When you find a Shopify store that you want to buy, the first step is to make an offer. You can do this by contacting the seller directly or by using a broker.
If you contact the seller directly, you will need to put your offer in writing. This written offer should include:
- The price you are willing to pay for the store.
- The terms of the sale, such as whether you will pay in cash or finance the purchase.
- A due diligence period, during which you will have the opportunity to examine the store’s financial records and other documentation.
- A contingency clause, which gives you an out if the due diligence period reveals problems with the store.
What is a Broker?
A broker is a professional who specializes in buying and selling businesses. Brokers can help you find a Shopify store that meets your specific criteria and can also negotiate on your behalf.
Why Use a Broker?
There are several reasons why you might want to use a broker to help you buy a Shopify store:
- Brokers have access to businesses that are not publicly listed for sale. This means that you may have access to better deals.
- Brokers know how to value businesses. This is important because you need to know how much a business is worth before you can make an offer. A broker can help you determine a fair price for the business.
- Brokers can negotiate on your behalf. This is important because sellers will often be more receptive to an offer from a broker than from an individual buyer. This is because sellers know that brokers are experienced in negotiating deals.
How Do I Make an Offer on Shopify?
When you find a Shopify store that you want to buy, the first step is to make an offer.
If you contact the seller directly, you will need to put your offer in writing. This written offer should include:
The price you are willing to pay for the store.
The terms of the sale, such as whether you will pay in cash or finance the purchase. A due diligence period, during which you will have the opportunity to examine the store’s financial records and other documentation. A contingency clause, which gives you an out if the due diligence period reveals problems with the store.
What is a Broker? A broker is a professional who specializes in buying and selling businesses. Why Use a Broker? There are several reasons why you might want to use a broker to help you buy a Shopify store:
Brokers have access to businesses that are not publicly listed for sale. This means that you may have access to better deals.
Brokers know how to value businesses. This is important because you need to know how much a business is worth before you can make an offer. Brokers can negotiate on your behalf. This is important because sellers will often be more receptive to an offer from a broker than from an individual buyer. This is because sellers know that brokers are experienced in negotiating deals
