Back to Listings PaaS - Music & Events Membership Platform - $7.1K gross/mo

Asking Price : $279,000

Annual Gross Revenue : $86,000

Annual Net Profit : $81,000

Profit Multiple : x3.44

Inventory Value: -

R-Index : 112

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From the Broker

Main Benefits

  • Reputable brand with years of operational history in a growing niche
  • Large user base of hundreds of customers across dozens of countries
  • Stable and predictable traffic with over 100,000 sessions and 550,000 page views in the LTM
  • Automated operations allowing for low owner involvement

Description

For sale is a reputable and established platform as a service business (PaaS) in the music and events niche.

Launched in 2014, the website has carved out a defendable position in the niche by providing a platform for DJs and event organizers to connect. With a focus on House and Electric Dance Music (EDM), the platform has helped hundreds of DJs perform in venues such as nightclubs, lounges, festivals, promo events and more.

The business has made a name for itself in the lucrative and growing market for EDM music, currently valued at $7.4 billion. With younger generations fueling the growth of EDM and choosing to spend their money on concerts and other live experiences, demand for DJs and DJ events shows no signs of slowing down. With a market-leading brand and a history of success, the business is primed to capitalize on this trend for future growth.

The owner has built the business with scale in mind from the very start, automating much of the day-to-day. This has reduced owner involvement to a few hours per week, allowing for plenty of time for a new owner to focus on scaling the business through one of the many unexplored growth opportunities.

The business presents a great acquisition opportunity for a new owner looking to take over an established PaaS business in a growing niche. With an authoritative brand, innovative business model, and years of operational history, the business is well-positioned to continue its strong upward trajectory under a new owner

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Listed By


Sale Pending: No

First Seen: Wed, Aug 1st 2018

Last Updated: Thu, Aug 2nd 2018


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