SaaS/App - Parking Enforcement Software - $800 MRR
- Yearly revenue
- Yearly net profit
- Asking price
- $30,200 SOLD
- Firm foothold in the parking enforcement software niche
- Highly rated App with an impressive 4.6-star rating on the App Store
- Strong customer following attracting an LTV of c.$700 in the LTM
- Rapid revenue growth with a CAGR of c.449% between the time period 2017-2019
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.
* Revenue and profit figures are annualized on a last three-month basis
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