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Public space rental SaaS software company in Western Europe for sale
Public space rental SaaS software company for sale
- Revenue: > 2M EUR
- Employees: > 30
- Valuation demands: > 3M EUR
- Location of the Public space rental SaaS software company: Western Europe
- Reason for sale: The owners want to grow the company in Western Europe, therefore are looking to talk to interested investors
- #CFIE ITS133
Overview of the Public space rental SaaS software company in Western Europe for sale
The company for sale is a provider of SaaS solutions dedicated to the management and invoicing (billing) for occupancy of public spaces. The company hires a technical team of 30 people, experts that are dedicated to the development of a state-of-the-art solution. Half of the team is assigned to the development of the platform. It ensures the permanent evolution of the software suite, for an ergonomic solution. The team has a lot of experience and is highly qualified in the domain of activity, due to which the company has always managed to improve its solution in order to be able to offer a product suite that is at the cutting edge of technology and adapted to the technological and regulatory environment of the customers. The business has international growth potential, the software suite responds to the needs of public institutions at international levels. The frequent requests of foreign organizational customers prove this fact. There is a confirmed growth dynamic, for the last 5 years the company registered an increased turnover with a CAGR of nearly 17%, reaching nearly € 2.2m in 2020. The owners of this company are open to discuss with potential buyers that are interested to take the business over and grow it further.
Profile (strategy) of the Public space rental SaaS software company in Western Europe for sale
The company has more than 15 years of experience on the market and it has a powerful and unique modular software which covers all the issues of public domain management. Since its inception, the company has developed remarkable expertise in the management of public space and in community needs. Step by step, it has expanded its solution by developing new features in order to make a complete suite with ten modules. The platform is a robust and efficient tool, ergonomic, interconnected and efficient with features and interfaces that meet all local authorities’ business constraints. It can be easily integrated in the respective technological environment and is specifically made to respond to the user's needs. The new development, modules and functionalities added at the suite take into account the user's requests and regulatory constraints. The product is available in more than 5 languages and has already been sold in various countries.
The solution generates constantly a growing recurring revenue. Between 2016 and 2020, the amount of recurring turnover has been multiplied by 4 to represent nearly 50% of turnover in 2020 (vs 25% in 2016). The company is a strong leader in its market, it has more than 1500 user customers in 2019 (x4 since 2016) and has built a solid and prestigious customer base in its home country and abroad. The software suite has convinced the town halls of large cities in Europe. The customers are loyal due to the completeness of the modules and the relevance of the functionalities, making the churn rate a very low one (2.2% in 2019). In 2019, more than 50% of the turnover was ensured by historical customers, of which more than 25% were already present in 2016. The company has a successful commercial strategy described by the organization of prospecting processes, creation of new support services and training of sales representatives.
Activities and services of the Public space rental SaaS software company in Western Europe for sale
The company for sale delivers a modular software solution for the management of public spaces put for rent. The SaaS solution records recurring revenue.
Highlights of the Public space rental SaaS software company in Western Europe for sale
- The company developed a public space rental software solution
- The solution makes the management of public spaces more efficient
- The company has a good rhythm of growth
- The owners are looking to talk with potential investors or buyers
Information about this Public space rental SaaS software company in Western Europe
Please do get in touch if you are interested in finding more about this Public space rental SaaS software company in Western Europe for sale. If this Public space rental SaaS software company for sale in Western Europe does not fit your requirements feel free to ask for other ITS companies for sale
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Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.