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Business For Sale

SUCCESSFUL WEB BASED BUSINESS

Attn: Mike Greengard
Grand Rapids, MI, USA
Listing Number: "N362-MG"
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Asking Price: $1,275,000 USD USA Dollars
Business for Sale Industry: Technology: Internet  
Reason for Selling: New Business Opportunities
Year Established: 2004
# of Employees: 1 Full Time
Yearly Revenues: $360,000
Yearly Cash Flow: $240,000
 

Business for Sale Overview:

Working in a brokerage firm serving an industry with 5,000 distinct corporate entities led the founder/owner of this highly successful dot.com company to believe that there must be a better way to serve the industry. As a result, the owner of this now four year old industry leading website struck out on his own and developed what is unquestionably the industry authority with the biggest, most successful, categorized, free, searchable website database for this large, but fragmented industry. With monthly revenues continuing to grow (now at $30,000) and cash flow annualized at well over $200,000 and growing, the seller looks forward to working with the buyer of his company for a year or so and then moving on to pursuits in the arts field which is his passion. The spectacular website, with over 700 paying advertisers, receives 20% more hits than any other website serving the industry. In addition, “Google” searches by any number of key words consistently have this website coming up either first or second. Besides bringing the over 700 listed companies more than $100 million of revenues, the website serves as the conscience of the industry with a quality, consumer advocate theme, and a guide to the industry. The business is listed at $1.275 million with ample seller paper available to a qualified buyer. While the business is being offered for sale, the seller is not resting on his laurels as he works on adding new profit centers (that go with the business) including: (1) an expanded global reach; (2) enhanced technical aspects to the website that will enable it to become the “Expedia” of this industry including the opportunity to generate additional revenue streams; and (3) increasing the scope of the business from its 700 listings to an optimal (from profit, service and coverage standpoints) 1,200 entities. This is truly an extraordinary listing for an industry leader with a strong service history and non-stop growth in both revenues and cash flow. Throw in a seller who is willing to stick around and pass on his wealth of knowledge while carrying a significant seller note and this business opportunity becomes both unique and truly exceptional.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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