#65: Business with an SDE of $400k/year

πŸ‘‹ Hey Team!

Welcome to the 290 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 - 3 listings

  • πŸ›’ eCommerce - 2 listings

Alright, Let’s explore!

Estimated Reading Time = 5 minutes

πŸš€ Startup Spotlight

Discover profitable online and traditional businesses.

πŸ’° Asking Price: $1,400,000

Type: Traditional Business

βœ… Key Highlights

  • $921,247 in Gross Revenue

  • $415,570 in Cashflow

  • $6,800 in rent per month

  • 28 Washers & 26 Dryers

  • 26 Commercial accounts!

  • SDE of $415,570

This laundromat, located in a busy shopping center in Miami, has been a staple since 1987, with the current owner taking over in 2017. With a semi-absentee owner model, the business has consistently grown its revenue, expected to surpass $1,000,000 in the current year. The revenue breakdown includes walk-ins, commercial accounts, and pick-up and delivery services, providing a diversified income stream.

The laundromat is equipped with modern Dexter washers and dryers, with a substantial commercial client base. The lease is extendable, and the sale includes all necessary equipment and two company vans.

The business has about 6 employees and the owner makes about $400,000+ a year and expected to do more in 2024.

πŸ’° Asking Price: $1,800,000

Social streaming platform that allows creators to grow their brand/name through investing content.

Type: SaaS

βœ… Key Highlights

  • $1,200,000 in TTM revenue

  • $1,000,000 in TTM profit

  • $45,000 in revenue last month

  • $37,000 in profit last month

πŸš€ Growth Opportunities

  • Traders: Sign traders with large social media followings to exclusively trade only on TradeCaster. Their large followings will bring in even larger quantities of subscriptions.

  • Affiliates: Have an affiliate marketing team reach out to traders with a social media presence who may not want to stream, but who can still promote TradeCaster to their following. Every converted member will be 80% to TradeCaster and 15% to the influencer.

🚩 Cons

  • Established Platforms: Despite TradeCaster's unique value proposition in combining investing education with social streaming, it faces competition from established platforms such as Twitch and other emerging platforms in the investment education space. These competitors may have larger user bases, greater resources for marketing and development, and stronger brand recognition, posing a challenge for TradeCaster to differentiate itself and capture market share.

πŸ’° Asking Price: $300,000

A collection of local newsletters in 30 cities ranging between 3k and 12k subs they want to sell. There are 115k active subs combined.

Type: Content

βœ… Key Highlights

  • $38,000 in revenue last month

  • $8,000 in profit last month

  • Subscriber: 115k

  • Open rate: 4.88%

  • Click rate: 4.88%

  • 95% Profit Margins

  • Email list of 4000+ subscribers

A collection of 30 local newsletters in various cities, boasting a total of 115,000 active subscribers, is up for sale. With an impressive open rate of 54% and a click rate of 4.88%, these newsletters have demonstrated strong engagement among their audience. Monetization is achieved through Sparkloop Coregistration, generating a profit margin of about 2x. Despite having no paying subscribers, the newsletters have shown consistent revenue of $38,000 per month over the last six months, with expenses averaging $30,000 and a monthly profit of $8,000.

The newsletters operate on a weekly frequency, with an average of 1 hour spent per issue and 1,500 words per newsletter. New subscribers are acquired at a rate of 6,000 per month primarily through Facebook Ads, targeting an audience demographic of 90% aged 55 or older, predominantly female. While the founder's consulting company is more profitable, the newsletters remain profitable but are now available for acquisition.

Opportunities for growth include scaling up Facebook Ads spending to increase subscriber acquisition, albeit with caution as Sparkloop may not favor these newsletters.

Additionally, managing writers, proofreading content, and monitoring recommendations from Sparkloop are essential actions to keep the newsletters operational post-sale. The sale includes domains, social media accounts, warmed Facebook Pixels, and support from the founder, including trained freelancers and ad management assistance for 3-6 months post-sale..

🀌🏼 Learnings Of The Week

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  • ☁️ SaaS - 3 listings

  • πŸ›’ eCommerce - 2 listings

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