SaaS/App - Parking Enforcement Software - $800 MRR
Details
For sale is a leading iOS and web App in the parking enforcement niche with an impressive 4.6 star-rating on the App Store.
Launched in 2017, the business has become a leading App for ALPR (Automatic License Plate Recognition) in the App Store by providing a software that allows parking enforcers to scan and upload license plate information in real time to check when a vehicle is in violation of parking rules. With clear market fit the business has seen c.1,300 lifetime installations.
With the global parking management solutions market expected to grow by $3.4 billion during 2019 to 2024, the business has a vast and expanding target market to tap into and continue scaling.
With a clear value proposition and robust functionality, the business' revenue has expanded at a CAGR of c.449% between the time period 2017-2019. With c.700 installations and an LTV of $700 in the LTM, the business is optimally positioned to continue this growth.
The acquisition presents a unique opportunity for a new owner to take over a highly rated SaaS/App business.