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Philly duo among entrepreneurs buying online businesses

Entrepreneur writes about Randall and Matt Caldwell's purchase of PitchingMachinesNow.com in a story about investors who buy existing online businesses.
 
Similarly, the entrepreneurial father-and-son duo, Randall and Matt Caldwell from Philadelphia used Flippa to find PitchingMachinesNow.com, a site that fit the pair's criteria -- which included cash flow, price-to-earnings ratios, profit margins, search rank and scalability. In 2011, they spent $149,000 on the online baseball equipment retailer, which had almost 10,000 unique visitors each month.
 
Original source: Entrepreneur
Read the full story here.
 
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