Sold on Flippa: Cases Tech

Sold on Flippa: Cases Tech

Platform: Website

Business Model: eCommerce

Business Age: 1 year

Sell Price: $30,000

 

What is Cases Tech?

Cases Tech is an eCommerce business that sells high-quality phone cases and phone accessories. This fully automated, dropship business model sells over 40 different types of covers and phone cases. These include leather cases and phone covers in animal print, glamour, floral and other more simple designs. Cases Tech best selling products include a leather case that fits credit cards, a magnetic phone holder and an ultra slim silicone cover.

The business has enjoyed strong sales, with annual profits of $29k. A well laid out website, high-quality products and excellent customer service have all contributed to this.

We asked the buyer of Cases Tech a couple of questions around why he bought the business and what’s his plans are for Cases Tech. 

 

What was attractive about this business?

I was interested in the business strictly because of the seller. I follow Irene and received notification that she had another listing for sale. I was in the running for one of her previous listings and her communication with prospective buyers in the comments section was excellent. While I didn’t win that auction, I knew that she produced a quality product and was determined to acquire her next project. So when CasesTech hit the market, I performed quick due diligence on the site and contacted her to negotiate a BIN price. The rest was smooth sailing and the site is running great.

 

What are your immediate plans for the business?

My immediate plans are to enjoy the turnkey site as it requires minimal effort. As a working professional, I needed something that was already running smoothly. I plan to scale the business by adding new products and implementing Facebook marketing.

 

How long have you been looking for a relevant business?

I have been looking for a business for about 5 months and will continue to evaluate quality assets in the future.

 

 

To find other great businesses like this one for sale, check out Flippa.com

SOLD on Flippa: A SaaS dog business for trainers & professionals

SOLD on Flippa: A SaaS dog business for trainers & professionals

Platform: Website

Business Model: SaaS

Business Age: 7 years

Sell Price: $210,000

Terms: Seller Financing

 

Dogbizpro was designed by a dog lover, owner and most importantly a dog trainer. Stephanie (the previous owner) noticed a gap in the market when looking for software to manage her dog training business. Coming from a web design background, she decided to build her own.

 

What is the product?

DogBizPro is a fantastic online software application for dog trainers and other dog business professionals. The full feature online software application helps trainers and dog professionals manage all aspects of their dog business. It enables users to look up and store any information needed on the client or their dog.

 

What makes it such a good product?

The software offers modules for training, therapy, daycare & boarding. All modules allow users to manage their client and dog information, client and dog history, client waivers, all transactions, balances, invoices vaccine records etc. It also features class scheduling, document management and location and instructor availability. It’s a one-stop shop for dog professionals.

The software is easy to integrate into any website and enjoys excellent reviews from its customers, many of whom claim the software has cut their computer admin time in half.

 

Who is the DogBizPro customer?

Any person with a dog training, dog walking or dog daycare business that needs help with onboarding, scheduling and managing appointments.

 

Why was it so appealing?

The business was designed by a part-time dog trainer who also happens to be a web designer, thus all the user’s needs were identified and catered for early on. The business was founded in 2011, it’s profitable, well established and has a high google ranking. It was also generating on average $10,450 in profit per week.

 

How did Flippa assist?

Flippa now has over 120,000 registered buyers representing purchase intent of just under $1.2bn.. There’s huge demand.. Once they pop up, sellers like DogPizpro benefit from the self-service platform, an easy way to connect and negotiate with buyers, flexible sale terms and a safe, easy to manage funding process.

 

Case study: Pixel Football Logos – Sandbox Colour by Numbers

Case study: Pixel Football Logos – Sandbox Colour by Numbers

Platform: Android

Business Model: Gaming app

Business Age: 4 months

Sell Price: $56,000

Pixel Football Logos: Sandbox Colour by Numbers allows users to colour in drawings of their favourite football players and team logos. The game mainly appeals to soccer fans and enthusiasts and to date has had over 500,000 downloads. It has been monetized through advertising and subscriptions and users can pay to unlock premium items like popular soccer league teams.

 

What is the product?

Pixel Football Logos: Sandbox Colour by Numbers is an app that is available for Android and can be downloaded from the Google Play store. On the app you will find a range of football logos in the style of pixel art along with instructions around how to draw on the pixels of world famous footballers. 

 

What makes Pixel Football Logos such a good app?

