Recently Sold!
Established SaaS Business for Online Reviews
Asking Price: $55,000
Description
This opportunity is an established SaaS business that helps local businesses get more reviews with higher star ratings from customers on major review sites such as Google, Yelp, and Facebook. The SaaS product is a self-serve application on the cloud that customers access via any web browser. Customers pay a monthly subscription to use the product. The business is run by one owner working approx. 30 minutes each week, answering customer support emails.
Even on essentially auto-pilot for the past couple of years, the business has demonstrated YoY growth. For 2021, revenues were up 27% and profits up 43% over 2020. Its success has continued into 2022 with sales up 20% and profits up 55% in Jan 2022 over Jan 2021. With focus on the site through marketing efforts and updating, there is huge opportunity to scale this business further.
Key Benefits
- 100% Recurring Revenue
- Very stable with a 62% net profit margin and a steady, predictable trendline for both revenue and costs
- Requires very little time or effort to maintain, currently requiring the owner to spend only 1 to 2 hours per month cumulatively
- All new customers have been acquired from organic traffic to the website
Financial Overview
Gross Revenue $21,576 Cash Flow $13,439 Year Established 2017 Employees 0 Inventory N/A Other Information
Category Ecommerce Industry Digital Marketing Location USA, Colorado (Select County) Home Based Business Yes Seller Finanacing Available No Income Sources Products/Services Growth
This is a unique opportunity for a new owner to take over an established business with strong cash flows and vast growth opportunities. Ideas for future growth include:
- Price Increases
- SEO & Content Marketing
- Channel Partnerships
- Paid Ads
Competition
This business is the most competitive on price.
Interested? Let's get in touch!