This listing is for a SaaS business created in May 2016 in the finance niche. The Java application aims to help business owners transfer data between two popular business tools and earns revenue from monthly subscription fees. The growing business is in a well carved out niche and requires minimal work from the Sellers.
The software receives an update every six months. The Sellers are not developers themselves and have outsourced development in the past. While the developers are unaware of the sale, the Sellers are confident they'll want to continue working with the Buyer. The Sellers spend about two hours per week on the business answering customer inquiries and managing occasional development.
The Sellers have not done any paid advertising for the business. The two business tools that this software is integrated with have links for the software on their sites and this drives the majority of the traffic. The business has Facebook, Twitter, and Instagram accounts, but they don't contribute much to the traffic.
* We've decided to use a 6-month average of net profit for the valuation because we felt that a 12-month average did not accurately represent the current state of the business.
Average Monthly Revenue: $2,283
Average Monthly Expenses: $467
Average Monthly Net Profit: $1,815
* We are using the last 6 months to determine the averages.
Assets Included in Sale
Included in the sale of this business are:
The Sellers spend about 2 hours per week responding to customer inquiries and managing development when needed.
Reason for Sale
The Sellers are selling the business because they've received a few unsolicited offers over the past few months have now decided to sell it. They are going to use the funds on a new business.
Sale Pending: No
First Seen: Tue, Dec 18th 2018
Last Updated: Fri, Jan 11th 2019