A recently launched side project, a virtual camera extension, achieved significant success with minimal marketing efforts, notably becoming the #3 product of the day on a prominent platform on August 21, 2021. The product garnered $1,158 in sales during its first week and a total of $1,578 overall. The project boasts over 500 subscribers on its mailing list, including employees from notable companies, and has 25+ paying customers who each paid $49. It operates on a SaaS model, with the potential to reach an estimated $1,500 in monthly recurring revenue in the near future due to its existing waitlist and established subscription system. The founders are currently involved in another business venture, necessitating the search for a new owner to potentially expand the product's reach. Despite their current business commitments, the founders are prepared to assist the new owner during a two-month transition period after the acquisition. The product, notable for its no-code design, is positioned in a growing industry where a competitor has recently raised substantial investment, highlighting the sector's strong potential. The founders express a blend of optimism for the product's future and disappointment at having to step away due to their current business obligations. This opportunity presents itself as attractive for new ownership, with established traction, ongoing customer interest, and a promising market outlook.
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1. Agreements & Contracts.
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2. Conduct Due Diligence.
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