Making Monday work with Quickbooks for $800k - Acquisitions Anonymous 274
Feb 23, 2024
Exploring a Florida-based SaaS business integrating monday.com and QuickBooks with strong financials and dominance in its niche. Concerns include reliance on third-party platforms and risk of obsolescence. Insights on buying businesses in software and B2B services, profitability, market position, and integration capabilities. Analysis of unique pricing model, customer acquisition factors, and maximizing cash flow in software services. Exploring the economics of dying video games and marketplace leverage in acquisitions.
40:01
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Platform Dependence Risk
The business integrates Monday.com and Quickbooks, holding a dominant market share within its niche.
However, its reliance on third-party platforms poses a risk of obsolescence if either platform replicates its functionality.
insights INSIGHT
Leveraging Platform Distribution
Building SaaS businesses at low price points is challenging due to high customer acquisition costs.
This business leverages Monday.com's app store for distribution, effectively minimizing customer acquisition expenses.
insights INSIGHT
Limited Customer Base
Despite market advantages, the business has a relatively small customer base of 500.
This raises questions about the total addressable market and the product's appeal within the broader user base.
Get the Snipd Podcast app to discover more snips from this episode
In an episode of Acquisitions Anonymous, Mills, Michael and Heather examine a Florida-based SaaS business that integrates monday.com and QuickBooks, holding a 99% market share in its niche. The business, valued at $810,000 with $200,000 in profit on $250,000 revenue, operates at 90% profit margins and requires less than 40 hours per month to manage. Despite its strong financials and dominant position, concerns include the reliance on third-party platforms and the risk of obsolescence if monday.com or QuickBooks creates a similar integration.
Check out the listing here: https://app.acquire.com/startup/L2KJxpMxgvdnONfExbQN5S0QDBD2/9x0igNI64pVtmYE44wcB?source=populars
Acquire.com is the online marketplace to buy and sell startups. Join 200k+ entrepreneurs closing life-changing deals. Buy and sell startups in as little as 30 days, supported by the best advisors and tech.
Thanks to our sponsors!
Acquisition Lab and their team have been longtime supporters of the pod.
Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.
Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.
If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.
-------------
CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.
Acquisitions Anonymous - #1 for business buying, selling and operating