Turner Butler has over 30 years experience in selling businesses. Turner Butler successfully sells businesses quickly, confidentially and for the right price.
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There are so many great benefits to buying an online business, with an ecommerce website offering the opportunity to work from anywhere in the country, the freedom of not being tied to a particular location and far lower overheads from not having to rent or buy a physical shop.
Here at Turner Butler, we can help you find the ideal online business for sale, with the opportunity to buy successful ecommerce websites. Lots of businesses are beginning to realise the benefits of being able to sell online, especially with the colossal rise of social media as a means to attract new customers to their brand.
There are different ways to sell online, from having your own products in your own shop, or using a dropshipping business to fulfil the orders on your behalf. Both options are a good way to build your small business to be profitable online.
Turner Butler list a wide range of online ecommerce websites for sale in a broad range of industries and specialisms. All offer the chance to sell online quickly and easily with an already established business.
If you're looking for a new ecommerce business to own, you're in luck! There are many businesses for sale online, and it can be tough to decide which one is right for you. That's where we come in.
The first step in finding an ecommerce business for sale is to decide what type of business you're interested in. Do you want to sell products that you make yourself, or do you want to sell products that are made by someone else?
If you're not quite sure what you're looking for, our ecommerce business consultants can help. We'll work with you to understand your goals and needs, and then we'll help you find the perfect business for sale. Contact us today to get started!
Benefits of Buying an Ecommerce Business
Avoiding Procrastination
If you decide to buy an online business instead of creating your own, you’re less likely to procrastinate. The difficult process of store setup is already done for you, you don’t need to stress about logos, colour schemes or feel discouraged by all the little tasks starting a new store requires.
Additionally, regardless of how much you’re willing to invest through Turner Butler, you’ve already proven to yourself that you’re committed to making the business a success. This financial payment will act as motivation to drive the online business forward.
Begin Selling from Day 1
By buying an online business through Turner Butler, you can skip the store step up phase and begin investing in marketing straight away. If your new store has products already on the website, you can instantly start selling these as well from when you get account access.
Here at Turner Butler, we understand how stressful and time consuming designing the site can be, so by purchasing an online business you can gain a head start over your competitors with your own marketing techniques.
Gaining a professional website
Although at Turner Butler there are websites built by entrepreneurs just like you, we also have hundreds of ecommerce sites built by experts who specialise in creating professional websites. This is perfect for someone who may lack the website design skills to produce a professional looking site.
How to Buy an Existing Ecommerce Business
Decide what stage of business to buy
Buying an ecommerce business can be a daunting decision as it is such a large investment. Before you enquire here at Turner Butler, here are some questions that will help you choose the size and stage of the business you should purchase.
What sort of lifestyle do you want?
The size of the ecommerce business and the stage it is that can change your lifestyle drastically. Start up businesses mean long hours with not a lot of pay as you work to grow the business.
If you’re looking to grow a business that’s already established to live comfortably off the profits, then choose and established small business with an already solid customer base.
Lastly, if you’re looking to diversify your investment portfolio, then choose a business that has already gone through incorporation.
What are your strengths and skills?
Identifying your strengths and skills will allow to select a business that it is a good fit for your unique skill set.
What are you interested in?
Choose a business in an industry that aligns well with your interests. Running a business can be a stressful experience, so working in an industry you enjoy will make this process a lot smoother.
Browse our Ecommerce Businesses
Now that you understand what sort of online business you want to purchase, it is time to browse Turner Butler to see what we have on offer. We list a wide range of online ecommerce websites in a broad range of industries and specialisms.
Regardless of if you’re looking for a small or large business, we will help you find an ecommerce website that is perfectly suited to your goals and lifestyle.
Understand why the business is being sold
Online businesses are bought and sold for all sorts of reasons. Here at Turner Butler, we sell a variety of successful ecommerce businesses and would always ensure that you receive a good deal when you purchase through our services. However, if you’re still concerned about the state of the business, then here are some questions you may want to ask the owners.
What debts and liabilities does your business have?
Have you had any supply issues?
What is the state of your equipment?
What sort of working capital did you start out with?
It is important to understand that the problems and successes of the business become yours once you own the business, so ask as many questions as you feel necessary.
Negotiating a price
Now that you know everything you need to know about the business, it is time to negotiate the price you’re willing to pay for the business. The purchase price that you see on Turner Butler is not a fixed price and it can be adjusted based on the valuation you discovered and with the terms of your payment.
During this process, you and the seller will often go back and forth in submitting offers and counteroffers to each other. You’ll also understand if you want to purchase the assets of the business or just make it a stock sale.
Submit a Letter of Intent (LOI)
A letter of intent is simply a letter that states you intend to do business with the recipient of the letter. These letters will usually include:
Review Important Legal Documents
After both parties have signed the LOI, you need to review all legal documents.
Here are examples of documents that you should look through:
Close the deal
Now that you have selected an ecommerce business through Turner Butler and have completed all your research, it is time to close the deal. This is where your final purchase agreement comes into play which is the legally binding contract that you and the seller must agree upon.
For extra security, it may be a good idea to spend a little money and have a lawyer overlook the agreement and even negotiate on your behalf.
Once an agreement has been finalized, your lender will put the necessary funds in escrow, and they will be released once the legal documents have been signed and submitted.
Then, congratulations! The ecommerce business is now yours.
Find an Ecommerce Business for Sale
How to find an Ecommerce Business
If you're looking for a new ecommerce business to buy, you're in luck! There are many online businesses for sale, and it can be tough to decide which one is right for you. That's where we come in.
First Steps
The first step in finding an ecommerce business for sale is to decide what type of business you're interested in. Do you want to sell products that you produce, or do you want to sell products that are manufactured by someone else?
Still Unsure?
If you're not quite sure what you're looking for, our professional business consultants can help. We'll work with you to understand your goals and needs, and then we'll help you find the perfect business for sale. Contact us today to get started!
Frequently Asked Questions.
Some of our commonly asked questions regarding the sale and purchase of small businesses throughout the UK.
The cost of an eCommerce business depends on the size and profitability of the business.
When purchasing an eCommerce business, you'll need to consider the cost of inventory, website development/maintenance, and other associated costs. You'll also want to make sure you have a clear understanding of the seller's financials, so you know what you're getting into.
If you're interested in purchasing an eCommerce business, be sure to get in touch with us here at Turner Butler to find out more.
The profitability of an ecommerce business will vary depending on factors such as the products being sold, the size and reach of the online store, and the level of competition in the market. However, in general, ecommerce businesses can be profitable if run correctly.
Websites which focus on offering high quality products which are unique or difficult to obtain elsewhere, well optimised for online search visibility and using effective marketing can become extremely profitable!
There is no one answer to this question since there are so many types of ecommerce businesses. However, in general, ecommerce businesses can be very profitable. According to Shopify, most online stores make a profit within their first year of operation. In addition, about half of Shopify merchants who have been in business for more than two years generate six-figure incomes. So, as you can see, there is potential for big profits in the ecommerce space!
1. Physical Goods: This is the most common type of eCommerce business and refers to businesses that sell physical products such as clothing, cosmetics, toys, electronics, etc.
2. Digital Goods: This type of eCommerce business sells digital products such as software, music, movies, etc.
3. Services: This type of eCommerce business sells services such as consulting, design work, event planning, etc.
4. Membership Sites: This type of eCommerce business charges a recurring fee in exchange for access to a membership-only area on their website or offline club.
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