Migrations overview

Migrations overview

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Migrations Overview - Inspection


Deal completed.

Either you recently sold your business or you recently purchased one. You've now arrived at the most crucial stage of the entire transaction: transferring control of the company to the new owner or taking over yourself.

Three to eight weeks are possible for this process, with an Amazon FBA business typically requiring more time.

No other broker has a section entirely devoted to this job. However, we are aware of how crucial it is for you to have support during this process. We have expertise from the sector on staff to ensure the success of your move because of this.

Let’s breakdown the process and see what you can expect once you enter this last leg of your transaction.

What is a Migration?

The business is moved after the purchase.

After receiving the payments for the company, we remove its listing from our marketplace and give our migration counselors the go-ahead to begin their job. Transferring ownership of the item to the new owner is all that migration entails.

Depending on the business model and level of complexity, many methods are used to accomplish this. The migration process may probably take longer if you are buying or selling an Amazon FBA firm. Despite everything else functioning perfectly, Amazon's communication is frequently sloppy and delayed, which can significantly extend migrations in some cases.

Remember that throughout the transition time, the buyer receives 100% of the money the business makes. Plan ahead if you can.

How is It Done?

The initial step in starting the transfer is for the seller and buyer to provide our migration team with the necessary information.

You might be asking at this point how you will be paid next week for the commissions earned during the previous month if you are giving your account logins away. Oftentimes, especially with affiliate sites where the account pays out on a net-30 basis, this issue arises.

You don't need to be concerned about any revenue being lost during this portion of the transaction because we help to reconcile the revenue here for both parties.

We start the process of switching the asset over as soon as the login information is obtained. Each situation involves a somewhat different monetization procedure, or occasionally a substantial difference. Our team has handled every problem you can think of, and we have standardised the procedure. That assures you that you are in capable hands when it comes to transferring the asset or troubleshooting even the more obscure problems that may arise.

Of course, throughout the entire process, our migration experts will be in contact with you to let you know how things are going and whether they require your assistance in any way in order to go on to the next step.

The Inspection Period

Both vendors and buyers are protected at Primeshops.co. On every sale, we want everyone to profit. That means the new owner will have 14 days after the business has been transferred to them to confirm that the revenue exceeds 50% of what was stated in the advertisement.

What happens then if it actually falls below the 50 percent mark? The buyer can either reverse the transaction because it is below the 50% threshold or renegotiate the ultimate sales price of the business, which our migration experts and business analysts can assist with.

If this occurs, our migration consultants will go over their whole checklists once more to ensure everything was done correctly.

It is important to remember that everything must be set up exactly as how the business being sold was set up.

That means if the buyer wants to change to a different hosting service than what the seller had, they must wait until after the 14-day verification period.

To replicate the original set up of the business being sold, we will choose the same services the seller was using. If the buyer wants to change those services, they’re free to do so after the 14-day period.

It’s worth noting that the buyer can end the 14-day period at any time. Many buyers are happy to end the period sooner if they’re experienced and the numbers they’re seeing look good; signing off early means that they can start doing other tasks associated with their acquisition that they’re not allowed to do during the 14-day period, such as conversion rate optimization or new SEO initiatives.

Once the Inspection Period is completed successfully, we release the seller’s money minus our commission. This is the money the buyer wired to Empire Flippers either through bank wire or through cryptocurrency.

After the seller is paid out, the deal is done and the migration is complete.

What About Earn Outs?

We will continue to manage the earn out on behalf of the seller in cases when the buyer makes a sizable initial payment and then makes the remaining payments over time. The buyer will send us their earn out payments, and after deducting our commission fee, we will send the money to the seller.

This way, we put ourselves in the seller's shoes to ensure that they receive the entire sales price that the buyer offered.

When an earn out is involved, we frequently keep hold of specific assets like the domain until the earn out is fully paid, providing us some leverage to ensure the buyer pays the

If the buyer ultimately fails to make the promised earn out payments, our team may try to assist in returning the company to the seller or use our negotiating position to persuade the buyer to pay the remaining sum.

Although it is possible, we have sold hundreds of businesses and have only occasionally witnessed a failed earn out. Read this blog post to find out more about earn outs and deal structuring in general.

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