Online Marketplace - Digital Platform
(Seller's Discretionary Earnings)
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An Online Deal Site. This profitable, online, technology based business, was developed as a two sided-marketplace platform. The business has over 100,000 local members who purchase vouchers to businesses through daily deals and promotions. The e-commerce platform creates a seamless, third party, sales and marketing option for small business owners. Promotions are done through e-mail subscriptions and social media. Customers then find a deal, purchase and redeem their voucher directly at the merchant location. Technology is used by both the customer and the merchant. Mobile apps and web based systems have been developed and keep track of redeemed vouchers. Other highlights include - 1) easy to use 2) efficient transaction process 3) creates a streamlined flow between the customer, POS system, employees and business owner.
The value proposition is, loyal customers enjoy saving on deals and merchants get to scale their local marketing and sales promotions with real results.
Costs to run are minimal. 35 to 40% profit margins. Currently takes 30 minutes a day to operate. Processes in place. Cloud based so you can run from anywhere.
Business is currently profitable and has been positioned for next level growth or to scale. Several business models can be used at this point to grow the business. 1) Franchise or Multiple Territory Model - Can Have a Remote Workforce or Owners 2) Sales Team Model 3) AirBnb Model 4) Stay Put and Expand Model - can be implemented. The Technology has large scale capabilities. Many more opportunities to add products and the business can be a global platform if desired.
Assets Included in Sale - Global Scale Set Up - Two Sided Marketplace Digital Platform - Customer Data - Mobile Apps for Consumer and Merchants - Merchant Relationships and Sales Lead Contacts - Fully Secure, Data Encrypted, E-Commerce Platform - Operations Processes and Cloud Based
Reason For Selling - Business has been successfully positioned for scale or growth.
Seller Financing Available - Negotiable Based on Offer
Ideal Buyer is someone who is looking for a large scale opportunity. Capital and a strong team will probably be required to get the business to the next level. Perfect for an entrepreneur with experience in scaling businesses or franchising models. The technology is already operational, can handle opportunities in offering global scale or adding multiple territories. Operational Processes, Reports and Auditing systems for transactions is in place and robust. Business is a net beneficiary in a recession environment.
About the Business
Contact the Seller
- Bucks County, Pennsylvania
- Year Established:
- Number of Employees:
- Home Based:
The industry for E-Commerce and Mobile Technology is growing at a rapid rate. Groupon is a large scale competitor in the area.
About the Sale
- Reason For Selling:
Business has been successfully positioned for growth or scale
12 weeks - Will help in the transition to new owner
- Seller Financing:
Negotiable Based On Offer
Online Marketplace Digital Platform E-Commerce
- Ad Detail Views:
Feite NDA May 2019.pdf (81 KB)