BizBuySell is a huge online marketplace for businesses and franchises for sale. The site is designed to meet the needs of individuals looking for new business ventures and business owners looking to sell their businesses or franchises. There are more than 825,000 visits a day, making BizBuySell a great place to visit!
Features of the website include:
Search filters to explore BizBuySell are:
There are currently over 45,000 active businesses for sale! There is variety to the types of businesses for sale and franchises available. Available businesses include:
Business brokers can subscribe to the site. Advantages of doing so include listing multiple businesses for sale, contacting buyers, and promoting their own business through a webpage provided to users by BizBuySell.
BizBuySell, Inc began in 1996 and is currently owned by LoopNet, Inc. LoopNet acquired the company in 2004 as part of its portfolio of operating the largest commercial real estate listing service online. LoopNet currently has over 5 million members and over $435 billion of property listed for sale! BizBuySell is in great hands!
Today, BizBuySell is the biggest business-for-sale marketplace on the Internet. Thousands of business brokers subscribe to the site.
The company is based in San Francisco, California, USA. The General Manager is Curtis Kroeker. The founder is Dennis DeAndre, who serves as Chief Executive Officer of BizBuySell, as well as being CEO of Lopstream Networks and Loop Ventures Inc.
Feedback across the web for the company is mixed, with both positive and negative reviews.
One customer writes that he did he did not like the email response from the company to the ad placed through the site:
- "...I paid $200 to run the ad, and I wanted to test it to make sure it worked. I clicked on my ad, and put my own email address as the interested party, and I received an automated response saying that the buyer would be contacting me shortly (one sentence). However, the email continued with an additional 5 solicitations which said "check out these other opportunities!!" and "interested in buying a franchise?? Check out these franchises for sale!!"...I did NOT pay my hard-earned money to have BizBuySell.com place OTHER ads in my response emails. Does this make sense to anyone?"
At ProgramCritique.com, the review has more positive points, including:
- "...The good point about BizBuySell is that it do not makes false claims of fee refunding when it does not entertains it. You can trust on its services that make buying and selling easier."
At Small Business Trends, writer Anita Campbell devotes an entire article to benefits of the free valuation report available at BizBuySell:
- "...Bottom line: the online valuation report is a valuable tool and a welcome service from BizBuySell..."
There is a 5 star review for the company at Alexa (no customer name provided):
- "Our ad was a success. Completed a deal on the first go-round. This is a very good service they have there."
The BBB profile for LoopNet, Inc (dba BizBuySell.com) has an A+ rating. This is the best possible grade for companies from the Better Business Bureau! The company had three complaints closed with the BBB in the last three years, and one complaint closed in the last 12 months.
BizBuySell has been covered by major media outlets, including Fox Business, The New York Times, and The Wall Street Journal. The company got a mention and link from The New York Times in January 2012. The media mentions add to the credibility of the company.
Key partners for the company are also well-known entities:
This writer could not find any awards posted on the website for the company, though it is tagged as "The Internet's largest business for sale marketplace".
The company's website receives large monthly traffic, according to Alexa and Compete. The numbers, however, are lower than the previous month.
At Alexa, bizbuysell.com has a Global Traffic Rank over three months of 15,836. The US Traffic Rank is 3,285. The estimated percentage of global internet users who visit the company site is up 0.4% over one month but down over the three months by 8%. Of the five consumer reviews, the average ranking comes to 4 out of five stars.
Compete shows that bizbuysell.com had 289,906 unique US-based visitors in June 2012! While that number is large, it is lower than the previous month by 9.08% and lower than last year by 5.84%. The site's rank (By UVS) is 6,810. The rank is down from the month before by 383. For Competitive Rank (UVS), the site is top in its category, far ahead of bizquest.com at 115.91K unique visitors in June 2012.
Google's PageRank Checker shows that the website has a rank of six out of ten.
For social media presence, the company has several profiles but the Facebook one is the one that has the most activity from the business and from followers.
The BizBuySell Blog has a professional image but is not updated on a consistent basis. There was only one blog post in June and no posts in July 2012. There are few comments from any followers; the number of followers is not disclosed to the public.
On Facebook, BizBuySell has more interaction with consumers than on the blog and the company page has over 1,700 Likes. There are regular posts by the company.
The Twitter profile for @BizBuySell currently has only 383 followers. The company has only sent slightly over 400 Tweets and does not have a daily presence on the social media network. There are, however, Tweets with followers, a point which shows company interaction is positive.
BizBuySell also has a Google+ page, which posts a few times a month. There are currently only 27 people who have the company in their circles.
According to Google's Safe Browsing Diagnostic Page for bizbuysell.com, the site is not currently listed as suspicious. Over the past 90 days, the site has not hosted malicious software or acted as an intermediary for infecting any other sites.
Prices range according to whether ads are being listed or businesses are being bought. There is a variety of products and services for businesses and franchises. The site does include a great reference article for individuals and business owners to use, called Financing The Deal.
There are three types of ads to purchase:
The term is for two months. Customers do not pay the company a commission when they sell their businesses themselves using a company ad.
The prices at BizBuySell for the three types of ads match exactly to competitor BizQuest's three ads. BizQuest, however, has lower traffic per month, as shown in the previous section on the Compete profile.
BrokerWorks subscribers pay a monthly membership fee of $49.95 USD per person. The account setup fee is $24.95 USD.
The shipping section does not apply to this review of BizBuySell. The services and goods are electronic in nature, as they concern an online marketplace for buying and selling business products. Ads that are purchased are electronic, as are the consumer forums and exchanges between business owners and individuals.
The company accepts only credit cards as payment through its website. Checks are not accepted. Credit cards that can be used are:
- American Express
- Discover card
BizBuySell would rate better in the section for payment methods if there are more options for consumers. Many online competitors accept PayPal and Debit Cards. As well, there are new ways to pay online that include EbillMe and BillMeLater.
The company offers a 30 Day Risk-Free Guarantee for the BrokerWorks membership. Customers can cancel the service within 30 days of joining BrokerWorks if they are in any way dissatisfied with the service. The set-up fee and first-month fee will then be put back onto the credit card used in the Membership Application. The Guarantee only applies to first-time members who are professional business brokers.
Best Available BizBuySell Coupon: