Flippa
SOLD!
Business Name

Phase Locked Software

Business Model
SaaS
Industry
Internet

$25,000

Asking Price
Multiple 1.9x
Two SaaS products for medical/healthcare companies & researchers.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$13,279
Annual Expenses
$350
Annual Net Profit
$12,929
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month February 2019 March 2019 April 2019
Revenue $1,304 $1,362 $1,628
Expenses $70 $57 $57
Net Profit $1,234 $1,305 $1,571
Month March 2019 April 2019 May 2019
Pageviews 1,541 1,087 733
Users 341 207 150

Note: Traffic data was provided on May 19, 2019. Enquire for more recent data.

Business Description

Two products:
1. Document Control for Confluence Cloud: An e-signature and workflow plugin for Confluence Cloud, distributed through Atlassian Marketplace, helps companies comply with regulatory requirements pertaining to document review.
2. Study Randomizer: A low-cost, user-friendly IWRS service for clinical trial randomization.

***PLEASE NOTE: the attached financials cover Document Control for Confluence Cloud. Please contact me for details on Study Randomizer.

How does your business make money?

The Confluence Cloud add-on has dozens of active subscribers who pay a monthly subscription price. Study Randomizer charges a one-time fee to initiate a study, handled automatically through a Stripe integration.

Why should someone buy this business?

This is a durable revenue stream with substantial “sticky” lock-in from several customers, who have regulatory obligations to use the product, with very low maintenance or overhead costs. Additionally, there is strong potential to grow the business with marketing and/or new features.

How can the future owner improve this business?

I have done virtually no marketing our outreach - all growth is organic - so the number one thing would be to proactively sell the product, especially to small businesses who may be overpaying elsewhere.

Why are you selling this business?

I am pursuing a different full-time career. Although the volume of customer support is fairly low - a few emails a month - I would like to free up my schedule for new projects.

Business Strengths

  • High levels of Automation
  • High Profit Margins
  • Lots of Repeat Customers
  • Low Time Commitment Required
  • Passive Revenue

Opportunities for a new owner

  • Improve Current Marketing Efforts
  • Develop New Features

Key day-to-day operations

  • Customer Support / Service
  • Website Maintenance
  • Programming / Development

Assets

  • Customer databases
  • Domains
  • Hosting accounts
  • Policy and Process documents
  • Website files, source code and content
  • e-Commerce platform accounts

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Jason Wright

Verified Account

United States

I am an engineer, software developer, and entrepreneur. See: http://jpw.nyc/about/