We a Property Management Software for hotels, restaurants, bars, nightclubs, corner shops.

We are an intelligent software for hotels that manages their internal operations like point of sales, inventory, profit and loss report, internal audit, advanced bookepping.

Asking Price

$210k

Multiples

Asking Price Reasoning

We are selling the IP and the customers. The customers pay a yearly subscription of about 40k USD without further investments. We currently generate 80k USD with just one full time employee and no marketing budget. Any investment will skyrocket it to a bilion dollar business.

$80k last 12 months gross revenue

$60k last 12 months net profit

$6k last month gross revenue

$4k last month net profit

101-250 Customers

$30k ARR

+80% Annual Growth Rate

10%+ upwards Churn Rate

Date Founded

May 2022

Team Size

Small (2-20)

Business Model

Business-to-business (B2B)
Subscription

1. We currently generate revenue through; a. We charge a one time fee for deployment and training which can differ based on business. For example we have some gas stations using our solution and we charge as much as 2000 USD for deployment and training and 700 USD for yearly subscription. For restaurants and hotels we charge as much as 1000 USD for setup and deployment and 300 -500 USD for yearly subscription. Though our charges are in the local currency of the Country we operate in. b. We charge yearly subscription. 2. Our customers include businesses in hospitality, downstream oil and gas sector, i.e selling of gas and PMS, retail outlets, hospitals. 3. 99% of our customers are located in Nigeria and the remaining 1% is in Kenya and Uganda. 4. The average customer is paying 300 USD one time fee for deployment and 250 USD for yearly subscription.

Tech Stack

Flutter
Node.js
JavaScript
MySQL
Scala
Firebase

MySQL, Node.js, Javascript

Growth Opportunities

Increase digital marketing
Hire a sales team
Focus on SEO
Expand to new markets
Social media marketing
Improve conversion rates

1. The changes I would make is being bullish with marketing 2. The key levers to pull is on digital marketing and making the product readily available to all globally. Simplifying onboarding process. 3. If I were given 1m USD, I would be bullish on marketing, simplifying onboarding process and integratIng AI.

Competitors

squareup.com
Microsoft BI
SAP

Key Assets

Mobile application
Website
Intellectual property
Customers

Selling Reasoning

Other
Financial gain

We have hit Product Market Fit with the product and we are looking at doing something new.

Financing

Bootstrapped

We are fully bootstrapped and we use the revenue generated from the business to plough back.

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We a Property Management Software for hotels, restaurants, bars, nightclubs, corner shops.

Seller details

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