How do I check an online business I cannot visit in person?
Ask for read-only access to the analytics, payment processor and platform dashboards instead of accepting screenshots. Have the seller walk you through them on a recorded screen-share, confirm who owns each account and the domain, speak to suppliers or contractors, and be cautious of a listing that cannot back its figures.
A shop can be walked through, counted and watched on a busy Saturday. An online business has no such place, and the seller may live far away. That puts more weight on evidence you can verify yourself. The aim is to see the same live systems the seller sees, not a copy prepared for you.
Ask for live, read-only access
Screenshots and exported reports are easy to edit. Ask instead for read-only access to the analytics, the payment processor and the platform the business runs on. Ask whether the seller can arrange this after a confidentiality agreement. Compare what you see with the financial statements, and ask your accountant to do the same.
A recorded walk-through
Where live access is limited, ask the seller to share their screen and open each dashboard while you watch, and record the session with their permission. Ask them to filter by dates you choose. A seller who cannot explain their own figures, or who avoids a date range, has told you something.
Who owns the accounts and the domain
Confirm whose name is on the domain, the platform account, the payment processor, the social media pages and any supplier accounts. If a contractor holds any of them, ask how ownership would move. Your lawyer should make sure each transfers in the agreement, not by promise. The online presence check covers reviews and reputation.
People and warning signs
Speak to suppliers, contractors and any staff, since they see the business from the inside. Be careful if the listing cannot support its numbers, if the seller rushes you, or if records are missing. For store-specific steps, see buying an existing ecommerce business.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideHow do I buy an existing ecommerce business in Canada?
- Expert answerWhat can I do if revenue numbers were inflated in a business purchase?
- Expert answerWhat are the biggest risks when buying a business?
- Expert answerCan I buy a business with no industry experience?
- Expert answerWhat can I do about undisclosed liabilities after buying a business?
- Expert answerHow do I take over a business after closing?
- ComparisonBuying a business vs starting one
- Expert answerShould I buy a prebuilt Shopify store?
- Expert answerHow can I tell whether a Shopify store for sale is actually trading?
- Expert answerWhat should I expect from a cheap online business for sale?
- Expert answerHow can I tell if an online store for sale is really profitable?
- Expert answerOnline store franchise or independent online store: what should a buyer weigh?
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentBuying a business? How to protect yourself from potential liabilities
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