#61: Commercial Parking Lot Making $14mm/year

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πŸ‘‹ Hey Team!

Welcome to the 411 new people who have joined this week!

In this week’s issue:

  • πŸ—„οΈ Traditional business - 1 listing

  • ☁️ SaaS - 1 listing

  • ✍🏽 Content - 1 Listing

  • πŸ—„οΈ Traditional business - 2 listings

  • πŸ›’ eCommerce - 3 listings

Alright, Let’s explore!

Estimated Reading Time = 5 minutes

πŸš€ Startup Spotlight

Discover profitable online and traditional businesses.

πŸ’° Asking Price: $2,700,000

This is the largest commercial parking lot sweeping contractor in Southeast US. More than 200 active customers and 160 employees, servicing Florida, and Georgia, Alabama and South Carolina. The client list includes highly desirable names like Costco, Wal-Mart, K-Mart, Home-Depot, Regency, CBRE, Cohen, and many other solid names.

More than 80% of revenues are recurring. Key services include Parking Lots Sweeping, Porter Services, and General Maintenance of Commercial Properties.

Type: Traditional Business

βœ… Key Highlights

  • $14,471,210 in Gross Revenue

  • $634,524 in Cash Flow

  • $36,485 in FF&E

  • Margin: 4%

πŸ’° Asking Price: $300,000

Their tool is specially designed to help content creators quickly convert their standard 16:9 videos into engaging, short clips optimized for social media platforms like TikTok, YouTube Short.

Users upload their videos 9:16 or 16:9 from YouTube and our software efficiently creates captivating clips, complete with dynamic subtitles to keep viewers engaged.

This tool has led to a notable 15% increase in views for our users, benefiting from additional features like b-rolls, sound effects, and precise face cropping. It simplifies the content creation process, allowing creators to concentrate more on creativity and audience interaction.

Type: SaaS

βœ… Key Highlights

  • $98,000 in TTM revenue

  • $68,000 in TTM profit

  • $10,000 in revenue last month

  • $7,000 in profit last month

  • 97% Profit margins

πŸš€ Growth Opportunities

  • Community: Reach out to influencers with large communities and offer an affiliate commission to everyone who uses the software in that community. Best way to grow is if the influencer has also grown through short form content.

  • Content: Start producing your own content through this tool. Create long form content that can be cut into small pieces of valuable content for social media.

🚩Cons

  • Competition: More and more of the same SaaS type is being launched, need to find a MOAT and differentiator to stand out in the competition. Having a creator led face of the company will be really beneficial here.

❓ Questions

  • How has the valuation been agreed on?

  • Why is the owner selling? They mentioned business challenges is that with growth or personal?

  • What’s been the current main growth strategy?

πŸ’° Asking Price: $200,000

Discover The New Way To Build Awareness, Generate Leads, And Unlock A Powerful Revenue Stream For Your Online Business.

Type: Content

βœ… Key Highlights

  • $240,000 in TTM revenue

  • $120,000 in TTM profit

πŸš€ Growth Opportunities

  • Ads: Marketing funnel already exists, new owner needs to make better ads to create more margin in the funnel.

  • Community: Adding a community aspect to the program will allow you to generate more value for subscribers and charge slightly higher for this offer

🀌🏼 Learnings Of The Week

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  • πŸ—„οΈ Traditional business - 2 listings

  • πŸ›’ eCommerce - 3 listings

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