Flippa
FOR SALE
Business Name

O3

Business Model
SaaS
Industry
Business

$20,000

Asking Price
Multiple 3.8x
Outreach by O3 collects customer satisfaction data automatically via text messages for more reviews and instant feedback
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
2016
Full-Time Staff
-
Annual Revenue
$12,511
Annual Expenses
$7,262
Annual Net Profit
$5,249
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 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021
Revenue $965 $965 $965 $1,255 $1,255 $1,255 $1,255 $1,014 $724 $1,304 $1,014 $724
Expenses $1,110 $1 $509 $627 $1,053 $610 $767 $594 $556 $498 $669 $384
Net Profit -$145 $964 $456 $628 $202 $645 $488 $420 $168 $806 $345 $340
Month Pageviews Users
March 2021 1,842 139
February 2021 1,733 84
January 2021 1,539 109
December 2020 1,694 95
November 2020 1,015 164
October 2020 1,289 138
September 2020 1,392 103
August 2020 1,373 85
July 2020 1,423 81
June 2020 1,550 82
May 2020 1,396 159
April 2020 2,272 79

Note: Traffic data was provided on 05 April 2021. Enquire for more recent data.

Business Description

Outreach has sent over 850,000 automated text message surveys on behalf of our customers, gaining them deep insight into how customers perceive their businesses, boosting their online reviews fantastically, and giving business owners tools to evaluate employee/customer interactions on a one-on-one basis.

It's a simple idea: businesses use Outreach by O3 to automatically ask the customer "How did we do?" via a text survey after any significant interaction, and the Outreach engine walks the customer through a quick conversation of up to 3 texts. The data from the customer's responses flows in real-time back to the company's dashboard, and if the customer had a good experience they are prompted to leave an online review.

Our plans range from $99/mo to $549/mo, with an ARPU of $262. Profit margins on each account are typically north of 80%. Once set up, customers can manage their account by themselves and everything is automated.

The customers that have used O3 use phrases like "I'm blown away" and "This detailed of feedback is game-changing." For the small to medium service business that interacts with many customers during the day (think pest control companies, car dealerships, tradesmen, etc.) with a distributed workforce, Outreach by O3 is insight, data, and a business advantage that they've never experienced before.

How does your business make money?

We are a pure subscription SaaS play. Our customers are automatically build every month (Stripe) for their accounts, with monthly subs ranging from $99-599 (ARPU: $262).

Variable costs are limited to the carrier fees incurred by the text messages themselves and the rented phone number, which are typically as low as 10-20% per account. (Example: a biz subscribes to the $249/mo plan and sends ~$30 worth of text messages in a month.) We have some low fixed costs (application hosting, email, etc.) that amount to about $200/mo, and have also reduced costs there recently to increase SDE.

There is a turnkey opportunity here to simply create an acquisition funnel and begin building a truly impressive, high margin business.

Why are you selling this business?

We have had this business on autopilot for over a year now with our focus elsewhere. We love the idea and it has proven very popular with our customers, but we lack the skills necessary to market the product and know that it needs a new owner to make it take off.

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Custom technology
  • Customer databases
  • Domains
  • Hosting accounts
  • Policy and Process documents
  • Relevant email accounts
  • Social media accounts
  • Vendor contacts
  • Website files, source code and content

Post sale support

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

Included

About the Seller

Joshua Lyman

Verified Account

United States

Contact