The company in focus is a Software as a Service (SaaS) enterprise specializing in event management solutions, operational since 2016. Their primary revenue model is one-time customer purchases, leveraging platforms like Google Cloud, Stripe, and other prominent tech services to facilitate operations and monetization. Despite their technological robustness and serving thousands of clients, their marketing efforts have been minimal, attributed to the founders' lack of marketing expertise and time constraints, especially noted since the 2020 pandemic impacts.
Operations rely on organic customer acquisition through their website, with minimal marketing engagement over the past year. Automated systems significantly reduce direct customer queries, focusing on email-based customer interactions. The client base primarily consists of event organizers and parties, such as weddings and corporate events. On average, users engage the service 36 days prior to an event and retain phone number services for around 66 days.
Technologically, the backend is managed through Google Kubernetes Engine and utilizes Twilio for multimedia messaging and Google's APIs for content moderation. The front end is built with React and TypeScript, applying PubNub for real-time updates and Stripe for payment processing. Financially, the company reports a profit margin of around 74% for 2023 with $32,122.69 in revenue and $8,428.31 in costs, despite only expending roughly an hour monthly on management. Operating costs include services such as Google Cloud Hosting and MailChimp, with various monthly expenses ranging from less than $1 to $64.20 across different service providers.
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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.
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