Facts and Figures
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.
- 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
- Email Marketing
- Website files, source code and content
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Seller is a 32 year old Dutch entrepreneur active in the internet industry for a couple of years with a background in marketing and finance. Started as an entrepreneur in 2006.