Empire FlippersReviews of empireflippers.com

I purchased a site from Empire Flippers in August of 2020. The actual experience of purchasing the site was great. Everything was very smooth. However, after the site transitioned, the earnings from the site were only about 1/4 of what they should have been. I really feel like I dramatically overpaid for the site, and will, unfortunately, lose quite a bit of money on the deal. I would not consider buying from Empire Flippers ever again.

Beware of Empire Flippers, a business brokerage! I wish Trustpilot offered a negative star or minimally a "0" rating because this company deserves no more. Empire Flippers use pressure tactics to sell you a business and use unconventional selling practices. What a terrible experience working with Empire Flippers and their agents. I should have known not to work with this company since I have had multiple negative experiences working with their sales people. I have 40 years of executive management experience, having trained/managed 2000+ sales and support people so I know a little about sales. I have also purchased 12 businesses in the past so I'm very a very experienced buyer and seller. My 2020 experience with Empire Flippers started with my first contact was not a good start, I set up multiple conference calls with him but he didn't bother to show up. I complained and got apologies from a supervisor and then was reassigned to a new rep. I worked with a new rep to get information about multiple businesses and then made an offer. I used their online system to negotiate the price, in which the seller and I ultimately came to an agreed price. Empire Flippers then has a practice of putting the offer out to other buyers for 24 hours to see if anyone wants to bid on it. After 24 hours, no one came forward so they told me my offer was accepted. This was on a Friday with their business closed on the weekend. As I've done many times before with other businesses I've purchased, I next inquired about getting an asset purchase agreement in place so that the details of the purchase would be layed out in detail and so the seller and I could have a formal agreement in place. I never heard back from my rep about my inquiry. Monday morning, I was surprised to get an email from Empire Flippers saying they had sold the business to someone else with no warning to me, and no opportunity to discuss. I immediately emailed my rep about my shock since he had told me my offer had been accepted. His response was that their online generic terms and conditions agreement was the agreement and that a sales agreement was not necessary. That was absolutely never explained to me. What buyer would just pay 6 figures for a business with no legal agreement like it was a small store transaction purchase? More important, even when you and the seller have agreed, they will still sell it to anyone who comes along if they want it and can send in the money before you do. Any large transaction would merit the professionalism of contacting the buyer first, let alone allowing them to have a formal agreement with the seller. Every other business purchase I have experienced, has an escrow, that pays the seller once the transition is complete with all assets being transferred. They also told me that they only include agreements as an exception. Again, something never explained to me previously. If you want to set yourself up for legal issues or liability for a business you want to buy or sell and ultimately an unprofessional, deceptive and disappointing process, I HIGHLY RECOMMEND you do not work with Empire Flippers. These guys are the USED CAR SALES PEOPLE OF SELLING BUSINESSES! VERY DISAPPOINTED AND WILL CONTINUE TO SPREAD THE WORD.