All logo and player images are illustrated by a designer so to avoid any copyright issues. Users can select from a large range of soccer player drawings and logos to add colour to. In terms of financials, the average monthly revenue is $7,996 and profit is $6,942. This demonstrates how effective the owner has been in monetizing the app and also in keeping costs down. The app has over 100 reviews in Google Play and ranks highly amongst soccer league fans.  

 

Why was it so appealing?

Easy to understand why this app had a lot of interest among the Flippa buyer community. Healthy margins, strong consumer reviews on Google play and high levels of engagement – Pixel Football Logos has over 220,000 active users. All of these combined, it’s no surprise the owner quickly found a buyer. 

 

Who is the Pixel Football Logos app user?

Predominantly football fans particularly those who are creative. 

 

How did Flippa assist?

Flippa’s platform has a large pool of buyers that the Pixel Football Logos app had exposure to. It had over 4,300 views, 20 bids and there was a flurry of discussion and interest surrounding it. On top of this, the owner utilised Flippa’s escrow service which guarantees safe and secure payments.

Case Study: EZTool

Case Study: EZTool

Platform: Amazon FBA
Business Model: eCommerce
Business Age: 3 Years
Sell Price: $160,000

EZTool sells watch repair kits via Amazon FBA. They’ve tapped into a niche and the growing direct-to-consumer FBA space. The search power and logistics capability of Amazon has helped them to find a sweet spot. The product is simple and suits the home watch enthusiast! This month EZ Tool Founder Angus Hess successfully found a buyer and has recently completed the sale on Flippa.


What is the product?

EZTool sells two different watch repair kits. Kit one is more conclusive with a wrench and illustrated manual and kit two – the QuickFixxer – is a 16 piece tool kit.


What makes EZTool such a good business?

There’s really two things. Firstly, it’s found a path to popularity in a niche. The product is well supported by a 41 page illustrated guidebook and comes with a 100-day replacement guarantee (nothing like a guarantee to woo customers). Secondly, they’ve successfully leverage Amazon FBA and benefit from cost-effective shipping, storage and world class customer service.


Who is the EZTool customer?

There best selling kit is perfect for watch enthusiasts and connoisseurs alike. Aimed at those who enjoy DIY as well as those looking to save money on pricey jewellers fees the EZTool products sell steadily all year round. And, they’ve found their kits have become very popular gifts.


Why was it so appealing?

Easy to understand this product had significant interest among the Flippa buyer community. Couple that widespread appeal with the FBA model, the strong consumer feedback scores and strong financial results – EZTool was generating between $5-14k profit monthly, which is in part due to low time commitment – and you have a winner.


How did Flippa assist?

The Flippa model has evolved and it’s beginning to suit higher value buyers. That alone is a big win. Flippa now has over 150,000 registered buyers representing a combined purse of over $9bn wanting to be placed. There are not enough sellers. Once they pop up, sellers like EZTool are benefited from the self-service platform, lower success fees than other channels and dedicated account management.

Influencer Series: Matt Raad eBusiness Institute – How to start out on Flippa

Influencer Series: Matt Raad eBusiness Institute – How to start out on Flippa

This week, Flippa CEO Blake Hutchison sat down with Matt Raad as part of our Influencer Series to discuss buying online businesses.

 

Matt is the CEO and Co Founder of eBusiness Institute and with wife Liz, they have been recognised as Australian experts in buying online businesses. Their courses help students to look for businesses that they can buy and build and their platform of choice is Flippa.

In this video interview (see below) he reveals some key insights. In referring to their live events Matt remarked about the ease of using Flippa. “When we run a live event, we love getting onto Flippa and we do it unscripted. We are pretty much guaranteed to find a good deal” (2m:34s).

What are your favourite types of businesses?

“We like sites that sell advertising and the next level (up from here) would be affiliate sites, so sites where we promote a product and then (earn money) get a commission if someone buys it.” (3m.40s). Matt also discusses Ad Sense websites and the success he’s had with those. “It’s where we started and we have made a lot of money. What we are seeing now is that where those Ad Sense sites are in good niches, there is a lot of opportunity.” (3m:15s).

Should you be interested in the subject matter?

“It’s nice to start out in your passion but the reality is you don’t need to once you know how the system works” (5m.00s).

When it comes to website audiences Matt mentions that he loves finding sites that he can drive traffic towards. “On Flippa if we can find someone that’s owned a website for years and they were really passionate about it (but couldn’t figure out how to make money out of it) and they have a bit of an audience following, that’s gold. That is what we want” (4m:28s).

