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SELLER GUIDE
2 Comments
1,209
Views
20 Watchers
Watch
Another SaaS Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Default
Seller Location
Netherlands
Buyer Location
United Kingdom
Looking to sell a similar business? Or, Browse Similar Businesses

SaaS

Currency:

SaaS | Entertainment

SaaS / Entertainment
Site Age
8 years
Monthly Profit
USD $436 /mo
Profit Margin
79%
Profit Multiple
2.4x
Revenue Multiple
1.9x
About the Business

A music streaming service has developed a successful SaaS platform allowing users to stream music from their own cloud storage to various devices. As of now, the service has over 17,000 global users, with 128 being current premium subscribers, resulting in a net monthly profit of $400 through premium subscriptions. The platform is available without data usage counting against limits on certain mobile network plans in some countries. Established in early 2017, the platform aims to strike a balance between traditional streaming services and personal media streamers by providing a hosted platform without supplying music. Users utilize their music from cloud services like Dropbox, Google Drive, and others. Accessible via a web and Android app, the service collaborates with several third-party apps, extending usability to platforms like iOS and Windows. Operations are managed by a single individual, focusing on server maintenance and customer inquiries. The business has been consistently profitable, doubling revenue over costs, and requires minimal expenditure for scaling. It generates income from premium subscriptions priced between 4 and 24 EUR and through affiliate income from a cloud storage provider. The owner initiated the business during university to generate income flexibly but is now selling to advance their career. The business, with room for improvements in onboarding and expanding to iOS markets, includes comprehensive sale assets such as domain names, databases, and code. Post-sale support is included to assist new owners.
About the seller
Netherlands
Verification Complete
Email address
Phone number
Government ID

1 transaction totalling USD $12,500

Payment Methods
Escrow.com
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2 Comments
1,209
Views
20 Watchers

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