Domain Manage

Furniture.co.uk Sold for $700,000

Discussion in 'Sold Domains' started by atlas, Jul 29, 2016.

  1. atlas Canada

    atlas Well-Known Member

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  2. Domain Forum

    Acorn Domains Elite Member

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  3. Edwin

    Edwin Well-Known Member Exclusive Member

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    Seems like a good result for both parties, especially given the business the buyer's already doing on the back of BedroomFurniture.co.uk.

    I imagine that they will save a small fortune on ads if they decide to go down the radio/TV route - it is as attention-grabbing as it's possible to get in the sector!
     
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  4. invincible

    invincible Well-Known Member

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    Who was the seller?

    I presume it may have been Dayline because ten years ago it resolved to a web site they operated according to archive.org.
     
  5. martin-s United Kingdom

    martin-s Well-Known Member

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    Couldn't agree more about building a good business on a top-end generic (obviously).

    But $700k. Jesus.
     
  6. websaway United Kingdom

    websaway Well-Known Member

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  7. invincible

    invincible Well-Known Member

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  8. Murray United Kingdom

    Murray Well-Known Member

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    If that is the real price, congratulations to the seller

    I wonder what the negotiations were like

    I don't know how you turn down a £50,000 offer, let alone what it went to
     
  9. invincible

    invincible Well-Known Member

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    Will never know but maybe it went "Hi is furniture.co.uk for sale, and if so how much?" and the previous registrant replied starting high. Subsequently a sale was agreed at $700k. I'd be surprised if there was a lot of negotiation
     
  10. Murray United Kingdom

    Murray Well-Known Member

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    Wouldn't you hire someone to negotiate for you for a deal like this

    Id be pretty disappointed if the best deal they could get me is $700k

    But then who knows the real price, good publicity to say it was a big figure
     
  11. invincible

    invincible Well-Known Member

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    You'd be disappointed as the buyer or seller? I assume as a buyer.

    It was sold through Sedo and I am not aware whether a broker was involved or not. Dayline, if it was them that sold it, which I presume it was, have been around for eternity so it seems unlikely that they would have to do very much other than decide the price they wanted to achieve and refuse to budge much. A broker can't get a registrant to drop the price if the registrant doesn't want to drop it.
     
  12. Murray United Kingdom

    Murray Well-Known Member

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    Indeed as the buyer

    If you owned the domain and received a legitimate $100,000 offer, would you have sold?

    That's a tough offer to turn down, I really don't know how you make it to $700k saying no along the way.

    Your offer is $500k? thanks but no thanks. :|
     
  13. invincible

    invincible Well-Known Member

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    $100k = £75k right now. No it's too low for me.

    As I mentioned Dayline have been around for eternity. They also have a decent portfolio and are clearly indifferent about as and when they sell.

    I don't imagine it went £50k? No. £100k? No. £150k? No. It gets boring for everyone so seems likely to me that the former registrant, assuming it is Dayline, gave a number at the start and the amount it sold for was whatever they worked to downward.
     
  14. Skinner

    Skinner Well-Known Member

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    I looked at this domain on May 4th, so about 2 months ago and it were dayline then, so I'd say its safe to assume it were them.
     
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  15. invincible

    invincible Well-Known Member

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    The apparent buyer is named Graham and has a username on some forum of BetTheLot. He's having some heated discussions in the comments column on TheDomains.com below the article about the sale.
     
  16. atlas Canada

    atlas Well-Known Member

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    Surprised and sad to see the attacks on .uk and also on someone who is willing to invest big on a domain.
     
  17. martin-s United Kingdom

    martin-s Well-Known Member

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    The Alexa thing is a bit suspicious tbh.

    Assuming an average sale price of £1000+, you'd expect much more traffic to make up £4-5m of sales.
     
  18. aZooZa

    aZooZa Well-Known Member Exclusive Member

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  19. bonusmedia United Kingdom

    bonusmedia Well-Known Member Exclusive Member

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    More than I'd expect but then I don't have a multi-million pound furniture business.

    Looks like a solid company - they paid £500k in corporation tax this year, that's a pretty decent contribution

    Alexa rankings are entirely unreliable.
     
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  20. invincible

    invincible Well-Known Member

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    Doesn't appear "BetTheLot" is a valid username here but I have found him under that username posting on another major domain name forum.

    He's apparently a long time domainer since 1999 and appears quite open to discussing his purchase.

    Different domain name but another apparent big purchase. I've also just seen a static Gold.co.uk advert (not video) on a mobile YouTube page just above the "Up next" section. Seems that registrant doesn't dare advertise using the shorter GOLD.UK at the moment.
     
  21. doma1n United Kingdom

    doma1n Active Member

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    Congrats to the seller and buyer. Great purchase for their business. :)
     

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