I built this super simple website to paint a general picture of my business idea. Id like to create a platform that tracks the payments of seller financed products. Like if I buy a business and the owner finances it to me, Id like a single place to track all the payments instead of manually updating a spreadsheet.
Check it out, let me know your thoughts
Target market appears to be mom and pop looking to retire and consumers.
I have some questions about market potential.
For example, the cash from selling a business usually represents a significant portion of a mom and pop’s retirement nest egg.
Most do not want the business to become a ball and chain around their neck by holding paper. They want the money.
How many ex-friends are there who owe their ex-friends money? What is probability of collecting on judgment from small claims?
How hard is it to evict someone who might then become a squatter?
Moreover, how do you plan to make money? Will consumers be willing to pay transaction fees great enough for you to turn a profit (i.e. 5 percent or so)?
Anyone selling a business shouldnt be looking for a lump sum payout unless selling to another business, unless you have a specific niche that has a lot of cash heavy investors like storage unit rentals. Reasonable expectation is getting paid out within 5 years of the sale.