It’s been a great run, but you’re finally ready to sell your online business and move on to bigger ventures. We know how exciting it is to start a new business, but you’ll need to get a clean break with your old business to start fresh. This is where Empire Flippers comes in. They make selling your business a straightforward process that everyone can understand.
Similar to the buying process, selling your business on Empire Flippers happens in four easy steps.
1. Submit Your Business Info
The submission process with Empire Flippers is simple. They begin by asking you a few questions about your business, such as your monetization methods, when the business first started, and when it started making money. Once you submit this information, the review process starts.
2. Listing Review and Approval
The Empire Flippers team reviews your submission to create your business listing. Your business goes through the vetting process before listing it in their marketplace and giving it value.
They’ll evaluate your company by looking at your revenue, expenses, traffic sources, and the legitimacy of your business. Then, expect the EF team to ask you questions to understand your business further or clarify information for marketing. On average, the vetting process takes about 2-4 weeks.
3. Publish and Sort Offers
Once your listing is approved, Empire Flippers publishes your listing on their marketplace. In addition, your listing gets added to their email newsletters and sent out to thousands of potential buyers.
They also support sellers in finding genuine, interested buyers serious about investing in a new business. EF will regularly run paid traffic ads to your business to target the right buyer demographic, helping you sell your business quicker than other sites.
4. Sell Your Website
Buyers now have the chance to put in offers for your online business. If they put in an offer lower than your listing price, you have 24 hours to accept it or offer a counter price.
You can also accept higher offers from other buyers who offer at least 10% more. After the deal is done, the migration process begins. EF has an entire department dedicated to migration, so sellers can rest assured that the process will go smoothly.
Business Valuation Tool
Before you submit your business on EF, you can estimate your business value with their business valuation tool. While your valuation isn’t guaranteed to be the listing price you get on their website, it does give you an idea of how much your business is currently worth.
Benefits of Selling your Business on Empire Flippers
- Free Exit Planning Call: An exit plan call with EF assists sellers get things in order to successfully sell their business. This is 100% free and can be done anytime, here’s a link to setup a call. I learned a ton on my call, and it’s helped me organize my business structures for the best future sales.
- Seller Interviews: Seller interviews help you promote your listing and connect with potential buyers.
- Migration Assistance: EF helps sellers through the entire migration process and gives the reigns of the business to the new owner.
Sell Your Next Business on Empire Flippers
If you’re ready to sell your online business, Empire Flippers might be the brokerage for you. Even just generally speaking, you can schedule a call to learn more about the selling process and see if your business is ready to sell. Once you’re ready, they will walk you through the process step-by-step.
