Empire Flippers is one of the most popular online business brokers for buyers and sellers of niche sites. However, it’s only natural that you look at other business brokerage options available.
In this article, we’ll look at two Empire Flippers alternatives you can use to sell or buy your next online business.
Flippa
Flippa was founded in 2009 as an online marketplace for websites and digital property. Over the years, it’s become a haven for hundreds of small to medium business owners to sell their business on the platform.
Flippa offers buyers two options when listing their site for sale:
- Assisted Sale: You get an account manager to help with the sale ($15/month + 10% success fee)
- Broker Management: You get a dedicated broker who finds a seller for your site ($15/month + 15% success fee)
Note: The Broker management option requires a minimum sale price of $250,000.
While Flippa is praised for the platform’s low fees, it’s no stranger to scams. Although Empire Flippers has an extensive vetting process that can last up to 4 weeks, Flippa doesn’t perform a verification process for profit and loss statements. Instead, sellers can simply upload any photo as proof, making it easy for scammers to upload fake documents.
Serious buyers may find Flippa’s style of selling frustrating. The auction-style selling websites on Flippa often result in bidding wars, with many buyers outbid at the last minute. In contrast, while Empire Flippers allows buyers to submit a price below asking, other buyers must submit a price that is 10% more to outbid them. This helps to weed out competition and make room for serious investors.
FE International
Initially founded in 2010, FE International is a business brokerage specializing in helping established online business owners sell their businesses. The list prices generally hover around the 6-figure mark, but they also offer some businesses that break the 8-figure threshold.
Currently, it seems that FE International only offers three types of businesses on their platform:
- Saas
- Ecommerce
- Content Websites
Since they mainly focus on SaaS businesses, buyers will find it challenging to find content websites for sale, if they have any at all. Unlike Empire Flippers, FE interactional doesn’t have any Amazon-based business models or Lead Gen available to entrepreneurs to purchase.
In addition, FE International requires sellers and buyers to split the escrow fee on a third-party website. With Empire Flippers, there is no escrow fee since they hold the funds as an escrow service would.
FE International takes customer security seriously and withholds information about the seller until a potential buyer sends a request. However, many customers complain about waiting days to view a listing. On the other hand, Empire Flippers allows for automatic approval to view listings, and users can view up to 10 unlocked listings at a time.
Why Choose Empire Flippers?
While these alternatives all have their strengths, the decision is ultimately up to you. You want to use a business brokerage that cares about buyers and sellers and one that is willing to go the extra mile for its clients. To find out more about the Empire Flippers platform, you can schedule a free call with any of their business analysts.
