Jun 16, 2020 — Incredibly, no one identified the power of geographic (“geo”) city domains in the early stages of the Internet. Serious value lies in domain names of progressive, growing cities such as Tempe. Examples of successful entrepreneur-owned sites include Scottsdale(dot)com; NewYork(dot)com; PalmSprings(dot)com; Nashville(dot)com; and MyrtleBeach(dot)com, which sold for $6,500,000; whereas, even greater successes can be seen with major media-owned sites such as Miami(dot)com; Boston(dot)com, which generated $44,000,000 in a year from its platform; and most notably, LasVegas(dot)com, sold for $90,000,000.
For an entrepreneur that loves the city domain concept but is not connected to a media company in any manner, the Seller has meticulously assembled a business plan (complete with forecasts) with his vision of how to successfully monetize a domain name such as Tempe(dot)com. This 'roadmap' will only be provided to serious lookers who have executed a non-disclosure agreement with Broker.
City domains clearly bring huge values – especially cities like Tempe, home to nationally/internationally acclaimed Arizona State University, one of the largest public universities by enrollment in the U.S and the recipient of a record-breaking $413.7 million in philanthropic support in 2019 from more than 101,500 individual, corporate, and foundation supporters. (All numbers reported by Seller)
Seller financing is available at 5.5% for 60 months with 30% down.
In addition to “Tempe(dot)com,” the Seller has “Scottsdale(dot)com" for $2,200,000 (Seller financing avail), and a portfolio of 23 highly-coveted, major cities being marketed together for $25,000,000.
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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.