6,078
Annual Net Profit
$31,500
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month March 2019 April 2019 May 2019
Revenue $1,957 $2,626 $2,377
Expenses $539 $501 $476
Net Profit $1,418 $2,125 $1,901
Month April 2019 May 2019 June 2019
Pageviews 3,712,164 3,814,098 2,021,003
Users 264,984 292,649 173,526

Note: Traffic data was provided on June 18, 2019. Enquire for more recent data.

Business Description

Some of the most popular, frequently visited websites on the internet offer funny reading and memes! Created in 2010, LolSnaps (https://lolsnaps.com/) is a well-established content site which curates humorous articles, memes and other content. It has generated over $31,500 in profit in the prior 12 months through advertising using Google Ad Exchange, AdSense, Amazon Publisher Services, and OpenX. The audience is a strong, loyal community which has helped LolSnaps.com secure a highly predictable revenue stream. As we've developed a large, loyal community/following, we have not had to invest in or rely on paid social media marketing and viral videos. The site averages 3.6 million page views per month and 294,000 users per month. While social media channels, in particular, Pinterest, drive the majority of current website visitors, the existing community represents over 85% of page views & advertising revenue.

How does your business make money?

LolSnaps.com makes money from advertising. The revenue model is stable & predictable. Current advertising partners include Google Ad Exchange (AdX), Google AdSense, Amazon Publisher Services (UAM) and OpenX. Google Ad Exchange is a premium ad exchange built for publishers. Eligibility requirements for Google Ad Exchange are higher than AdSense and LolSnaps has been a preferred publisher since 2012.

Why should someone buy this business?

This Wordpress website has strong domain authority and has been profitable from day one. Content is written by our community and myself and consists of humorous articles, memes, and captions. A large amount of traffic is driven to the website from our Pinterest account which today has over 179,000 followers. (https://www.pinterest.com/lolsnaps/). Our advertising accounts are established and well regarded. This website could be easily managed by both a technology novice and expert and the time commitment is low. I currently spend approximately 1.5 hours per day on the site. The LolSnaps.com audience/community is very loyal which is something hard to create in the current environment. Predictable visits and income give a future owner the ability to extract strong cash-on-cash returns or they can grow the business with no large capital investment. We have approx. 5000 subscribers and have done no email marketing to date. We have also not done any paid advertising in recent years.

How can the future owner improve this business?

The future owner can choose to do nothing with the website and simply manage it for cash-on-cash investment return. Or they can also look to grow the business for a greater return in the following ways. They can increase advertising rates by deploying "header bidding" technology. There seems to be strong evidence that header bidding can increase ad rates from 10% to 60%. They could convert more of the social media audience to frequent community users. Social media visitors view an average of 1.92 pages per visit and frequent community users view 15.95 pages per visit. Increased page views per visitor will drive more ads and revenue. They could also increase the volume of content posted to the site. This will increase the frequent community user page views and will result in increased ads shown.

Why are you selling this business?

I'm focused on building out a new business (in a non-competitive space) and need the time and energy I'm devoting to LolSnaps. LolSnaps is performing well and is reasonably priced for either a buyer who wants a solid financial return or a buyer who wants a growth opportunity.

Business Strengths

  • Brand and Community Loyalty
  • High Profit Margins
  • Length of Operation in Niche
  • Lots of Repeat Customers
  • Strong Recuring Revenue

Opportunities for a new owner

  • Improve Current Marketing Efforts

Key day-to-day operations

  • Design & Production

Assets

  • Brand assets
  • Custom technology
  • Customer databases
  • Domains
  • Hosting accounts
  • Relevant email accounts
  • Social media accounts
  • Website files, source code and content

Social Media

Facebook
21K followers
Twitter
3.2K followers
Instagram
0 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Kevin Marcum

Verified Account

United States

Entrepreneur and doer of many things. Own websites in the healthcare, banking, and entertainment markets.