- Yearly revenue
- Yearly net profit
- Asking price
- $265,000 SOLD
- Revenue CAGR of 19% in the last five years
- Notable customer base of c. 1,000 users, representing a 40% growth rate in the last two years
- Low revenue churn of 4.7%
- Impressive backlinks from authoritative legal industry websites
- Strong website traffic and a number of top ten keyword rankings
For sale is an established software in the productivity and business automation niche.
Launched in 2008, the business has quickly found market fit by providing high quality productivity tracking software that is entirely automated and does not require manual “start” and “stop” actions, as many competitors do. The product is used across multiple industries and is used by companies and individuals alike to record precise timings used on each project, task or any other active job.
By targeting individual and small-firm attorneys, the company has carved out a defendable position within the US legal services industry. With firms losing up to $50,000 per year on each employee due to insufficient time tracking of emails and other client-related tasks, the software delivers a highly desired value proposition.
The owners focused on scale from the start, with much of the required support tasks outsourced to freelancers. This creates plenty of time for a new owner to focus on strategic growth.
With a well-built product, low churn, stable customer base and strong traffic, the offering presents a great opportunity for a buyer looking to take over a robust business with a lucrative value proposition.
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All numbers are prepared on a SDE basis.