Successful online business for sale

[scorecard]

2 hours ago, Will B Good said:

Who the hell wants to sell a successful business???

He's already mentioned his/family circumstances have changed and they need to move on. 

 

Maybe he/they have an even better opportunity to move to! If so, good luck to them.

 

Who knows, and they don't need to explain.

 

Edited November 9, 2022 by scorecard

[garrya]

2 hours ago, steven100 said:

I'll give you a few thousand baht .....  lets meet and talk.  Online businesses are a dime a dozen in Thailand.  The truth is it's worth very little,  anyone can set up here the same for nothing.

Anyway ....  let me know ....         don't dream   !!

Lol. Try to start a new online shop and let's see how you succeed. 

[garrya]

53 minutes ago, 1FinickyOne said:

Someone who wants to get a big paycheck and move on to the next thing... some people have enough and even more than enough and want to do something else... 

You may need to read the OP. 

[Sparktrader]

7 minutes ago, scorecard said:

He's already mentioned his/family circumstances have changed and they need to move on. 

 

Maybe he/they have an even better opportunity to move to! If so, good luck to them.

 

Who knows, and they don't need to explain.

 

Start another break even business? If profitable why not say its profitable?

 

I got a pub for sale 20m baht. Does it make a profit? Not telling. Turnover is good plus i like the beer.

 

Same thing.

 

 

[FritsSikkink]

1 hour ago, garrya said:

Does it matter? The Seller makes up the price. 

Yes it does, when prices go up you have less buyers.

Revenue says nothing, you could be making a loss.

Do you have tax statements for the company?

Profit not important? You have no clue about how a company's worth is calculated then. 

Edited November 9, 2022 by FritsSikkink

[garrya]

3 hours ago, Sparktrader said:

Start another break even business? If profitable why not say its profitable?

 

I got a pub for sale 20m baht. Does it make a profit? Not telling. Turnover is good plus i like the beer.

 

Same thing.

 

 

It's your choice how you make money. 

It doesn't matter how others operate.

[garrya]

4 hours ago, Sparktrader said:

Profit is everything.

You decide how much you charge, not the previous owners 

[garrya]

4 hours ago, Sparktrader said:

But profits are a mystery. Sounds lile break even to me.

You decide on your profit. It doesn't matter what others do. 

Many products are sold on ridiculously high prices even if the quality is <deleted>. It's about marketing, investment and hard work.

A business that have generated tens of thousands of transactions and reached one of the highest average rating online isn't a mystery.

It's a family-run business which can't be run as a family business any longer.

The question was simple. Is there a way to find possible buyers? 

 

[Lacessit]

6 hours ago, garrya said:

No debts, and no need to scrutinize profit as it depends on the seller how much they want for each product.

Evasive. You expect to sell without a buyer doing due diligence?

[JayClay]

7 hours ago, garrya said:

Does it matter? The Seller makes up the price. 

No they don't; the customers do.

 

If the profit margins are small, and they could easily be raised, you'd have done it yourselves.

[Celsius]

Wow, what a scam.

 

I had a successful amazon business for 20 years. There's no way you can transfer ownership. It's the same with Lazada. Anyway, you'd be baying the store reputation and feedback, not a product.

 

Everyone and their dog has a shop on Lazada and shopee. What could you possibly offer me that I don't know?

 

Why are there so many dodgy people living in Thailand? Mind boggles.

Edited November 9, 2022 by Celsius

[JayClay]

6 hours ago, FritsSikkink said:

Yes it does, when prices go up you have less buyers.

Indeed. Had the OP said "the profit margins may be low, but the turnover is high" that would have been a reasonable response.

 

Saying something as ridiculous as "you can charge what you like once you've bought the business" makes one seriously question the seller's integrity.

[daveAustin]

9 hours ago, ezzra said:

To the OP, i think it was a mistake to post here that you're selling your business, too many smart-alec and irrelevant remarks and replies, i hope you sell your business quickly and successfully soon...

I agree. Poor guy was only asking the question. At times you’re better off asking the cat than this crowd.

[patman30]

yes
you ensure your lazada/shoppe accounts
are biz accounts owned by your registered company

then you sell the company
for which you should have all the books to shows profits etc

if you dont have a registered company
what you want to sell is likely illegal or not worth much (below threshold)

[KhunLA]

7 hours ago, garrya said:

It can be discussed. 

Obviously, lawyers would be around when it comes to taking over. 

Not even a ballpark number, before involving anyone else.

 

You'd spark more interest, if you'd simply state: sale price & yearly profit maybe past 3 yrs.  Ballpark idea on ROI before people waste their time.

 

PM would even work.

Oh well, good luck.

[1FinickyOne]

8 hours ago, garrya said:

You may need to read the OP. 

I was responding [and quoting another poster] in defense of you... 

[Celsius]

A change of circumstances in the online world means another competitor is selling the same product for cheaper.

[FritsSikkink]

5 hours ago, garrya said:

The question was simple. Is there a way to find possible buyers? 

