The software platform under review offers time and expense tracking solutions and primarily caters to small businesses. Established in 2001, it has maintained a robust presence in the market despite emerging competition, supporting over 3,000 users across 400 companies. It functions on a subscription model with tiered monthly pricing options and offers a 30-day trial. The platform's integration with QuickBooks is a prominent feature, contributing to its appeal among businesses that require seamless data management. Currently, three independent contractors, including a programmer and customer service representatives, assist in the platform's operations, with the business owner dedicating approximately ten hours per week to oversight.
Opportunities for growth include enhancing product features, such as adding project management tools, optimizing marketing strategies like paid traffic, and engaging with existing and former customers to boost retention. Cross-selling to an opt-in email list of 8,200 subscribers presents additional income avenues. SEO has not been a focus, though paid advertising was used historically to drive growth. There are plans to explore various affiliate and co-marketing opportunities to increase outreach and potential customer base.
Potential new owners are offered transitional support and training for up to 60 days post-acquisition. Technical aspects involve .Net programming, with a recent major software update completed. The site is hosted by a third-party provider, and all technical and operational elements are transferable to the new owner. The competitive landscape includes several key players, but this platform distinguishes itself with customizable solutions and a two-step approval process. The business is scalable, with no geographical limitations on management.
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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