- Advert ID: 595434
- (Seller ref: 884849)
Social Networking Business The Next Facebook For Sale
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Summary
- Asking price:
- $2,000,000
- Sales revenue:
- Available on request
- Net profit:
- Available on request
- Years established:
- 2006
- Employees:
- 5 full time -
Business description
College themed social network using Flex and Flash programming design. Has a local business model which captures local advertising dollars sold by students. Combines the best of Facebook, Craigs list and Yelp. Launching in Feb of 2008. Owner is selling large equity chunk to finance growth.
Property information
- Location:
- Office in California
Other information
- Competition / Market:
- Social networking sites are enormously valuable. Facebook sold a small portion of their stock to Microsoft for 240 million which valued the business at 15 billion. Myspace was purchased in 2005 for 580 million. Small number of competitors. The company is using Flex programming technology and is going after an underserved niche.
- Reasons for selling:
- Company is looking to secure 2 million dollars of Series A stock to finance growth for the next 2 years.
- Furniture / Fixtures value:
- $100,000
Contact the seller
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