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68/100· Good Demo Listing

B2B Workflow SaaS for Field Service Teams

Remote, Ontario, Canada SaaS Established 2018 3 employees

Business VerifiedTraffic Verified

Asking price

$980,000

WhatBiz estimated range $889,000 – $1,389,000

Analyze this deal

Business overview

The product serves small field-service companies on monthly and annual plans. Growth has come from organic search and partner referrals. Two contractors handle support and development.

Asking price
$980,000
Revenue (TTM)
$420,000
SDE
$205,000
EBITDA
$198,000
SDE multiple
4.78x
Cash-on-cash (unlevered)
20.9%
Recurring revenue
100.0%
Largest customer
9.0%

WhatBiz Score™ breakdown

Overall 68/100 — Good. Each dimension is scored independently and weighted.

Profitability100

Seller's discretionary earnings are 48.8% of revenue.

Valuation17

Asking price is 4.78× SDE compared with a common small-business range of roughly 2×–4×.

Financial Health68

8 years of operating history with a 47.1% earnings margin.

Growth Potential97

Reported revenue trend of +24% year over year.

Market Outlook74

Category-level demand outlook based on WhatBiz industry model (sample data).

Owner Independence59

Business is described as semi absentee with 3 employees.

Customer Concentration Risk90

Largest customer represents about 9% of revenue.

Financing Potential34

No financing indicated by the seller.

Scalability100

100% of revenue is recurring or contracted.

AI / Technology Disruption Risk45

Estimated exposure to automation and AI substitution in this category.

Valuation context

Comparable SDE multiples of 4.17x – 6.45x for SaaS produce an estimated range of $889,000 – $1,389,000.

  • Recurring revenue: 100% of revenue is recurring or contracted, which buyers pay a premium for.
  • Growth: Revenue growing about 24% supports the upper end of the range.
  • Management in place: A business that runs without daily owner labour is worth more to most buyers.
What's included
  • Codebase and infrastructure
  • Customer subscriptions
  • Documentation and support playbooks
  • Domain and content library
Growth opportunities
  • Introduce annual prepay incentives
  • Add a payments module for transaction revenue
  • Build an integrations marketplace
Reason for sale
Founder is starting a new venture.
Competition
Crowded category, but the product is priced below enterprise incumbents.

What a buyer should check here

Specific questions to raise with the seller for this listing, based on its reported figures.

  1. Confirm the $205,000 in owner earnings

    Ask for three years of tax returns and the add-back schedule line by line. Owner salary and genuine one-off costs are fair add-backs; ongoing vehicle, phone, insurance or family payroll usually are not.

  2. Price is inside the estimated range (4.78x SDE)

    WhatBiz estimates $889,000 – $1,389,000 for a saas business with these figures. Ask the seller which comparable sales support their asking price.

  3. Verify the customer mix is as diversified as reported

    The largest customer is reported at 9.0% of revenue. Ask for a revenue-by-customer report for the last 24 months to confirm it.

  4. Test the 100.0% of recurring revenue

    Ask for the contract or subscription list with start dates, renewal terms, churn over the last two years, and whether agreements are assignable.

  5. Plan for the owner's day-to-day role

    The owner is reported as semi-absentee. Price a replacement salary for the hours they work, and check whether any licence, certification or key relationship is held personally.

  6. Check the 3-person team and payroll

    Request tenure, wages against local market rates, and any certification or licence held by individual staff. Agree stay bonuses for key people before closing, not after.

  7. No seller financing is offered

    You will need to fund the full price with cash and lender debt. Confirm the earnings support debt service before you make an offer — the deal analyzer runs that calculation.

  8. Review the not-applicable premises and the lease

    Check remaining term, renewal options, rent escalations, and whether the landlord will assign the lease to you. A short lease on a location-dependent business is a real risk.

This is demo data provided for product demonstration. Figures are illustrative, are not verified, and are not an offer to sell a business. WhatBiz analysis is educational and is not financial, legal, tax or investment advice.

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