- Yearly revenue
- Yearly net profit
- Asking price
- 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
For sale is a well-established business that offers permit management software focused on the NYC construction and real estate management market.
The software offers a solution for individuals and construction companies looking to manage multiple permits required for their development operations. This product has found incredibly strong product/market fit, as evidenced by the impressive 0.1% average monthly customer and revenue churn rates. The business has grown over 36% year-on-year since 2014. The business also runs lean, with less than $1,500 of fixed costs over the last 12 months.
The first version of the product was created in 1995. Since then, there have been multiple updates and improvements, with the business now ready to go to a full SaaS model. Currently, the business is monetized through a combination of installation fees, plus monthly or annual subscription plans.
This is a great opportunity for a new owner to take over and scale a long standing B2B software business. With investments into sales and marketing, as well as expansion into new cities via the launch of the fully cloud-based version, the business is poised for exponential future growth.
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All numbers are prepared on a SDE basis.