Hey folks I’d really like some advice,
I have an opportunity to buy a saas for roughly $50k…
The service operates as a free service and makes about 10k a year in advertising.
A ball-park estimate of users is 10,000 with maybe half of them being active users. I don’t know how accurate this is yet.
The service is low maintenance and has just been maintained by the developer. It has a lot of potential for premium features that I would
build.
As a software developer, I can easily rebuild this service but the already existing user base is what I’m interested in.
Thing is, $50k is about half of my liquid net worth. This would dip into our 6-month emergency fund. I’ve never purchased a business before, so this is uncharted waters for me.
I was wondering if Reddit had any advice?
Thank you!!
I have an opportunity to buy a saas for roughly $50k…
The service operates as a free service and makes about 10k a year in advertising.
A ball-park estimate of users is 10,000 with maybe half of them being active users. I don’t know how accurate this is yet.
The service is low maintenance and has just been maintained by the developer. It has a lot of potential for premium features that I would
build.
As a software developer, I can easily rebuild this service but the already existing user base is what I’m interested in.
Thing is, $50k is about half of my liquid net worth. This would dip into our 6-month emergency fund. I’ve never purchased a business before, so this is uncharted waters for me.
I was wondering if Reddit had any advice?
Thank you!!