When you ask potential business buyers what they are looking for in a business acquisition, almost every one says that they are looking for a digital product with a recurring revenue model and little to no staff. Well here you go. This Data Backup SaaS business fits the bill.
Like a lot of entrepreneurs, they were looking to start a business with a recurring revenue model. Launched in October 2013, this data backup service business was started after experiencing what could have been a catastrophic loss of data. Although their data was saved because they backed up their information frequently, they realized that many people were still vulnerable to not only losing their data, but their memories, so they decided that they might be on to something.
Now, after several years of heavy investing and dialing in their paid marketing channels, they have started to generate significant recurring revenue with the business. However, they recently came up with another exciting idea, and they want to free up some capital to focus on that. This could be the perfect opportunity for someone to come in, take over, and take this business to the next level.
After several years of reinvesting all of the profits back into the business to rapidly grow the user base, in November, they decided it was time to start realizing some profit. There have now been 8 consecutive months of substantial profitability totaling $99,390. As each of the next several months fall off, the Trailing Twelve Months should continue to rapidly increase as negative months turn into positive months.
Sale Pending: No
First Seen: Fri, Aug 4th 2017
Last Updated: Sat, Aug 5th 2017