Justin Cooke, partner at digital asset marketplace Empire Flippers, shares recent deal metrics with host Nathan Latka.
0:00 / 0:11exact quote · 11.7s
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“I can tell you the biggest sale we've had. We just sold a deal last month for 550,000 dollars was a content play, mostly Amazon affiliate marketing, makes the most of the money through the Amazon associates program.”
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More from Justin Cooke
Insight
Empire Flippers charges listing fees to filter out unserious sellers, not for revenue
“To be honest with you though, Nathan, we make very little money on that. That's more of a filter to keep the kind of like, you know, the people are looking just to get a valuation or they're not terribly serious about listing. They're just kind of, you know, t…”
Online businesses typically sell for 24x to 36x their monthly net profit
“It all comes down to the multiple It's a multiple of net monthly profit. And sometimes it's annual, sometimes monthly, depending on which broker you talk to with us, it's monthly. And you're generally going to get somewhere between 24 X and 36 X for your busin…”
Cooke predicts website portfolio investment funds will become a massive asset class
“I think there's a huge, there's going to be a huge industry there. I just think it's really, really early. So we're starting to see other people do that. So it's not just us. And I think that's going to be really big.”
Empire Flippers facilitated over $1M in transaction volume in April 2016 alone
“We did a 1.9 million in Q one. And in April we did just over a million dollars. So our growth has been pretty rapid, especially the last 12 to 18 months or so.”
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