- Yearly revenue
- Yearly net profit
- Asking price
- $209,000 SOLD
- Incredibly stable revenues
- Loyal customer base (tied into the functionality of the product)
- Little technical work required
- Low annual Monthly Recurring Revenue (MRR) Churn
- Room to improve product and content marketing (SEO)
For sale is a six year old SaaS software product providing project management and time tracking capabilities via web and mobile interfaces to SME and corporate end users.
Launched in early 2008, this software has seen incredible success and attracted small companies, universities and corporations to sign up to use the software.
The software itself focuses on time tracking as a crucial part of project management and has been one of its key advantage over competing products. Users find great value in being able to track time against budget and further to this, the product allows a team leader to breakdown tracking by team member, client and project.
This business itself enjoys c.110 long standing customers, with c.76% of those using the software for over a year.
With minimal technological update requirements, this would be ideal for a buyer after passive cash flows, or a buyer with a specific interest in the niche.
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All numbers are prepared on a SDE basis.