Building a B2B Marketplace -- Request Feedback!

searcher profile

July 28, 2024

by a searcher from Dartmouth College in New York, NY, USA

Hi All -

I am actively searching for a business to buy, focused on services businesses, such as HVAC, plumbing, and pest control. Through my search, I found some gaps in the buying process in some of the biggest marketplace sites out there (e.g. BizBuySell). A friend of mine, who has been trying to sell his business for a long time, saw gaps on the seller side. So we sought to build a new marketplace that would make the buying and selling process easier. At launch, we will be focused on a very small number of verticals, so that we can really get the customer experience right (both buyer and seller).

My question to all of you: what features would you want to see that could set apart a buyer/seller marketplace, and make it meaningfully better than the alternatives?

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commentor profile
Reply by a searcher
from Huron University College in Guelph, ON, Canada
If you're focused on specific verticals, I think it would be helpful if the marketplace could share comparables on that sector? I.e. are there similar deals (ideally on the platform) where some of the info can be shared? Or is this company ahead/behind on key metrics?

I've seen this on Crexi with real estate properties (market intelligence) and it's a helpful thing to check, knowing that you'll do your own DD regardless.
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Reply by a professional
from Bentley College in Miami, FL, USA
Distribution > Product
Nearly impossible to compete with BizBuySell no matter how good your product is.
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