MergerPlace

Online Trust and

Utah (Utah)


  • Asking Price: $125,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #221563
  • Established: 2017
  • Employees:

Business Description

This is an asset sale in which the purchaser will own the Source code and URL’s (2) and all of the IP. The business operates through one of the websites. The website is completely operational and has had about 70 customers historically. The websites have over 1,400 modifiable documents. There has been no marketing to date, so the visits and any serious revenue have not yet begun.


Business Details

Primary Business Category: Services - Other Services
Location: Utah
County: Utah

Company Information

Year Established: 2017
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $125,000
Seller Financing Available: No

Property Information

Facilities:

This is a home-based business and operates through two websites. In 2017 they launched a Beta test (with no marketing) and had over $14K in sales in just a couple of months.

Growth & expansion opportunities:

The websites are out of date and need to be updated. The company has had a long term relationship with a reputable outsourced software company. The cost of updating the website has been quoted to be in the range of $5k-$10k.

Competition:

This business offers their services at a price significantly lower than their competitors. Legal, Zoom, and similar websites offer similar products at higher prices. This company offers products at a much lower cost. Additionally, they focus on Estate Planning.

Reason for selling:

The owner bought out his partner three years ago and is looking to sell the business to pursue different business opportunities. The owner has put over $300,000 in cash and sweat equity into the business and wants to get a return on his investment.

Support & Training:

Will train for 2 weeks @ no cost This business helps prepare and submit estate documents. They have all the forms easily accessible through their website. Your eTrust purchase will include Wills, Trusts, Powers of Attorney, Medical Directives and Deeds — all in an affordable package or individually, complete with instructions. You pay nothing until your forms are complete, ready to print and you check out! No attorney required.

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Business Listed By:

Michael Hamilton

Murphy Business Brokers