The seller, with over 20 years of experience in business management, has developed a SAAS product tailored for both schools and homeschooling parents to track academic progress. This software was initially designed in collaboration with two private schools, addressing the market gap by offering advanced reporting, accounting, request management, payment processing, and customizable options. This allows schools to manage their platforms independently without external assistance. Currently, the service has three schools subscribed at a monthly rate of $1,200 collectively, with a potential larger school prospect that could add $900 monthly to the revenue. Individual users can also subscribe for $5 monthly or $50 annually. The software is uniquely positioned against competitors by being more affordable and offering greater functionality. Existing customers provide strong references which could be leveraged in marketing efforts—a task the seller notes requires more focus, as minimal marketing activities have been conducted thus far. Operating costs are low, primarily consisting of server expenses at $30 monthly, and a net profit of over $14,000 annually. Developers can be enlisted for upgrades as necessary. The seller is looking to sell the business at cost, due to personal time constraints, despite believing in the software's significant growth potential. The business is free of debt, and the seller offers to assist the buyer with a 30-day transition period post-sale to ensure a seamless transfer.
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Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More