The recent WordPress update triggered lots of controversial discussions around the new tags it introduced: noopener and noreferrer. What looks like a potential bug at a first glance, is in fact a useful feature that is supposed to stop newly opened pages having the ability to control the page that opened it. In other news, Google Doc users have been under threat with a phishing scam this past week, so make sure to keep an eye out of suspicious looking emails and links!
New listings at FE International this week include a B2B Real Estate Permitting Automation tool (SaaS) with long and established business history and low customer churn, as well as rapidly growing B2B Social Media Marketing application (SaaS) with steady and predicable MRR growth. Check out Deal Highlights below to request a prospectus if any of these businesses look interesting to you. In case you’re looking for something different, browse all listings here.
FE founder Thomas Smale continues to travel around the world meeting our clients and speaking at the events. In just a few days Thomas will be attending Pulse in San Francisco Bay Area (May 9-11), and will be hosting a Happy Hour in Oakland, exclusively for friends of FE International! We would love to see you there if you are around – please check out the details and RSVP here. CEO Ismael Wrixen will be attending the IBBA’s annual conference in Dallas, TX, this weekend – where he will be taking about M&A advisory trends and how to scale service businesses. Later in May, Thomas and Amanda will be at Sellers Summit in Ft. Lauderdale (May 18-20), where FE is exhibiting. Concluding a busy month, Thomas will head back to the West coast to join Traction conference in Vancouver, Canada on May 31-June 1. If you are in the area for any of these events, let us know and we will connect you directly with Thomas and Ismael to set up a meeting!Continue on below to read the news on Google Docs users being scammed, a client case study about successfully pivoting business models, and watch Thomas’ presentation about developing a successful strategy for building a sellable SaaS business.
Deal Highlights
SaaS – B2B Social Media Marketing – $36K MRR
- Rapidly growing at 91% CAGR from 2015-2016
- Steady and predictable MRR growth over the trailing 12 months
- Diversified and growing customer base
- Full-team in place willing to stay on post-sale
- Growing niche
Yearly net profit: $230,000
MRR growth (monthly): 4.7%
Asking price: $1,195,000
SaaS – B2B Real Estate Permitting Automation – $8K gross/mo
- Low customer churn at 0.1% and high CLV
- Long and established business history
- 36% year over year growth since 2014
- Leadership position in the NYC real estate market
- Low owner involvement
Yearly net profit: $95,000
Asking price: $295,000
In the News…
Google Docs Users Hit by Phishing Scam
The scam claimed to come from Google Docs – a service that allows people to share and edit documents online. Users who clicked a link and followed instructions, risked allowing the hackers access to their email accounts. Google said it had stopped the attack “within approximately one hour”, including through “removing fake pages and applications”.
Read the full article here.
Move from Productized Service to Authority Site Exit in 6 Months
In his new post, Richard Patey details five steps he took that enabled him to transition a productized service into an authority site with thousands of dollars in affiliate monthly recurring income, which was then sold to an investor within 6 months.
Read the full post here.
Build Your SaaS Business for the Winning Exit
Founder Thomas Smale spoke at FemtoConf 2017 in Frankfurt earlier this year, and shared his best practices on designing a 4-step strategy for building a sellable SaaS business.
Watch the full video here.