Buy a business? There are several marketplaces where you can sell your business or buy a working 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 develop to a new level with another owner and you reached the ceiling of how high you can develop 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. Deadline Hollywood started off as a column in the LA weekly, in 2002 by Nikki Finke. The column itself was basically an informative entertainment column based around the lifestyles of the rich and famous. Nikki decided to take her now well-known columnto the online world, and the site first went live in 2006 as a blog. She decided upon calling it the ‘Deadline Hollywood Daily’. It was so popular that in 2009 the Mail Media Corporation bought it from her in a lucrative deal with $14 million. The website has since been changed to deadline.com. Wonkette is a website that was established in January 2004, it was part of the Gawker Media Network, and it’s founding editor was Ana Marie Cox, who has also been the editor of the well known website suck.com. Gawker Media thought a downturn in the internet boom was on the horizon, and not wanting to lose all the money they had poured into the website they sold it. The buyers were Ken Layne and his business partners, paying $12 Million in 2006. It’s also worth mentioning that Ken Layne was also the editor of the site at the time he and his partners bought it.
Advices for buying a business: Let’s say your business is well-structured and it’s a legal entity. In this case, be open to small businesses loans to make it easier for a buyer in the United States, which is where most of your potential buyers might be. Nowadays, that’s the way most people buy small businesses. They take a loan from the bank, and once they know the business they’re buying is a USA entity, it makes it everything easier for them to get a loan. If the business is not American, they won’t get the loan. This will leave you with less cash and make the whole structure much less beneficial for you. If you know ahead of time you want to sell your business, maybe in 12 months or more, restructure your legal entity. Consider setting your company in the US, in the UK, or any other place but make sure you get advice from a broker because this structure will give you a better evaluation and, eventually, more bang for the buck. Remember that buyers want practicality and even though your buyer might not be in the US, my experience tells me most of them are. See more details on Buy an existing business.
Empire Flippers offers a full-service and personal approach to buying and selling online businesses. Their main goal is to minimize the friction that can occur throughout the buying and selling process and they do that by personally vetting sellers on the buyer’s behalf and they help sellers step-by-step through the process of selling their business. For buyers, peruse the Empire Marketplace to find the right online business for you and pay a 5% refundable deposit to get access to 12 months of store data. Empire Flippers also helps to facilitate communication by scheduling calls with the seller, and their team vets the store’s data so you can be sure everything’s legitimate and accurate. For sellers, Empire Flippers helps to weed out non-serious buyers, they’ll help you make more money than you would if you were selling your online business on your own, the entire sales process is done on your behalf, and they provide competitively-priced listing fees.
We Sell Your Site – like many before mentioned, We Sell Your Site also has listed on their website that they’ve sold over $100,000,000 in website deals. Well, at least unlike BizBroker24 they have an SSL certificate installed and no errors on their website but only two blog posts (October 2018). More importantly, their listings are pretty empty, only 2 websites listed for sale, so you have to sign up to their newsletter in order to get new listings in your inbox. On the website screenshot you can see media mentions on Forbes and Entrepreneur, but if you click on those nothing happens, so you can’t actually see the articles. I tried Googling those appearances but wasn’t able to find them.
Craigslist is a no-frills, essentially text-based marketplace for virtually any and all products sold. The site is categorized by Country, State, Territory, with listings from the United States to Africa. Clicking on a specific State or Territory allows merchants to post products to sell based within the “For Sale” and “Services” sections. Once registered merchants can create a Craigslist post and upload an image and description; the post “masks” the contact email so that the seller remains anonymous to individuals looking to purchase items or services. Craigslist has the look and feel of old-school online forums; there are no product amount limits, no buyer or seller programs, and few restrictions. A good place to sell products but not the best place to drive your business marketing strategy. You might be surprised by the sales volume you get off Craigslist.
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. BizForSell works as a hub for business brokers as well. Business sellers can search and contact business brokers on the website to assist them with the selling process or business brokers can post advertisements themselves to find buyers of their clients’ business. All the related stakeholders can help each other this way through BizForSell connection. Source: https://www.bizforsell.com.