SaaS
listed by broker
Product Sourcing
Minority
Desired valuation:
$ 1.2 M
Description
This SaaS connects Shopify sellers with high-quality North American product suppliers who offer dropshipping services. Our platform fully automates the process from importing all the way to payment and order fulfillment for the merchant, allowing suppliers to boost sales with no risk, while giving merchants access to inventory without any risk. 42% active user growth since Jan 2022, 50% YoY revenue growth, 95% gross margin (nearly 100% free customer acquisition via app stores)
Featured metrics
42% active user growth since Jan 2022, 50% YoY revenue growth, 95% gross margin (nearly 100% free customer acquisition via app stores)
Selling details
Type of shares
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Reason for selling
After 4 years building the business to profitability with a solid team, I was just ready to move on to a new project. My cofounder is still actively running the business.
Preferred acquirer
Acquirer interested in buying a 40-60% stake
Aspirations & growth opportunities
Shopify is growing and we're currently seeing our peak all-time installs per day. Free organic growth has been our business model from day 1 and that is not going to stop any time soon.
Business details
Business model
Recurring Subscription Revenue
Customers
1100 (North-American e-commerce entrepreneurs looking to increase profit in their online stores by adding related products)
Competition
Spocket, Modalyst, Oberlo
Operational details
Technology stack
Shopify, React JS, Python
Marketing spend
We invest ~$ 1 K per month on Google & Shopify App Store ads, plus a co-op student running email marketing for around $ 3 K per month but covered by a grant. (Shopify, Wix, BigCommerce)
Performance tracking tools
Financial details
Ownership structure
58% / 39% / 3% outside investors
Last month's revenue
Last month's profit
Financial records
Annual P&L summary reports, Online reporting software/tools
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