SaaS
listed by broker
Health & Wellness, IoT
Any
Desired valuation:
Open to offers
Description
The world’s most accurate food tracking IoT device and AI food recognition app that is protected by five granted patents. Unlike a regular food scale, our state-of-the-art smart scales connect to your App to automatically analyze your meals in less than 5 seconds. With three highly precise weight sensors and food recognition AI, you can identify and weigh your carbohydrates, proteins, and fats all at once, so you'll never overeat or under-eat again. The App can also be used on the go and at restaurants without the need for the device. The company has five patents granted in the US and protection in nearly 40 countries.
Featured metrics
New B2B model: $25 CAC, 75% Gross Margin, 58% Profit Margin, 90% retention rate.
Selling details
Type of shares
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Reason for selling
I seek an exit to benefit the new acquirer, existing shareholders, and lenders. This acquisition will come with a perpetual royalty of future sales that will be generated from our new B2B solution for healthcare. Equity in the new venture is also negotiable.
Preferred acquirer
Our ideal buyer or investor will have an extensive network of self-insured employers. Is well-versed in health and wellness, healthcare and B2B SaaS models.
Aspirations & growth opportunities
With the D2C sales, B2B royalties, and potential equity in the new business, your position could see a 35X-50X+ multiple.
Business details
Business model
Hardware Fee + Monthly Subscription
Customers
4,000 paid members, 500 active paying members (Our customers are self-insured employers in the US who employ 200+ employees. Our end users are the 67M Americans who are overweight (women & men, age 28-55 years old) who are covered by their self-insured employers.)
Competition
Operational details
Technology stack
Tensorflow, Shopify, Webflow, Shipstation, PayPal, AWS
Marketing spend
0 (We were D2C but are now pivoting to B2B due to lower CAC ($25))
Performance tracking tools
Financial details
Ownership structure
75% ownership, 25% outside investors
Last month's revenue
Last month's profit
Financial records
Annual P&L summary reports
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