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Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses

Alex Champagne Helps You Get The Most Money When Selling Your FBA Business

March 27, 2020 Nate Ginsburg Episode 2
Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses
Alex Champagne Helps You Get The Most Money When Selling Your FBA Business
Info
Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses
Alex Champagne Helps You Get The Most Money When Selling Your FBA Business
Mar 27, 2020 Episode 2
Nate Ginsburg

Alex Champagne, Director of Sales of Empire Flippers, talks about FBA market trends, best optimization practices, and tips on selling your business for the most money. He also touches on the significant impact of the CoronaVirus pandemic in the eCommerce industry.

WHAT YOU’LL LEARN

  • Introduction on the Empire Flippers
  • What are Buyers looking for in an FBA
  • Steps Empire Flippers undertake in Selling an FBA
  • Tips for FBA sellers

KEY POINTS

  1. Empire Flippers is one of the most successful brokerages for FBA’s today. They have already sold 273 FBA’s over the years for more than $50 million. Last year alone, they sold 63 pure FBA companies at an average of 28 to 29x monthly multiples.
  2. There are different buyers in the market. Some are just looking to invest while others are looking for acquisitions that would more business at a market they already know. What is crucial for these buyers is clear and clean financial records as well as prospective of the seller for growth in the business. In order to attract buyers, it is important for FBA’s to have the numbers the buyers are looking for.
  3. It is also important for sellers to be completely transparent to buyers in order to secure their trust.
  4. Empire Flippers have their own dedicated teams to help walk the seller through the entire process. There is a seller team that would help in the valuation of the company and a migration team that would help transition the buying process. This whole process takes an average of 3 months for sale to take effect.
  5. Increasing profitability of the company and potential for growth are the two things that buyers are looking for from a seller.
  6. The coronavirus has put a lot of people in a holding pattern that is affecting the transactions now.

ABOUT

Alex was running an FBA business before joining Empire Flippers. He exited from his business in 2014 and was working on a lot of other projects. He joined Empire Flippers 4 years ago.


🎧🎧🎧

Thanks so much for joining us this week. Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.

--- Send in a voice message: https://anchor.fm/ecom-exits-podcast/message
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Show Notes

Alex Champagne, Director of Sales of Empire Flippers, talks about FBA market trends, best optimization practices, and tips on selling your business for the most money. He also touches on the significant impact of the CoronaVirus pandemic in the eCommerce industry.

WHAT YOU’LL LEARN

  • Introduction on the Empire Flippers
  • What are Buyers looking for in an FBA
  • Steps Empire Flippers undertake in Selling an FBA
  • Tips for FBA sellers

KEY POINTS

  1. Empire Flippers is one of the most successful brokerages for FBA’s today. They have already sold 273 FBA’s over the years for more than $50 million. Last year alone, they sold 63 pure FBA companies at an average of 28 to 29x monthly multiples.
  2. There are different buyers in the market. Some are just looking to invest while others are looking for acquisitions that would more business at a market they already know. What is crucial for these buyers is clear and clean financial records as well as prospective of the seller for growth in the business. In order to attract buyers, it is important for FBA’s to have the numbers the buyers are looking for.
  3. It is also important for sellers to be completely transparent to buyers in order to secure their trust.
  4. Empire Flippers have their own dedicated teams to help walk the seller through the entire process. There is a seller team that would help in the valuation of the company and a migration team that would help transition the buying process. This whole process takes an average of 3 months for sale to take effect.
  5. Increasing profitability of the company and potential for growth are the two things that buyers are looking for from a seller.
  6. The coronavirus has put a lot of people in a holding pattern that is affecting the transactions now.

ABOUT

Alex was running an FBA business before joining Empire Flippers. He exited from his business in 2014 and was working on a lot of other projects. He joined Empire Flippers 4 years ago.


🎧🎧🎧

Thanks so much for joining us this week. Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.

--- Send in a voice message: https://anchor.fm/ecom-exits-podcast/message