5 year old SaaS website in the finance market that has recently scaled to $6MM in revenue for cal-year 2021 with fully automated team, netting 1MM+ in profit
The company operates a fully automated document creation platform, specializing in paystubs for small businesses and independent contractors. It operates passively, with over 20 team members who are already hired, trained, and managing all business operations, including vendor relationships. Financially, the business faced a temporary income interruption due to a payment processor transition but is set to recover with a projected net profit of $68k in December. Current financial challenges include unreleased funds from previous and current payment processors.
The team consists of customer support representatives, developers (including a lead and juniors), a product developer, and a lead marketer managing a team of ten, all communicating via Slack. Ownership transfer will require negotiation with the team regarding their continued employment. Growth opportunities include the launch of an international sister site, targeting multiple countries with region-specific document offerings. This expansion project is progressing with considerable investment in research and development.
The company establishes revenue through affiliate agreements totaling $4k monthly for ad displays. However, the business faced challenges with payment processors, being placed on the Match list due to chargebacks, leading to account closures with PayPal and Stripe. Legal efforts are underway to resolve this issue, costing $3,500. The company now partners with a private bank for merchant processing and is arranging a backup banking solution. Revenue-sharing agreements exist with key team members, aligning with their current compensation and open for renegotiation post-sale.
Looking to acquire small-medium sized digital companies.
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13 transactions totalling USD $272,200
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