For sale is a B2B SaaS business in the time and expense tracking niche.
Launched in 2001 and acquired by the owner in 2015, the business operates an intuitive and accurate tracking software for QuickBooks. With multiple mission-critical features including detailed reporting, team collaboration, project tools, and a mobile App, the software has firmly embedded itself into the daily-to-day operations of its loyal customer base.
Boasting nearly two decades of operational history, the business has stood the test of time to become a leading authority in the time tracking niche. With stellar reviews across multiple third-party sites and a firm foothold in a rapidly growing industry, the software is incredibly sticky, commanding an impressive net MRR churn rate of c.0.3% and LTV of c.$5,330 in the past year.
The business itself is simple to maintain, with the owner focusing on scale from the very start. This has allowed low overheads, driving strong net margins and allowing for plenty of time and cash flow to invest in growth opportunities.
This is an ideal acquisition for an investor looking to take over a proven B2B SaaS business with a mission-critical offering and a long history of success. With multiple unexplored growth opportunities and steady cash flow, the business is ready to be taken to the next level under a new owner.
Sale Pending: Yes
First Seen: Fri, Jun 15th 2018
Last Updated: Fri, Jul 13th 2018