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.