FAQ (Frequently Asked Questions)
A digital business is an online business that uses the internet to conduct transactions. It can be purely online or a brick-and-mortar business with an online presence that is relocatable, but its website must be the primary means of interacting with customers.
A digital business may sell products or services online, or it may provide information or other content.
There are many benefits to digital business. Perhaps the most obvious is that it allows businesses to operate more efficiently and with greater reach. For example, a business can use digital marketing techniques to target customers all over the world, rather than being limited to a specific geographical area. Additionally, digital business can help to automate processes and reduce the need for manual labor, which can save time and money.
Digital businesses must be able to quickly adapt to changes in the marketplace and customer demands.
A business broker is an individual or firm that assists in the buying and selling of small to medium businesses. The role of a business broker is to act as an intermediary between the buyer and seller and will typically: charge a commission based on a percentage of the sale price; perform a valuation of the business prior to listing it for sale; market the business for sale and screen potential buyers; assist in negotiating the sale price and terms of the sale; have a network of buyers and sellers that they work with; have experience in business sales and be familiar with the process; be a valuable resource for both buyers and sellers of businesses. Most are members of an accreditor organization such as the IBBA or a local professional development chapter.
They vary, but asking prices range from about $10,000 to $60 million.
It varies, but the median asking prices is approximately $350,000.
Web-based businesses that are purely online account for 95% of listings.
Classified Ad Postings
You will not be charged a fee for seller posts. If you would like to post more than 4 assets, please contact us at email@example.com for enterprise options.
Click on the title in the post. When the asset detail page appears, fill out the form to “send message to listing owner”.
In order to best serve our buyer community, we ask that all business for sale and digital asset posts conform to these guidelines:
-No franchises, brick and mortar or other non-relocatable businesses.
-No businesses or assets with pending litigation or in distress.
-No casino, gambling, adult, etc. See prohibited.
Only close a transaction with a buyer or seller who you feel is accurately representing themselves and their business and is seeking to make a good deal at a fair price.
Hatchit does not charge a fee for seller posts. To make sure your posting is current, you will be asked to renew your listing every six weeks. If you do not renew it, it will be taken down.
Posts are good for six weeks. You must renew your post when asked to keep it active on our platform. This ensures it stays current with the correct information.
Login to your account, go to your dashboard, and select the edit or delete button.
Login to your account, go to your dashboard, select the edit button and then renew.
Buying a Web-based Business
Hachit offers three plans for business buyers. The first is Basic and is free. The second is Pro and will be available at a monthly or annual fee. The third is Enterprise and is a discounted Pro plan for companies with 5 or more users.
At the very least, there needs to be a clear agreement on terms. A contract will stipulate the terms of sale and, typically, the seller will draw up the contract. Here's a business asset purchase and sale template. You will be re-directed to our contract provider, LawDepot.com. As a Hatchit user, you will receive a 10% discount on any eligible purchase.
It’s always advisable to consult with an attorney if there are issues which come up that fall outside of your expertise or comfort zone.
A NDA or Non-Disclosure Agreement is designed to protect confidential information related to the business. Not all sellers will require this be signed by a prospective buyer. However, it is standard practice to sign one, if the seller requires it. Access this NDA form. You will be re-directed to our contract provider, LawDepot.com. As a Hatchit user, you will receive a 10% discount on any eligible purchase.
It’s up to the buyer and seller to determine the terms of the sale. Buyers should seek to withhold payment for an asset until there is agreement on price and terms, and the asset has been verified. When using Escrow.com, the buyer pays for the asset at the time of sale but payment is withheld from the seller until the asset has been verified.
Avoiding Scams and Fraud
If an asset seems too good to be true, it probably is. Use good judgement and common sense. Look for warning signs such as a buyer/seller refusing to meet you on a video call, pressuring you to buy, completing a rushed transaction outside of Escrow, or an unclear understanding of the asset.
Phishing is when a company asks for personal information through an email. We will never do that. If you receive an email from Hatchit that seems suspicious, please forward it to us at firstname.lastname@example.org so we can look into it.
We don’t recommend using checks, a cash app or PayPal, because of potential problems. The most secure method is to complete a transaction through our escrow agent.
These include any item not wholly owned by the seller or created by the seller if original intellectual property. Prohibited items also include the following: adult materials, gambling, any item prohibited by law, or any license or product with any pending litigation against it.
See full prohibited list
Our complimentary broker match service is designed to find the right broker for your type of business. We work with over two dozen business brokers with different specialities. We use the information you submit to create the match. It is your decision whether to go forward. There is no obligation to sign a contract with a third-party business broker.
Please email us at email@example.com and we will aim to get back to you within 48 hours.
They are always welcome. Your thoughts and suggestions make us better. Email us at firstname.lastname@example.org.