A domain name drop catching service founded in 2014 is for sale and the asking price is $1,500,000.
The service is described as “well-known and highly profitable business in the domain speculation and backordering niche.” with a “proprietary software which secures dropped domains with an impressive success rate.”
The company claims a yearly revenue of $818,600 (probably in 2015) and a yearly net profit of $500,000. Established in 2014, the business grew from 5-figures in sales to a forecasted $1M in sales in 2016.
The company also claims to have a portfolio of domains est. at $2.3M by Estibot.com.
The company is for sale on FE International that asked me to sign an NDA to provide more details. I won’t be signing anything.
Update: After a few comments I read and from the links posted the most probable company is now park.io that was founded in 2014. The numbers seem to match also.
At first I thought it was Pheenix:
(After eliminating the major players in the domain name backordering scene, both due to revenue and the year they were founded, the only active and newly founded backordering service left was Pheenix. Pheenix was actually founded in 2013 by FreshDrop founder Tan Tran but maybe the company was not formed until 2014. (If you think of a different service that matches the company please let me know.) In May 2016, Pheenix announced it started accepting domains for auction but this move was accepted with great skepticism by many people.)
Here is the description of the company on FE International:
- 125% CAGR since founded in 2014
- Multiple diverse revenue streams
- Portfolio of domains est. at $2.3M by Estibot.com
- Strong net margin of 61%
- Ability to reinvest profits into multiple opportunities for growth
For sale is a well-known and highly profitable business in the domain speculation and backordering niche.
Established in 2014, the business grew from 5-figures in sales to a forecasted $1M in sales in 2016. This growth has been achieved in an established market, inferring that the business has been taking market share aggressively thanks to its proprietary software which secures dropped domains with an impressive success rate.
With growing revenues, a diversified income profile and a scalable model, this business is poised for future growth. A new owner with the ability to scale 7-figure businesses would likely attract interest in years to come from a firm looking to enter/expand in the domaining niche.
(Thanks for the tip Edward!)