Back to Listings SaaS - B2B Project Management - $35K net/mo

Asking Price : $1,538,000

Annual Gross Revenue : $512,000

Annual Net Profit : $422,000

Profit Multiple : x3.64

Inventory Value: -

R-Index : 107

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From the Broker

Main Benefits

  • Very stable MRR with low churn of 1-2% and customer lifetime value of over $14,000
  • Large list of notable clients include multiple Fortune 500 names
  • Full developer team willing to transition with the business post-sale
  • Long and established business history leading to a strong and authoritative brand
  • Low owner involvement

Description

For sale is an enterprise B2B SaaS project management software provider.

Established in 2000, the business allows its clients to timely and accurately manage software projects by offering six project management tools including issue tracking, help desk, and file sharing among others.

The software has quickly found product market fit as demonstrated by the impressive SaaS metrics. The business boasts a low revenue churn rate of c.1.5% over the trailing 12 months. In turn, this leads to an implied CLV of over $14,000. With a customer base of over 200 clients, this demonstrates the mission-critical and high value-added nature of the product.

The business services many notable enterprise clients, including Fortune 500 names such as General Electric, Yum! Brands and State Street Corp, among many others. The owner spends only a few hours a week answering customer support questions and overseeing the developer team with feature developments. The team consists of two full-time developers, a part-time developer and a part-time tester all willing to transition to work under a new owner post-sale.

The business presents a great opportunity for a buyer to acquire a well-established and proven enterprise SaaS business with a mission-critical offering.

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Sale Pending: No

First Seen: Sat, Jun 24th 2017

Last Updated: Sun, Jun 25th 2017


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