- Yearly revenue
- Yearly net profit
- Asking price
- Well-built and scalable PaaS firmly positioned in the short-term rental insurance niche
- Continuous YoY growth with revenues reaching c.58.7% CAGR for the period 2016 to 2018
- Recurring subscription model allowing for high ARPA and LTV of c.$2,200 in the LTM
- Low owner involvement creating plenty of time to invest in growth
For sale is a growing B2B platform-as-a-service (PaaS) business in the home and rental insurance niche monetized via recurring subscriptions.
Launched in 2016, the business caters to the short-term rental market by providing flexible liability and loss-of-earnings insurance. With an affordable month-to-month offering, the business delivers a clear value proposition that has demonstrated market fit.
The business has scaled by focusing on the rapidly-growing short-term rentals and private accommodation industry. With the market for short-term rentals expected to rise c.60% to reach $133 billion in annual revenue by 2022, the business has a large and steadily-expanding target market to pursue over the coming years.
The business’s value proposition has proven effective, with the business reaching a c.58.7% CAGR for the period 2016 to 2018. With the average user paying c.$148 per month while staying on for of c.15 months, the business boasts an impressive LTV of c.$2,220 throughout the past year. With scalable costs and simple operations, a new owner will have plenty of resources to invest in growth.
The business presents a great acquisition opportunity for a new owner to take over an innovative B2B PaaS business monetized via a recurring subscription model. With lucrative unit economics, clear market fit, and a firm foothold in a steadily-growing niche, the business is primed to continue its upward trajectory under a new owner.
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All numbers are prepared on a SDE basis.