 

Not one with business sense as you don't sound convincing as a businessman and keep avoiding very basic questions.

[garrya]

3 hours ago, Lacessit said:

Evasive. You expect to sell without a buyer doing due diligence?

You want me to disclose sensitive information here? 

That only is gonna available for buyers not the regular public 

[garrya]

2 hours ago, Celsius said:

Wow, what a scam.

 

I had a successful amazon business for 20 years. There's no way you can transfer ownership. It's the same with Lazada. Anyway, you'd be baying the store reputation and feedback, not a product.

 

Everyone and their dog has a shop on Lazada and shopee. What could you possibly offer me that I don't know?

 

Why are there so many dodgy people living in Thailand? Mind boggles.

Lol. I just did. 

Transferred ownership in 2 days. 

Please don't spread misinformation

Lol. 

[garrya]

2 hours ago, daveAustin said:

I agree. Poor guy was only asking the question. At times you’re better off asking the cat than this crowd.

Absolutely true!

[garrya]

2 hours ago, patman30 said:

yes
you ensure your lazada/shoppe accounts
are biz accounts owned by your registered company

then you sell the company
for which you should have all the books to shows profits etc

if you dont have a registered company
what you want to sell is likely illegal or not worth much (below threshold)

Lol. It doesn't work that way. The business can be sold and ownership is signed to another company. 

It's a registered business

[garrya]

2 hours ago, JayClay said:

Indeed. Had the OP said "the profit margins may be low, but the turnover is high" that would have been a reasonable response.

 

Saying something as ridiculous as "you can charge what you like once you've bought the business" makes one seriously question the seller's integrity.

Profit margin is 5-50% depending on products, stock, interest etc. 

It's not magic. 

Even with the lowest possible profit margin, the business generates well over a 100k profit per month. 

Most month it's more than that 

But you know it better as you run my business, don't you? 

????

Edited November 10, 2022 by garrya

[KhunLA]

1 minute ago, garrya said:

You want me to disclose sensitive information here? 

That only is gonna available for buyers not the regular public 

A simply ballpark price, and average net profit would go a long way to someone interested.  Silly not to provide that wee bit of info.

 

Business generating xxx amount the past 3 year, xxx amount profit.

Price is xxx amount, expect ROI in about 10 yrs

 

Not rocket science.  Being evasive, why even bother offering ?

[garrya]

2 minutes ago, KhunLA said:

A simply ballpark price, and average net profit would go a long way to someone interested.  Silly not to provide that wee bit of info.

 

Business generating xxx amount the past 3 year, xxx amount profit.

Price is xxx amount, expect ROI in about 10 yrs

 

Not rocket science.  Being evasive, why even bother offering ?

I was not offering it but asked, if there was a marketplace where business are offered and sold. 

Read the OP carefully before you post 

[KhunLA]

2 minutes ago, garrya said:

I was not offering it but asked, if there was a marketplace where business are offered and sold. 

Read the OP carefully before you post 

One would question your business sense if you even have to ask that question.

 

Have a nice day.

[garrya]

Anyways, it seems  rather surprising that a simple question is asked but the replies don't relate to that.

Let's make it clear. A family-run business needs to be sold, closed or goods sold out due to changes in circumstances. Would be hard to manage the business from 10,000 km away from Thailand.

Finding people to manage it is also difficult. Selling online requires nonstop attention. Sellers can't just close the shop as they will be penalised for late shipping and slow chat replies let alone the stock sitting in the storages. 

[garrya]

3 minutes ago, KhunLA said:

One would question your business sense if you even have to ask that question.

 

Have a nice day.

Why? 

Hasn't a single person ever sold a business? ????

Read the reasons why the question was asked. 

CP Thailand has bought hundreds of businesses from successful entrepreneurs. Those silly people shouldn't have sold ????

 

Anyways, it was a mistake to post this and no one seems to understand the question but everybody wants to scrutinize our bank books ????

 

It's ok, I'm happy with the business but I can't trust outsiders to run it. It just doesn't work. 

 

I hope this has cleared things up. 

[rankric]

23 minutes ago, garrya said:

Lol. I just did. 

Transferred ownership in 2 days. 

Please don't spread misinformation

Lol. 

Run forest run. Red flag 59

[rankric]

5 minutes ago, garrya said:

Why? 

Hasn't a single person ever sold a business? ????

Read the reasons why the question was asked. 

CP Thailand has bought hundreds of businesses from successful entrepreneurs. Those silly people shouldn't have sold ????

 

Anyways, it was a mistake to post this and no one seems to understand the question but everybody wants to scrutinize our bank books ????

 

It's ok, I'm happy with the business but I can't trust outsiders to run it. It just doesn't work. 

 

I hope this has cleared things up. 

It sounds oh so lovely Garee, a mill a month, details upon details upon details and a thriver too!

 

Simple questions mostly and amazon accounts are frequently sold nowadays for the dingbat that said neigh to that.

 

Average number of shipments/sales per month?