Sold SaaS

SaaS/Recurring Subscription - Shopify/BigCommerce Apps

Details

For sale is a portfolio of two Apps in the address validation and store decoration niche.

Invalid addresses are a significant drawback for e-commerce vendors, who typically pay c.$18 per address correction, leading to a potential increase in redelivery charges, customer support cost and negative customer reviews. The portfolio's main App address these challenges by providing an easy-to-use software providing shipping address verification for Merchants. The other App compliments this by enabling Shopify merchants to decorate their online storefront with animations to improve conversions during sales and holiday seasons.

Launched in 2017, the App has successfully capitalized on the small and medium-sized storefronts while continuing to be appealing for larger enterprise brands and have maintained an impressive average rating of over 4.7-stars across the Apps. The portfolio has shown a revenue CAGR of c.212% between 2017 and 2020 with the business generating c.$2.1M in revenues over the LTM. With over 2.2K active paying merchants and a steady LTV of c.$1.5K over the LTM, the business now generates an MRR of c.$193K.

The portfolio presents an opportunity for a new owner to acquire a cash flow positive and rapidly growing business well-positioned in the market and primed for growth.