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SaaS/Recurring Subscription – Invoicing & Billing Automation Shopify App – c.$22K MRR

Date Posted: May 10, 2023
Last Updated: 09-29-2023
Financial Information
Price: $1,021,000
Annual Revenue: $278,000
Annual Net Profit: $225,000
Revenue Multiple: 3.67x
Profit Multiple: 4.54x
Currency: US Dollars
Post Details
Status: Available
Industry: Internet
Listing Owner: FE International
Location: United States
Description

For sale is an established and well regarded B2B Shopify App with c.1.4K active paying users as of Mar-23, operating in the invoicing and billing automation niche.

Launched in 2019, the business offers Shopify store operators the ability to create, print, and send invoices, quotes, and packing slips through its no-code solution. In addition to these core features, it allows its subscribers to automatically remit invoices and payment reminders that include information like payment terms and due dates.

The business generated c.$278K in revenue over the LTM through its freemium pricing model where paid plans begin at $9.99/mo if a customer goes over their allocation of free invoices. It maintains a streamlined cost structure, yielding SDE margins of c.81%, and boasts a low monthly MRR churn rate of c.5.2%.

This presents an attractive opportunity to acquire a high-rated Shopify App servicing an expanding addressable market with plenty of room to scale.

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