Flippa
SOLD!
Business Name

Confidential

Business Model
e-Commerce
Industry
Entertainment

$60,000

Asking Price
Multiple 0.2x

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Originally launched in August 2013, site is a 5-year-old penny auction marketplace which generated $415,000 Cash Flow during the TTM and $338,000 profit.
This business owner has manually entered their financials

Facts and Figures

Location
Netherlands
Date of Founding
2013
Full-Time Staff
Owner Operated
Annual Revenue
$415,464
Annual Expenses
$76,860
Annual Net Profit
$338,604
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.

Business Description

Originally launched in August 2013, site is a 5-year-old penny auction marketplace which generated $415,000 Cash Flow during the TTM and $338,000 profit. This Dutch language site primarily serves Belgium and the Netherlands with opportunities to expand internationally and enter new markets by offering multiple language versions.

How does your business make money?

Site is an auction marketplace. Revenue is generated by people placing bids and winning/buying products.

Why should someone buy this business?

The site is relatively easy to run with the current owner estimating he spends around 15 hours per week on the business adding new auctions to the database, responding to customer support tickets, and buying and shipping inventory. The business could be further automated by outsourcing these tasks to freelance employees.

How can the future owner improve this business?

Growth opportunities are international expansion and advertising through Facebook, Instagram and Adwords.

Business Strengths

  • High levels of Automation
  • High Profit Margins
  • Lots of Repeat Customers
  • Passive Revenue
  • Scalable Business Model

Opportunities for a new owner

  • Start Selling into New Markets
  • Improve Current Marketing Efforts

Key day-to-day operations

  • Customer Support / Service
  • Content marketing

Marketing

  • Email Marketing

Assets

  • Domains
  • Website files, source code and content

Post sale support

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

Included

Confidential

Verified Account

Netherlands