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Saas Fintech Company - Semi Absentee In San Marcos For Sale

San Marcos, Texas, US
Asking Price:
$200,000
Sales Revenue:
$20,000
Cash Flow:
Available on request

Unique opportunity to acquire a Saas fintech company, established in 2015. Built on SQL, the company offers a cloud-based budgeting/graphical tool that helps elected officials and citizens navigate, visualize and understand city, county, and school district budgets. This is a proven concept in a proven market - main competitors.

This subscription based business currently has 20k in annual recurring revenues. The average LTV of each customer is $2,000-20,000 per year based on the size of data. Typical customers include City Manager, Finance Director, or City Council. Contracts are usually from 1 - 3yr terms.

The Seller is semi-absentee, overseeing the employees, onboarding new clients, billing and managing technical support escalations. The business has an outside sales rep in NH and an administrator, both of whom work on a part-time basis. Growth opportunities for the Buyer include adding another sales rep, implementing better sales and marketing processes, and developing more functions within the software.

Business Operation

Expansion Potential:

Unique opportunity to acquire a SaaS fintech company, established in 2015. Built on SQL, the company offers a cloud-based budgeting/graphical tool that helps elected officials and citizens navigate, visualize and understand city, county, and school district budgets. This is a proven concept in a proven market - main competitors (opengov.com and cleargov.com have received huge VC investments).

This subscription based business currently has 20k in annual recurring revenues. The average LTV of each customer is $2,000-20,000 per year based on the size of data. Typical customers include City Manager, Finance Director, or City Council. Contracts are usually from 1 - 3yr terms.

The Seller is semi-absentee, overseeing the employees, onboarding new clients, billing and managing technical support escalations. The business has an outside sales rep in NH and an administrator, both of whom work on a part-time basis. Growth opportunities for the Buyer include adding another sales rep, implementing better sales and marketing processes, and developing more functions within the software.

Reasons for selling:

Owner's health declining

Employees:
2
Years established:
2015

Other Information

Support & training:

Seller will agree to stay on for a two month transition period

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Open for negotiating

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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