Hello, happy Friday, and welcome to another Flippa Friday here on MorganLinton.com! Like I do every week I’ve gone through Flippa’s listings and found two sites that look like they could be interesting investments. As always, with any investment, it’s important to do your homework and I always encourage people to use Flippa Due Diligence service if you’re looking at buying a business with meaningful revenue to make sure everything checks out.
Oh and before I dive in I also wanted to highlight something pretty cool that Flippa is doing in Texas this month. July 27th, 28th, and 29th Flippa will be holding meetups (think free beer 🍻 ) in Houston, Dallas, and Austin. Here’s the details if you’re interested:
So if you’re in Texas, I’m jealous of you this month, grab a beer and if you can, snap a photo and share it with me on Twitter (@morganlinton), maybe I can live vicariously through you this month 😂
This site caught my eye for a couple of reasons, first, and you’ve probably learned this about me by now, the site has been operating for 8 years so it has some real history. It’s also selling at a very low multiple of 1x which seems a bit too good to be true but my guess is there is some work involved in running this so it’s not entirely passive.
For me personally, I also like SEO and think it’s an interesting space so I could see this being fun for someone who also gets a kick out of SEO. All that being said, I do have to say I’m a little concerned about how easy it really would be to run an SEO agency that someone else has built. Additionally, I know that link-building services sometimes can follow somewhat scammy practices so I’d want to really do a deep dive to understand how they’re structuring the services that they offer.
At the end of the day, if you’re already an SEO pro (which I’m not) this could be an interesting opportunity to pick up an existing book of clients and take the business to the next level. As you can see at the top, you can pay just $100 for a due diligence report on the site and I would definitely do that in this case as it doesn’t look like the seller has sold sites in the past on Flippa.
Okay, so my second pick for this week might just be the first online business I’ve seen on Flippa that’s over 20 years old. With 21 years of history it should be very possible to validate the revenue and really understand what the owner has done to keep the business running profitably all of these years.
One thing I’m not crazy about with this one is that you’re selling physical equipment and parts, I’m used to selling 1’s and 0’s so selling real things scares me…but I know there are plenty of people out there that are more than comfortable selling physical goods.
I think this site could be a great opportunity for someone that has operated a paint equipment or related site in the past. When someone runs a business for 20+ years they have the curse of knowledge and sometimes a fresh set of eyes can help see new opportunities for growth. While the site does cost a pretty penny, if it does indeed do $120k+ a year, this could be pretty darn interesting.
Okay – and that’s it for this week, TGIF and have a great weekend! 🙌