Internet - Consumer Services (B2C) | Services - Amusement & Recreation

$Seller Financing Available

Asking Price	$325,000	Inventory
Gross Income	$325,000 est	Real Estate
Cash Flow	$135,000	Year Established	2009
FF&E	N/A	Employees	8

* included in the asking price

** not included in the asking price

An incredible opportunity for an established Penny Auction Site

Penny Auctions are sweeping the globe and HungryHammer.com is no exception. Since launch 120 days ago, there have been over 150,000 unique visitors to the site and over $100,000 in revenue generated. $45,000 profit has been taken from the site which you'll agree is impressive for the first 4 months! That's a profit of $155,000 per annum JUST on the current startup run rates! If you've never heard of a Penny Auction Website before, WHERE HAVE YOU BEEN?? Swoopo.com have turned over $50,000,000+ in the first 2 years!! Madbid.com have turned over similar amounts and Nick Lachey has just invested heavily in his own one winnit.com. This is a booming industry and yes you can go and buy a script and start it yourself but how are you going to get BUYERS on it?? HungryHammer.com has thousands of registered buyers ALL who we have full contact details for and who are spending good money on the site. We didn't buy a clone, we developed it from scratch using Ruby on Rails - one of the most advanced and EASY programming languages. There's a FULL easy to use admin system in place and the site current runs globally in GBP, USD and AUD - who else does that?? It automatically picks up the location of the user and displays the relevant price. Authorize.net, Allied Payments and Optimal Payments are currently built into the script (they're better than PayPal and cost less per transaction!) and it's dead easy to use. You can have a business generating you $1,000 plus a day maybe even $100,000 plus a day if you put the time and effort into it. The benefit of this sale is that there are already 2,000 directory listings in place, thousands of twitter and facebook followers, it's an established CLASSY brand and we'll even tell you what keywords etc to target! Maybe you're a private equity firm, maybe you're one of our competitors or maybe you're a VERY savvy investor who wants to run a VERY lucrative business without needing a retail premises or shop frontage

Attachments: Download additional information (PDF)

Facilities: No physical facilities for sale with it. Can be run from any location including existing offices as all web based.

Competition: Most Penny Auction sites are "clones" using dodgy encrypted and restricted scripts. This site has been built from scratch in Ruby on Rails (incredibly advanced technology) and offers LIVE connections and immediate responses for bidders. Complaints are almost nil and this is NOT a startup, this is established with 2,000 directory listings in place, multiple press releases and links, many thousands of users already registered and buying. You can literally get going with an established site in hours. Cons are the more you put into it, the more you'll make

Growth/Expansion: The growth is limitless. One of the competitors is swoopo.com who we believe have turned over around $50,000,000 since launch. Madbid.com is another turning over similar amounts. Nick Lachey has just launched winnit.com inveting lots into it and private equity firms are HEAVILY investing in this industry at present. $5,000,000 investment into another site last week. If you keep going with everything we've done and keep pushing it (don't get complacent) then you can rival easily the big boys. Cons are that you just need to put the effort into continuing i

Seller Financing Available: Yes

Financing: UP to 50% financing for 3 years at 8% per annum

Support/Training: 14 days handover training

Reason Selling: Have 10 projects on the go, want to sell this to concentrate on others