Back to Listings Growing B2B SaaS - Recurring Revenue - Established 7 Years

Asking Price : $1,025,000

Annual Gross Revenue : $581,321

Annual Net Profit : $229,288

Profit Multiple : x4.47

Inventory Value: -

R-Index : 92

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From the Broker

Website Closers has been engaged to locate a suitor for an exciting, Recurring Revenue, SaaS company in the ID Scanning & Data Mining sector. The business primarily operates as a Mobile App and has over 900 Paying, Subscription Customers that are Businesses from a wide range of industries, including bars, restaurants, clubs, stadiums, event managers, casinos, dispensaries, vape shops, and other private event holders.

The company has been in business for over 7 Years, and has both proven the B2B model and continued to grow throughout all these years. The company has grown 160% just in the last year alone!

From a value proposition standpoint, a buyer has the opportunity to buy an ongoing revenue stream of business-to-business customers that operate on the world’s #1 most downloaded mobile ID scanning and relevant data collecting app for use in entertainment venues and age-restricted establishments of all kinds. This company has been featured on and endorsed by Jon Taffer’s Bar Rescue series on Spike TV, MillerCoors™, DreamIt Ventures, and Nightclub & Bar’s online news portals.

This user-friendly and potent data management platform operates entirely through an in-house developed app which dominates all top search terms both in Google Play and the Apple App Store. Priced affordably on a subscription model offering bankable, recurring revenue, this mobile app platform not only minimizes the cost and liability of age-restricted venue operation gate keeping, but it provided additional incentives for customers to join by mining data of all scanned IDs over time – this offers the venue owner/operator the ability to essentially collect comprehensive CRM data in the process, making for a massively valuable data set that will allow for anything from data segmentation and targeted marketing to top line evaluation of pricing, scheduling, SKU mix and so much more.

This company has achieved consistent performance since inception which continues to date, and enjoys an exceptional average sale at $800 per transaction. Thanks to a highly desirable platform and market niche, the business also boasts a very high repeat customer rate making this is a powerful and attractive platform for acquisition. In addition to primary revenue streams, subscribed user scan data is collated centrally as well – seeing up to 1.3 Million scans a month by all subscribed users, and an email database exceeding 150,000 total opt-ins, data opportunities, among so many others, are ripe for scale here at max ROI in the hands of almost any new owner.

But not only is past performance exciting about this business - also exciting is the opportunity for scale. This tech company has a large number of growth initiatives readily at hand, including the hiring of a sales team to load in more bars, restaurants and event managers, but also to begin bolting on additional services, including digital and traditional marketing initiatives geared towards the growing opt-in database. Additional services can also be provided to the growing customer base to make it even more sticky over time.

This Mobile App Tech Company Represented by:
Tech & Internet Business Brokers

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Sale Pending: No

First Seen: Mon, Jun 25th 2018

Last Updated: Thu, Sep 20th 2018

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