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How to Find E-commerce Opportunities in Europe

If you’re looking to acquire an e-commerce business in Europe, you’re not alone. The European market is hot right now — fragmented, still under-digitized in places, and full of fast-growing brands across fashion, consumer tech, supplements, and beyond.

Whether you’re a first-time buyer or a fund building a portfolio, one thing is clear: deals aren’t just going to fall into your lap. You’ll need a strategy, a network, and a clear investment playbook.

Here are five things to lock in before you start deal-hunting. Nail these, and you’ll avoid time-wasting rabbit holes and be first in line when the right opportunities hit the market.

1 – Set Your Investment Criteria (Or Get Ready to Chase Ghosts)

The #1 mistake we see new buyers make? Chasing every deal that looks interesting. No filters, no thesis — just reacting to whatever hits their inbox. That’s a fast way to burn out.

What to do: define your investment criteria early. This doesn’t mean you can’t be flexible, but it keeps you focused and credible when speaking to sellers and brokers.

Here’s what that might include:

  • Revenue range: €500K to €10M+ is typical for lower mid-market deals.
  • Profitability: Aim for 10–25% EBITDA margins depending on vertical.
  • Business model: DTC, marketplace, or hybrid. Subscription-based gets bonus points.
  • Geography: EU-only, UK-based, pan-European — pick what fits your ops.
  • Channels: Are you okay with Amazon-heavy sellers or only want DTC?
  • Holding period: Will you flip it in 3 years or integrate into a roll-up?

When you show up to brokers or sellers with this level of clarity, you immediately stand out as a serious buyer — and you get shown better deals.

2 – Know Where to Start (It’s Not Always Obvious)

Europe is not one big homogenous market. It’s a patchwork of languages, regulations, and ecommerce behaviors. What works in Germany may fall flat in Spain. That’s what makes the region both tricky — and full of opportunity.

So where should you start?

Our advice: pick 1–2 core markets where you can operate post-acquisition. Germany and the UK are the biggest by e-commerce volume, but France, the Netherlands, and the Nordics are full of hidden gems with less competition.

Also, consider:

  • Logistics: Are you set up to fulfill locally or cross-border?
  • Language: Can you support customer service in-market?
  • Payments: Local checkout options (e.g. Klarna, Sofort, iDEAL) are often essential.

Start small, build local expertise, and scale region by region. Most successful buyers don’t go pan-European from day one — they expand based on traction.

3 – Use the Right Platforms (It’s Not Just Flippa)

Most buyers start on big listing sites. That’s fine — but if that’s your only source of deal flow, you’re seeing the same stuff everyone else is.

Here are platforms to bookmark:

Local Platforms:

  • Dealroom – Good for startup/scale-up-level deals across Europe.
  • FirmExchange – Netherlands-based, lots of 6–7 figure DTC listings.
  • DigitaleMarktplaatsen.nl – Dutch-only, small but growing market.

Global Platforms with EU Listings:

  • FE International – Heavily vetted listings, mostly SaaS + ecom.
  • Empire Flippers – Large volume of ecom deals, global sellers.
  • MicroAcquire (now Acquire.com) – Mix of SaaS and ecommerce, more early-stage.
  • Flippa – Lots of small ecom deals, but you’ll need to dig to find the gems.

Be prepared to move fast — especially on the platforms with high volume. Good deals go quickly. Having your funding ready and criteria defined helps you jump the line.

Pro tip from the DEX team: track sellers who withdraw listings — they often come back six months later, more motivated.

4 – How M&A Advisors Fit In (And Why They Can Save You 6 Months)

If you’re serious about buying a business — especially in a foreign market — a good M&A advisor is worth their weight in gold. They do more than just “find deals.”

Here’s how they help:

  • Source off-market opportunities you’d never see otherwise.
  • Pre-vet the business and flag red flags before you waste time.
  • Structure and negotiate the deal — earnouts, asset vs. share purchase, etc.
  • Coordinate due diligence (see our previous article for that one).
  • Manage legal, tax, and cross-border compliance — critical in the EU.

We’ve seen founders spend 6–9 months spinning wheels trying to buy solo — and still get outbid or spooked at DD. The right advisor can cut that timeline in half and help you avoid rookie mistakes.

Think of them like your buying co-pilot — especially useful if you’re not fluent in the local language or regulations.

What M&A Advisors Actually Charge (And What to Expect)

So how much does this all cost?

In Europe, advisory fees for SME and lower mid-market e-commerce deals typically follow this format:

  • Success fee only (no retainer): Usually 5–8% of transaction value for deals under €5M. Larger deals drop to ~3–4%.
  • Retainer + success fee: Some boutique advisors charge a small monthly retainer (e.g. €2K–€5K) plus a lower success fee.
  • Buyer-side mandates: Less common, but growing. Expect 2–4% success fee, sometimes with a fixed sourcing fee.

What to watch for:

  • Exclusivity clauses: Make sure you’re not locked into one advisor if they’re not delivering.
  • Minimum fees: Many advisors have a floor (~€50K+), regardless of deal size.
  • Value-added services: Some firms will include due diligence support, legal coordination, and even post-acquisition onboarding.

At DEX, we believe in transparency and alignment — you win, we win. Our success-based model is designed for growth-minded buyers who want deal flow, clarity, and execution all in one.

Final Thoughts

Buying an e-commerce business in Europe isn’t just about finding deals. It’s about knowing what you want, building the right infrastructure, and partnering with people who know the market inside-out.

If you’re serious about building a portfolio in Europe — or just want help kicking off your first deal — we can help.

We work with international buyers looking to expand into the EU, and we specialize in off-market deal sourcing, pre-DD screening, and full-stack execution support.

Book a free strategy call with our team and let’s talk about how to find — and close — the right ecom deal in Europe.