Business Created
September, 2016 - (5 years 9 months old)
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ABOUT THE BUSINESS
Being offered for sale is a powerful SaaS software tool that allows you to access over 500,000 Shopify stores and over 2.5 million products through analytics, giving eCommerce owners a distinct advantage of real-time market trends relating to both products and buyers.
KEY HIGHLIGHTS
Cloud-based SaaS
Cross-platform for both Apple and Mac
Multiple subscription options
Shopify
Stable year-round revenue and growth multiple platforms interfaces - Shopify, Ebay, etc.
Site administration is automated not including customer service and upgrades
No ad campaigns currently optimized
15,000 past and current users
Owner admin designed to be minimal | 2 hours daily
All employees will stay on with new ownership
Owners willing to stay on for significant transition and migration support as well as continued consultancy
OPERATIONS
We generate revenue by affiliate recruitment and also organic search traffic. We estimate at this point it's about 85% organic and 15% affiliate. The software is $99 one-time payment, $39 per month or $29 per month for 4 payments. We typically process 2-6 orders per day on average. Of course we have some days that are more and some days less.
We spend about 10-15 hours per week on average running the platform keeping everything up to date, answering customer questions, etc. As far as payments go, all that is automated so the most demanding part of running the business would be the website updates/upgrades and the customer service inquiries.
A typical day is a random check for support tickets processing customer requests, troubleshooting problems with the customers ability to use the software, making any necessary changes to the platform as needed.
What do you see as the growth potential for this business? What would you do if you were to keep the business?
We see tremendous growth opportunities for this business and eCommerce. Data is showing a 78% growth for eCommerce through the year 2020 which will make it a 1.7 trillion dollar per year industry.
We have already positioned ourselves as one of the leading solutions for eCommerce research with would be Shopify business owners. This business could be expanded beyond Shopify into the other solutions such as Wordpress, Magento, and related.
The room for growth is staggering and with the right people to take over this business, it will be hard not to be successful as we have laid the ground work from being in the trenches through the toughest part of growing a business, which is the first year. We pride ourselves in picking niches that are becoming increasingly bigger and bigger and time moves forward. This one is no exception. Online eCommerce is the future as big box retail is dying at a fairly rapid rate.
September, 2016 - (5 years 9 months old)
The following are included in the sale of this business:
We will teach the new owners everything they need to know to successfully run the platform on their own.
Why are you selling?
Our normal business model is to create SaaS, build them up and then sell them when they start doing well, which is usually at the one year mark. Since we are marketers by trade, we love to challenge ourselves and go into various niches creating something awesome and then see the fruits of our labor. It makes things more interesting for us when we aren't stuck promoting the same business day in and day out.
To be frank, we get bored and have to create new businesses from our ideas. We always tell ourselves that we should just consult with professionals, showing them how to build and launch a business from scratch, but we're good at coming up with ideas for SaaS and launching them, so we just continue to do that. This has been somewhat of an exception, so we have held onto this one a lot longer than we normally would since it has done so well over the past years.