Selling a group of three established (7-years old) business websites, all in the cannabis industry, all branded under the “Biz420” umbrella as the “Biz420 Network”. They include websites, domains, and social media accounts with Facebook and Twitter.
– Biz420 Directory ( https://Biz420Directory.com ): Business Directory with over 1,000 businesses already listed.
– Biz420 Domains ( https://Biz420Domains.com ): Domains marketplace for users to buy / sell / trade their cannabis-related domains.
– Biz420 Network ( https://Biz420.com ): The “umbrella” or “corporate” site overseeing all.
1. Executive Summary
The Biz420 Network offers three primary business websites: A full-featured business directory, a domains marketplace (classifieds), and a governing “umbrella” site for the network (blog with older articles). The network was established over 7 years ago and has been worked on-and-off since.
This is an amazing opportunity to buy a turn-key network of sites in the fastest growing industry in the United States. Opportunity for growth is unlimited and getting in early on the ground floor means the only way through is up.
The directory currently has over 1,000 non-solicited business listings and the domains website has brought in a couple thousand dollars in actual income. There is a ton of potential here.
Cannabis / marijuana and hemp markets are a multi-billion dollar industry and it has only just begun.
- High Levels of Automation
- High Profit Margins
- Passive Income
- Turn-Key Operations
- Overall Market Size
OPPORTUNITIES FOR NEW OWNER:
- Capitalize on the Emerging Market
- Improve Current Marketing Efforts
KEY DAY-TO-DAY OPERATIONS:
- Customer Support / Service
- Market the Businesses
- Website Maintenance
The websites include multiple revenue options and is currently configured for the following:
- ALL THREE SITES: All sites are configured for banner display advertising, so you can charge clients any amount for ad space.
- BIZ420 DOMAINS: Users have the option to add optional “promotions” to their ads which range from $1 to around $15 each. These are things like “FEATURE”, “BOLD”, “BACKGROUND”, “FIRST”, etc.
- BIZ420 DIRECTORY: Users have the option to FEATURE their business listings from $40 to $200.
All three sites included are created upon the Joomla CMS Core, which is an extremely robust and powerful platform. It is 100% current.
These websites must be on a Linux cPanel Hosting plan. Therefore, it is your responsibility to maintain a current plan with a company like GoDaddy. Hosting plans typically run around $10 per month on up (each).
As with all higher end websites, this website requires standard maintenance (updates and backups) to keep all software current and secure. The site is currently updated and backed up once per month, or whenever important security updates are released. This process typically takes around 1-2 hours each time it is needed.
There may be optional licensing costs to access new updates for certain software components. This could be upwards of around $200+ per year if you want to keep these updated for all sites.
Customers on the websites are:
- Businesses looking to list themselves in the directory.
- Users looking to browse the directory to find particular businesses.
- Domain buyers, sellers, and investors.
- Business owners looking to sell their domains with or without websites attached.
- Users looking to read articles relating to the cannabis industry.
Although there is a massive potential for multiple types of revenue, we have only significantly monetized the Biz420 Domains website (the others have been kept free to gain interest and build traffic) for total income of less than $2,000 thus far. Some limited documentation can be provided for this.
No financial documents will be provided or implied for the other two websites.
7. Seller Notes
Upon successful sale of the business, I will transfer all three websites and domains to the buyer as part of the sale. This involves two primary projects:
The domains will be transferred first. The buyer must pay any transfer fees needed for the transfer. This process can take 7-10 days to complete.
The websites and databases will be transferred after the domain transfers have completed. Before transferring can take place, the buyer must have a cPanel Hosting Plan to transfer to. I can assist the new owner in setting up a proper hosting account and selecting the correct plan.