Software as a Service Business For Sale
98% Subscription Renewal Rate
Listing Number: 1664
Asking Price: $750,000
Gross Revenues: $815,000
Cash Flow: $210,000
This a rare opportunity to acquire a software firm that provides cutting edge solutions for companies seeking to reduce their software costs. Located in the Northeast US, the Company is a leading provider of licensing management tools to companies around the world for a very targeted industry. The Company’s proprietary solutions offer clients a better way to keep track of expensive software licenses and associated resources. Along with software as a service, the business also offers consulting services for Enterprise solutions.
The company has enjoyed consistently strong sales year after year due to a solid customer base with a 98% renewal rate. And during the 2018-2019 fiscal year, the company grew its revenues by 25%. There is limited competition in this service area, with numerous market penetration opportunities across multiple sectors. A buyer seeking to ramp up profits can expand direct sales and marketing activities to increase the company’s base of satisfied clients. The Company is located in modern offices in a downtown location, however due to the nature of the work, the company can be relocated if desired.
With a unique and effective set of technology solutions that provide a clear ROI for prospective clients across multiple industries, the Company is an exceptional prospect for a buyer seeking a company with in-demand products, experienced staff, and room for profit.
Growth and Expansion
- Well-regarded SaaS company with 98% subscription renewal rate
- More marketing and sales efforts will allow significant expansion
- New products could also be added, with strong technical team in place
- Software is a resilient industry and will only grow in importance in the future
Support & Training: The seller will provide necessary support and training.