Flippa Friday: KolaKube.com Sells for $20,000 on Flippa

KolaKube.com, a four-year old online business that sells WordPress Thesis Skins has just sold on the popular website marketplace Flippa for $20,000. The business was started in 2007 and has grown to bring-in a monthly revenue of over $3,000/month. The site itself is a PR4 with an Alexa rank of 31,289.

kola_kube_websiteKola Kube is one of the top Thesis Skin sites and was actually nominated in 2010 as one of the top bloggers/website owners by Income Diary and Blogging labs. The auction itself had seven bidders and after reaching $15,200 a buyer pulled the trigger and went with the Buy It Now price of $20,000.

flippa_kolakube_saleThis site became a leader in it’s category and the owner did a great job of creating a business in a niche that is really seeing incredible growth. Just another great example of some of the businesses people are building and liquidity they are creating. If the owner of KolaKube.com just purchased that name and held-onto it, there’s a good chance he couldn’t get even $20 for it today, build a business on it and he’s got $20,000 in his pocket to put into his next investment, along with all the money he made along the way!

 

{ 9 comments… add one }

  • Jeff August 12, 2011, 9:50 am

    So – the website sold for less than 7 months profits? Doesn’t seem like a good sale for the seller, especially since the listing claims the business runs on autopilot.

    Reply
  • Yury August 12, 2011, 9:58 am

    Why would a site making $36K a year sell for $20K? Stupididity

    Reply
    • Morgan August 12, 2011, 10:17 am

      I definitely agree this is a low sale price for the amount this was making per month. Still, if the seller wanted instant liquidity – they got it. From what I can tell they made over $50,000 total running this business and it was mostly on autopilot.

      Reply
  • Josh August 12, 2011, 12:02 pm

    In general, most flippa listings seem scammy/overhyped in some way, but this one doesn’t. It’s sad that somehting as professionaly done as koalakube and the auction itself didn’t garner a higher multiple. I would bet that it could have sold for twice as much if they would have hired a copywriter to hype the site in the auction listing. It did $4700 in July…

    Reply
    • Morgan August 12, 2011, 12:16 pm

      @Josh excellent point, in this case I think the listing could have really done a lot more to sell the site. It is a real brand and could have been presented in a much more professional way that would have brought-in more interested investors.

      Reply
  • Business Ebooks August 12, 2011, 11:22 pm

    The world of wordpress is amazing and we are now seeing more and more business’s being sold as wordpress sites, great inspiration for all of us i suggest. Good post Morgan

    Reply
  • Gregory C. August 21, 2011, 7:47 pm

    No idea why Alex sold this site for so low, the themes were real quality, and why would you sell a site for less than a year’s worth of it’s projected income? I really don’t get this one at all.

    Reply
  • Jerry September 6, 2011, 7:35 pm

    I agree with the poor price point. I also wonder what was the reason for Flippa’s banning of Alex from the site lol

    Reply
  • Alex Mangini December 10, 2011, 6:25 pm

    Can’t believe I didn’t see this sooner.

    …Kolakube was never sold. Just sayin’

    Reply

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