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Buying $80,000 budget, looking for a high end internet business

Discussion in 'Sites' started by mastamindz, Jan 14, 2010.

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  1. #1
    I have access to an $80,000 business grant and funding, and I am looking at purchasing a profitable internet business that has had long term success. I am looking for something that does around 10k+ profit/month.

    It may take up to 3 months to receive the funding, so I am looking for someone who is willing to work with me around my timeline.

    I am very serious about this and will provide my phone number to speak further if I am interested.

    Please don't contact me if you cannot provide documentation of earnings etc. Also, if your site is not making money, I don't want it.

    Looking forward to hearing from some of the professionals on here!

    Ryan
     
    mastamindz, Jan 14, 2010 IP
  2. petyard

    petyard Well-Known Member

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    #2
    80k for 10k/month? good luck with that..a 10k/month business is worth at least 200k if not 300k
     
    petyard, Jan 15, 2010 IP
  3. contemptx

    contemptx Peon

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    #3
    very true, I think for $80,000 you would possibly get a site earning about $3,000 - $4,000
    I know that some sites I have earning in the region of $8,000+ would not be sold for below $200,000.

    Also some advice:

    Look for multiple sites, I have seen a few sites recently sell for about $15,000 - $20,000 each earning $1,000 - $1,500 a month.
    this way you would earn more monthly revenue, plus in the event a website started to decrease in revenue, hopefully the others would stay stable or increase in revenue.

    Phrase: dont put all your eggs in 1 basket ;)

    P.S
    sift through the bull, there are so many sites claming to earn this and that or they have the potential to earn this and that.
    only go for sites with a stable or increasing track record.
     
    contemptx, Jan 15, 2010 IP
  4. mastamindz

    mastamindz Peon

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    #4
    Thank you for your advice. I understand that it would be hard to find a site making 10k a month for my budget. But its worth a try!
     
    mastamindz, Jan 15, 2010 IP
  5. xoneo

    xoneo Greenhorn

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    #5
    Yes I agree for sure. There are many sites for sale that either aren't what they claim, or have a very short history of earnings. Be careful, and check all details.
     
    xoneo, Jan 15, 2010 IP
  6. guru16

    guru16 Well-Known Member

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    #6
    lol yeah in fairyland fact is most internet businesses sell between 10-12months rev if not less rarely do they sell for 24months:p
     
    guru16, Jan 15, 2010 IP
  7. Mr Baker

    Mr Baker Peon

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    #7
    @contemptx - You are correct, he can find a risky business for his 10x but not anything of great quality.
    @guru16 - Nothing sells for 24 months in this economy, 15x seems to be around the max.

    Best of luck finding a site mastamindz if you have no luck here PM me I got a few spots you can look.
     
    Mr Baker, Jan 17, 2010 IP