Back to Listings B2B Mobile App Hospitality Solutions Provider – 7 Years of Growth

Asking Price : $1,095,000

Annual Gross Revenue : $562,477

Annual Net Profit : $246,840

Profit Multiple : x4.44

Inventory Value: -

R-Index : 93

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From the Broker

The target holds a coveted #1 most downloaded app title within its category on both the Apple and Android platforms – firmly established with eight years in business, this perfectly positioned subscription-based SaaS provider brings together two highly desirable attributes – B2B software products, and a recurring revenue platform. This highly attractive value proposition is two-fold: client liability protection with a self-serve, touchless and mobile patron ID verification tool which simultaneously builds a comprehensive CRM database offering patron behavior pattern data in every pertinent regard. Thisbusiness offers a rare combination in core revenue tenets – liability reduction paired with low to no cost market insight data collection in realtime. This business is a fully-branded, completely turnkey SaaS platformthat is well established as a market leader in its niche and it is enjoying a strong, stable set of 900 active, subscribed clients including A-List brands endorsements from the likes of John Taffer’s Bar Rescue, NightClub& Bar News, and Miller Coors just to name a few.

This branded performer is ranked number one or on the first page for all major keywords related to the ID Scanning niche it serves both on Google, and within pertinent mobile App Stores. Clientele constitute adiverse array of businesses including nightclubs, bars, stadiums, corporate event venues, festivals and casinos. Huge scale opportunity exists in the vape shops & marijuana dispensary markets thanks to ongoing social trends and political legalization progress across the US domestic market. This SaaS solution is applicable to any establishment or event where age-restricted entry must be enforced and can be utilized by facilities to verify all customer ID's and build a valuable customer database for future marketing opportunities including identifying frequency trendlines, flagging banned patrons and establishing VIP offers to regulars.

This company has achieved consistent performance gains since launch thanks to highly passive, organic subscriber base growth (only 15-20% of customers are ‘sold’ by sales staff) and has realized recent growth to its top line with a recent price increase applicable to new customers only, and a trend away from hardware sales heading toward a pure subscription revenue model. With a simple back-end and an easy to use interface, this synergistic business is perfectly positioned for scale within it's current markets and in addition, the aggregate data collected from over one million scans per month may be developed into an additional revenue stream of potential lead generation for third parties in the future – this is a superb opportunity for literally any buyer.

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

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Sale Pending: No

First Seen: Sat, Apr 21st 2018

Last Updated: Sat, Jun 23rd 2018

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