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- #15 - Startups for sale: Bloom bras & the fastest growing Canadian ticketing platform
#15 - Startups for sale: Bloom bras & the fastest growing Canadian ticketing platform
π Hey builders!
Welcome to all the new people who have joined last week!
Here are 3 new deals we found this week for you to check out.
Letβs explore!
π Startup Spotlight
Discover profitable startups and side-projects.
#1. Bloom Bras (πΈ $9K in MRR)
π° Asking Price: $300,000
Size-inclusive line of sports bras for all shapes, sizes, & stages with $200,000 in TTM revenue
Type: eCom
β Key Highlights
$200,000 in TTM revenue
$114,000 in TTM profit
$9,000 in revenue last month
$3,000 in profit last month
π Growth Opportunities
Digital Marketing: The brand is profitable on paid ads and has opportunity to scale. Weβd double down on launching more video creatives that resonate with the current audience to help scale the ads.
Product Drops: Release new colours and skus that help with maintaining returning customer rate. Providing this drops will help keep customers engaged and buying back into the brand.
π© Cons
Dependent on Paid Ads: The business heavily relies on marketing channels such as paid ads for customer acquisition. New owner would have to introduce organic channels and build a retention flow to not rely solely on paid channels.
π° Asking Price: $500,000
Horse tack, equestrian supplies & equipment for day-to-day stable needs
Type: eCom
β Key Highlights
$189,000 in TTM revenue
$16,000 in revenue last month
π Growth Opportunities
SEO: By leveraging search engine optimization (SEO) and content marketing, the business can expand its reach, attract a larger customer base, and drive more sales.
π© Cons
High Valuation: Valuation seems quite high in our opinion. For a SaaS thatβs dependent on one ecosystem + one platform itβs quite risky to purchase this business based on the current valuation.
π° Asking Price: $370,000
Canada's first student ticketing platform / $5m in lifetime Sales / 70k + Registered users
Type: SaaS
β Key Highlights
$152,000 in TTM revenue
$116,000 in TTM profit
$28,500 in revenue last month
$2,000 in profit last month
π Growth Opportunities
Campus Ambassadors and Local Presence: To further grow the platform's user base and increase its visibility within universities, implementing a campus ambassador program can be beneficial. Campus ambassadors can act as brand representatives and promoters at universities, fostering local relationships, and driving adoption of the ticketing platform. By leveraging the influence and networks of student ambassadors, the platform can gain traction among students and event organizers, leading to increased ticket sales and revenue.
π© Cons
Profit Margins: Profit margins seem quite confusing when reviewing the numbers on the listing. It seems that based on the Acquire listing thereβs only 10% profit margins month over month. As the new owner Iβd dive into the numbers and where majority of the expenses are going for the business.
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