UpFlip
A marketplace and brokerage for buying and selling small businesses.
- 1Broker finds buyerCharlie found a gaming-apps buyer moving into subscriptions
- 2Call a past sellerCharlie set up a call with a founder
- 3Lawyer drafts contractRoughly 100 pages, Europe and US lawyer
- 4Escrow in SingaporeFunds held safely during the deal
- 5Deal closesSeven figures after four to five months
From Alex's sale via UpFlip
What was said about UpFlip
Alex protected a sale to a secretive buyer with escrow, a lawyer and references. Selling to a secretive private equity style buyer, Alex hired a lawyer qualified in Europe and the US and used a roughly 100-page contract and an escrow in Singapore. He also spoke to another founder who had sold to the same buyer. The deal closed at seven figures after four to five months of negotiation.
Charlie, a broker at UpFlip, found the buyer, which came from gaming apps and was moving into subscriptions. Charlie also arranged the call with the founder who had sold to them. Of the four to five months, 1.5 to 3 were mostly legal work. Negotiating without a rush gave Alex strength. In his words: "we use the escrow in Singapore."
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A broker there, Charlie, found the buyer, which came from gaming apps and was moving into subscriptions. The broker also arranged a call with another founder who had sold to the same buyer.
Alex protected a sale to a secretive buyer with escrow, a lawyer and references. Selling to a secretive private equity style buyer, Alex hired a lawyer qualified in Europe and the US and used a roughly 100-page contract and an escrow in Singapore. He also spoke to another founder who had sold to the same buyer. The deal closed at seven figures after four to five months of negotiation.
Charlie, a broker at UpFlip, found the buyer, which came from gaming apps and was moving into subscriptions. Charlie also arranged the call with the founder who had sold to them. Of the four to five months, 1.5 to 3 were mostly legal work. Negotiating without a rush gave Alex strength. In his words: "we use the escrow in Singapore."
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