Blake and Matt spoke a little about Amazon and the various business models.

Matt remarks that he’s less familiar with ecommerce but that doesn’t detract from his ability to make money from Amazon. He likes affiliate businesses. Matt gives the example of a dog products reviews website. He notes that an Amazon affiliate revenue stream, in this example, is where reviews of a particular product might convert to an interested customer. In this case, interested customers click off and buy. Where they do buy, the website owner is paid a commission. “A reviewer might do a review of a dog bed and (on that basis) say to customers, ‘BTW if you are interested in this dog bed here is where you can buy it on Amazon’” (9m.38s).” If the customer then clicks this link it is tracked and Matt is paid a commission on the sale of between 4-8%.

For more information around how Matt buys websites on Flippa and monetizes them, watch the full interview below.

Matt Raad is the CEO and Co Founder of EBusiness Institute Australia, a digital training organisation and is passionate about helping others to buy online businesses. Check Matt’s website to learn more or you can connect directly with him via Linkedin.

Case Study: Wedivite.com sold for $70,000

Case Study: Wedivite.com sold for $70,000

I’m joined today by Ben Novak, who sold wedivite.com for $70,000 last month. Ben is a self-taught web entrepreneur with a passion for building online businesses and discusses how he built and sold wedivite.com.


Tell us about your background as a web entrepreneur.

I started as a webmaster at 16 years old. Since then I never stopped coding, designing and building online businesses. Apart from my own projects, during the past 12 years I’ve worked as a copywriter, designer, developer, creative director, marketing director, angel investor consultant and VP of creative. Some of my top past clients are: Google, Deezer, reddit, Pfizer, Gett (GetTexi), Volvo, IKEA and many more.

What is your education/employment/career background?

I have a BA in Communication and Management, and I’m self-taught in PHP, Laravel, Angular, React, React-Native, PhoneGap, JS, HTML, CSS, Python, Swift, Server management and SQL.

You sold wedivite.com for $70,000, which gives it a staggering sale price of 11.5x its annual profit! Tell us about why the business sold for such a high multiple and what the sale process was like.

Wedivite is an entire branded business, around for 3+ years, with top-ranking google positions (1st place in mobile wedding invitations and digital wedding invitations). Apart from that, it has amazing WOM (word of mouth) and over 200K couples worldwide have already used it for their wedding. The website is profitable and I spend roughly 1-3 hour a week on it. So this is just the revenue on auto-pilot. If you start investing time in it, you can quickly turn it into a huge business.

It has a great social footprint with a lot of followers (especially on Instagram) and loads of marketing materials, videos and brand assets.

And the bottom line, buyer paid for 1 business but got 2 businesses (vendor directory and app), 2 mobile apps and a web app.

I noticed you had a $23,000 reserve. Were you surprised it sold for $70,000?

Nope, actually, I think it’s a steal price.

Tell us about wedivite.com. How did it get started and how did it grow?

Started as my own wedding invitation. After that, I opened it for free for everyone to create one. Then couples stated asking for more features, so I added some paid features and then it started to get big, so I stopped developing and focused on making it run on auto-pilot- as I didn’t want to leave my day job. 

Why did you decide to sell wedivite.com?

No time to run it, and it was a shame because it’s had great hype and functionality. So I decided it should “live-on” with someone who’ll take better care of it.

You worked with Cristina Javier, one of our account managers. Can you tell us the experience of working with her and the rest of our account management team?

Everyone was cool. Cristina gave an initial evaluation of the product.

Was this the only online business you operate?

Nope. I have a few other products:

Thinger

3D printing models discovery app. “Find hot models for your lonely 3D printers”

https://thinger.rocks

OfficeHealth

Work-break reminder app with non-embarrassing micro office workouts

https://officehealth.me

What would advice would you give to those looking to sell their websites and online businesses?

In general:

  • Don’t try to sell a product you don’t believe in.
  • If you created a product and couldn’t scale it, describe the steps you tried and why you think you have failed. Sometimes this info will save the buyer a lot of time and worth a lot of money.

For me specifically, I had a feature request tool generated by Wedivite couples (users) and voted on with had hundreds of votes and ideas. This serves a great starting point for your buyer to continue working on the product, as well as a great user base.


Want to get in touch with Ben? Add him or LinkedIn or Twitter!