Sell a Website, Sell an App, Sell a Software Business on the UK’s Leading Online Marketplace

CrowdMnA is a marketplace for entrepreneurs to offer for sale their online, IT and technology ventures to interested buyers.

No. It doesn’t even have to have users. This is a marketplace for you to list for sale a venture at any stage of its IT or business development from prototype, to beta release, pre-clients, pre-revenue through to profitable trading businesses. Most M&A boutiques will only sell established trading businesses. At CrowdMnA we are adding liquidity for sellers and buyers throughout the whole period of IT and venture development.

The venture will either be listed as an auction in which case you can make a bid or as a private sale in which case you can make an offer.

You should always perform all your due diligence before you bid or make an offer. The seller will provide information in their listing. Should you require further information to evaluate the venture you should make your enquiries before you bid or make an offer.

You the buyer has the sole responsibility for making sure that all the information stated by the seller is true and to your satisfaction. You are free to ask questions of the seller and ask for verification of any information.

Sure. Just contact the seller and arrange a time to talk.

Yes. If your bid in an auction is above the reserve price and you are the highest bidder at the end of the auction period or if you make an offer in a private sale which is accepted by the seller, you are legally committed to purchase the venture at that price.

No.

1) At the end of a successful auction or private sale, the buyer and seller will be deemed to enter automatically into a sale and purchase agreement of which the terms are the purchase price the buyer and seller have agreed and the assets sold are those listed in the venture’s description on CrowdMnA, modified only by any agreed written email correspondence between the buyer and the seller. The combination of these items forms a contract even though there is no specific single separate legal document.

2) For greater clarity on the details of the transaction and the added protection of the buyer and seller, CrowdMnA has provided the buyer and seller with an online Pro Forma Sale and Purchase Agreement, which can be used for all venture sales involving just assets and not shares of a company. This agreement has been provided to save the parties additional costs. It will automatically be referred to as the terms and conditions of the transaction after the buyer and seller are connected to the escrow agent to complete the transaction (see below).

3) The buyer and seller might elect to agree to use their own sale and purchase agreement and not the provided Pro Forma Sale and Purchase Agreement, should that be agreed between both parties or stated in the venture’s listing on CrowdMnA.

On the successful completion of an auction or private sale the buyer and the seller will be connected via the escrow agent to confirm the outline terms of the transaction. The escrow agent is holding the purchase price that you transfer to them in its safe keeping pending confirmation from you to release it the buyer only after you are satisfied that you have received all the necessary assets agreed.

You can sell your venture by listing it on CrowdMnA as either an auction or a private sale. Bids are received in an online auction and the highest bid price is displayed publicly on CrowdMnA. Any offer received for a private sale is sent to you privately and if you accept an offer you are bound to sell to that buyer.

An auction has a fixed time period after which the highest bidder if greater than the reserve price will be the successful buyer. The highest bid is displayed publicly on CrowdMnA. In a private sale a buyer makes an offer privately to the seller and if accepted it will be the successful buyer.

You are legally bound to sell the venture to the highest bidder at the end of the auction, assuming it is above any reserve price. You are legally bound to sell your venture to any buyer whose offer you accept in a private sale.

You only transfer the assets once the escrow agent has confirmed to you that they have received the purchase price from the buyer. Both you the seller and the buyer have this protection.

At the end of an auction if there is a winning bidder or in a private sale when an offer has been accepted, the seller and buyer will each receive an email from the escrow agent (called Transpact) summarising the transaction details.

Step 1: The buyer and seller each register on the escrow agent’s website www.transpact.com using the link provided in the email received from the escrow agent. The completion of the transaction will now be managed on the escrow agent’s website.
Step 2: If both parties are satisfied with the summarised terms and conditions of the Transpact escrow agreement, which are pre-filled, both parties can click on the ‘Agree and Accept’ button. Alternatively, if the parties wish to make any changes to the escrow agreement or elect to not use the Pro Forma Sale and Purchase Agreement they should contact CrowdMnA.
Step 3: Once agreed by both parties, the buyer transfers the purchase price to the escrow agent for safe holding.
Step 4: Once the escrow agent confirms with the seller it has received the purchase price from the buyer for its safe keeping, the seller can transfer the assets directly to the buyer.
Step 5: When the buyer is satisfied that all assets of the venture have been transferred the buyer can authorise the escrow agent to release the purchase price to the seller and the transaction is complete.

Yes. Our fees are display on our pricing page.