Business Sales Platform
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DealBuilder is an online marketplace platform that helps buy and sell small businesses, focusing on the $10 trillion "baby boomer tsunami" of businesses that need to sell by 2030. The platform guides users through the entire transaction process and monetizes through transaction fees.
Key Points:
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Core Platform Features:
- End-to-end guided process for buying/selling businesses
- Deals close faster than traditional methods
- 3% platform fee on transactions
- White label solution for brokers
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Current Traction:
- $4.5M in completed GMV
- $8.5M under offer
- $65M currently listed on platform
- Year-to-date revenue of $80k
- Projected to hit $1B in GMV listed by end of 2023
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Business Model:
- Revenue through transaction fees
- Brokers can white label the platform
- Brokers only pay when deals close
- Handles back office operations for brokers
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Growth Strategy:
- Acquiring sellers through referrals from accountants and brokers
- Building awareness among business owners who don't know these solutions exist
- Leveraging centers of influence in the space
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Funding:
- Lead investor: Andrew Wilkinson from Tiny
- Secured C$450k in funding
- Seeking additional $250k
51:50 - 59:03
Full video: 01:19:11MT
Morgan Tate
Morgan Tate is a co-founder of DealBuilder, He is on a mission to revolutionize the way businesses are bought and sold. DealBuilder is a world-class M&A platform that connects buyers, sellers, and brokers, and streamlines the entire transaction process. DealBuilder makes business brokers more efficient and profitable while providing a world-class experience for their clients.