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Shopify App Startup Sweden
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$255k ARR Shopify Upsell App. 143% YoY Growth, 97% Gross Margin, Built for Shopify.

P&L Documents (1)Supporting files (2)
Asking Price
$950k
Multiples
7.2x SDE
The asking price divided by trailing twelve-month Seller's Discretionary Earnings (SDE).
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5.1x revenue
The asking price divided by TTM gross revenue.
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Annual Growth Rate
+143%
TTM Revenue
$187.7k
Profit
$131k
Last Month's Revenue
$20.8k
Profit
$16.6k

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Sweden

$255k ARR Shopify Upsell App. 143% YoY Growth, 97% Gross Margin, Built for Shopify.

A profitable Shopify cart and upsell app generating $21.25k MRR / $255k ARR, growing 143% YoY, with 97% gross margins and no employees. The app helps Shopify merchants increase average order value by turning the cart into a high-converting sales channel. Merchants can launch AI-powered upsells and cross-sells, free gifts, reward thresholds, announcement banners, cart customization, and checkout offers, all without code. The business has been built to stay lean. It is currently operated by two founders at approximately 5–10 hours per week combined, with no employees, contractors, or payroll. Current Run Rate — September 2026 👉 $21,250 MRR / $255k ARR (net of discounts) 👉 $17.2k monthly owner earnings / $207k annualized 👉 ~200 paying merchants 👉 ~$3.4k total monthly operating costs Trailing 12 Months (1 Sep 2025 – 31 Aug 2026) 👉 $194k gross revenue 👉 $131k Seller's Discretionary Earnings 👉 70% SDE margin 👉 97% gross margin 👉 143% YoY revenue growth Why This Business Is Attractive ✅ Built for Shopify — Shopify's quality standard for app performance, reliability, design, and merchant experience ✅ 5.0-star rating across 46 reviews ✅ 143% YoY growth with significant room to continue scaling ✅ 97% gross margin and a cost base of only ~$3.4k/month ✅ No employees or contractors — extremely lean operation ✅ Low founder workload — approximately 5–10 hours/week combined ✅ 93.8% monthly net revenue retention — merchants that stay grow into higher usage tiers ✅ Built-in expansion revenue — pricing scales with merchant order volume, meaning revenue increases automatically as customers grow Product The app gives merchants the tools to build and optimize their cart without developers. Core functionality includes: - Proprietary AI/ML-powered upsells and cross-sells - Cart drawer customization - Free gifts and flexible reward thresholds - Free-shipping progress bars - Announcement banners - One-click add-ons - Checkout upsells - Multi-market and multi-currency support - Translation support - Advanced customization options (AI-supported) Setup takes minutes and almost everything can be configured without code.
Asking Price
$950k
Multiples
7.2x SDE
The asking price divided by trailing twelve-month Seller's Discretionary Earnings (SDE).
Learn more about multiples
5.1x revenue
The asking price divided by TTM gross revenue.
Learn more about multiples
Asking Price Reasoning
The asking price represents 3.7x current ARR ($255k, net of discounts) and 4.6x annualized owner earnings ($207k). We believe this is supported by 143% YoY revenue growth, 97% gross margins, low customer concentration and an exceptionally lean operating structure. Additional Upside The company has primarily grown through the Shopify ecosystem with a lean team and limited operating overhead. There are several clear growth opportunities for a buyer with additional resources, including accelerating merchant acquisition, expanding partnerships and agency distribution, increasing App Store visibility and continuing to optimize pricing and expansion revenue. A separate Shopify bundle app generating ca $1.2k MRR can also be included as an add-on to the transaction if desired. All financial metrics above relate exclusively to the core cart and upsell app.
Recent performance
TTM Revenue
Trailing twelve month (TTM) gross revenue.
$187.7k last 12 months gross revenue
TTM Profit
Trailing twelve month (TTM) net profit.
$131k last 12 months net profit
Last Months Revenue
Total gross revenue last month.
$20.8k last month gross revenue
Last Months Profit
Total net profit last month.
$16.6k last month net profit
Customer metrics
Customers
Total unique customers who have made a purchase.
101-250 Customers
ARR
The total recurring revenue over the last full month, annualized (MRR × 12). Excludes one-time fees and variable usage revenue.
$255k ARR
Annual Growth Rate
The percentage change in revenue over the last 12 months compared to the previous 12 months.
+143% Annual Growth Rate
Churn Rate
The percentage of paying customers lost over the last 12 months.
3-5% stable Churn Rate
Company overview
Date Founded
February 2024
Team Size
Small (2-20)
Business Model
  • Subscription
  • Business-to-business (B2B)
Tech Stack
  • Shopify
  • React
  • CSS
  • Node.js
  • Cloudflare
  • HTML
  • TypeScript
Growth Opportunities
  • Hire a sales team
  • Focus on SEO
  • Improve conversion rates
  • Increase content marketing
  • Increase digital marketing
  • Social media marketing
  • New product features
  • Increase pricing
Product-Led Growth - Product page upsells are prepared and used by a few merchants, but not released. Could be charged separately. - Post-purchase upsells could be developed; either as a separate app or as an in-app feature that is charged for separately. Price increase - Our prices currently top out at 399USD/month for 5000+ orders. Some enterprise stores pay more, but a store with 50k+ orders per month could pay substantially more; see e.g. pricing of competitor Rebuy.
Competitors
  • UpCart
  • Rebuy
  • Monster Cart
Key Assets
  • Codebase
  • Trade names
  • Domain
  • Brand
  • Social media accounts
  • Customers
  • Website
Acquisition details
Selling Reasoning
  • Financial gain
  • Starting a new venture
Financing
  • Bootstrapped

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