Microacquire allows sellers to showcase their microbusinesses to a large pool of potential buyers. The platform provides essential data to help buyers assess a listing, including revenue and growth prospects.
Sellers also have the option to remain anonymous, preserving confidentiality throughout the process. Buyers can use search filters to select a business that fits their needs.
No Brokerage Fees
Microacquire’s premium membership model works out well for both buyers and sellers. It keeps the most interested and invested buyers in the game early, while sellers have their businesses pitched to people who aren’t just kicking tires. This also allows for early negotiations.
However, the process of transferring ownership, escrow, and migration are the seller’s responsibility. This can be a downside for relative newcomers who appreciate the support brokers provide.
The marketplace offers a variety of specialist advisors to help buyers through the process of buying a business. These include tax specialists, due diligence advisors, and legal and accounting professionals. This helps create demand and ensures that the buyer has a smooth acquisition process. It also reassures sellers that their assets are being handled in a professional manner. This is especially important in a market where buyers can easily be scammed. This can be avoided by choosing a credible buyer and doing a thorough background check.
The vetting process associated with microacquire benefits is simple and fast. Once a listing is created, prospective buyers can view essential statistics and information to decide whether or not the website appeals to them. They can also privately message the seller to begin negotiations and conversations.
This is one of the key differences between Microacquire and competitors like Flippa. Most of the time, a seller will be responsible for providing their own information to potential buyers to verify numbers and come up with a valuation. This is a big advantage for the seller, as they can negotiate with prospective buyers in private instead of being forced into the way brokers do things.
Despite this, the company does offer a white glove acquisition service for a 5% fee that can help with vetting and due diligence. This is a good option for sellers who are not comfortable with performing due diligence on their own, but should not be considered a replacement for professional M&A services.
Independence of the Seller
Unlike most marketplaces that only act as brokers MicroAcquire actually takes an active role in helping buyers locate startup firms that they might be interested in. They’re also active in creating demand for the companies that are listed on their marketplace.
Detailed listing information is only available to prospective buyers who are logged into the platform. This includes basic metrics like revenue, growth predictions, and the pitch deck. Buyers can ask questions or request more information through private inquiries to gauge interest in the business.
Sellers can then negotiate with the buyer for the best price. They’re also responsible for setting up escrow and transferring funds. After the transaction, the seller is responsible for providing post-sale support. This independence may be beneficial for sellers who want to avoid paying high brokerage fees. It may also be a drawback for buyers who prefer the level of support that comes with a broker.
Once a seller lists their startup they will start to get private inquiries for the business. The private inquiries allow the buyers to feel out the company and give a proposal. Then the sellers can go through a negotiation process with the buyer. This is a great way for the sellers to find a good home for their startups.
Buyers that are serious about buying a startup can also sign up for premium membership. This will give them first crack at the listings and will help them to quickly filter out the businesses they are interested in. The annual subscription is currently $390 and will help the buyers to have more control of the negotiations with the sellers.
The MicroAcquire marketplace is a great place for buyers to discover new startups and online businesses for sale. There are no brokerage fees, and it’s much easier for the seller to negotiate with the buyers. The acquisition process typically takes 30 days from signing a letter of intent to closing the deal.