The deal is almost done, but the agreement and post-sale steps are where deals succeed or fail. Here's what to include in your purchase contract and how to handle the transition period.
So you've done the hard part. You've dug through traffic reports, questioned the revenue numbers, and haggled back and forth until you both felt like you got a fair shake. Now comes the part that actually makes it official: the purchase agreement and everything that happens after you hand over the money.
It's tempting to skim through the paperwork and just get to the keys. But this is where deals fall apart or turn into headaches six months down the road. Let's walk through what needs to be in that agreement and the steps you should take once the site is yours.
### What Must Be in the Purchase Agreement
A handshake might feel good in the moment, but it won't hold up when something goes wrong. Your agreement needs to be specific and leave nothing to interpretation. Here's what should be in there:
- **Exact assets included**: Domain name, content library, email lists, social media accounts, software licenses, and any proprietary code. If it's not listed, it's not included.
- **Revenue and traffic verification**: A clause stating that the seller's provided numbers are accurate as of the closing date, with a clear remedy if they're not.
- **Transition period**: How long the seller will stay on for handover. Thirty days is typical, but 60 to 90 days is better if the site relies on personal relationships with performers or advertisers.
- **Non-compete clause**: You don't want the seller launching the same site under a new name next month. Make sure this covers a reasonable timeframe and geographic scope.
- **Purchase price allocation**: How the price is split between assets, goodwill, and any equipment. This matters for tax purposes down the line.
- **Warranties and representations**: The seller confirms they legally own everything they're selling and that there are no hidden liens or lawsuits lurking.
### The Transition Period: Your 30-Day Game Plan
The first month after closing is the most critical. You're learning the ropes while trying not to break anything. Here's your priority list:
1. **Change all passwords and access immediately**. Every admin account, hosting panel, domain registrar, and payment processor. Don't wait until the end of the week.
2. **Back up everything**. Download the entire site, database, and content library to your own secure storage. You can't be too careful.
3. **Audit the payment systems**. Make sure all merchant accounts and payout processors are set up to go to your bank accounts, not the seller's.
4. **Review the content for compliance**. Verify that all models have valid documentation and that your content meets current platform guidelines. This is non-negotiable in this industry.
### Common Pitfalls After the Sale
Even with a solid agreement, things can go sideways. Here are the issues I see most often:
**The seller disappears before the transition is done.** This is why you hold back a percentage of the purchase price until the transition period ends. Ten to 20 percent in escrow gives you leverage if they vanish early.
**The traffic drops suddenly.** Sometimes this is because the seller was running paid campaigns they didn't tell you about. Sometimes it's because Google or another search engine catches wind of the ownership change and re-evaluates the site. Be patient, but also verify that your SEO practices are sound.
**Payment processors freeze your accounts.** Adult content is high-risk, and processors may review your account after the change of ownership. Have backups in place before you need them.
### When to Walk Away
If the seller won't agree to a non-compete clause or refuses to provide verifiable financials, that's a red flag you should take seriously. Same goes for a seller who's vague about the history of the content or the legitimacy of the traffic sources. Trust your gut. There are plenty of other sites out there.
### The Bottom Line
Closing the deal isn't the finish line. It's the start of a new chapter where your decisions determine whether you've bought a thriving business or a money pit. Take the time to get the agreement right, and don't rush the transition. The extra effort now will save you countless headaches later.