Looking for a buyer.
Founded in 2008, Project Rocketship is a subscription-based SaaS platform that simplifies album design, online proofing, in-person sales, and print production so photographers can elevate their practices and add revenue streams. The leadership team brings over 15 years of experience in the photoetch industry and 30+ years in leading tech companies. The company is led by the CEO and founder/president, with a nine-person team including the CFO (contractor, fractional), CMO (contractor), software engineers, and customer support staff. The staff is a mix of remote and hybrid work experiences. Rocketship is expected to generate $2.1M in revenue in 2023 – 67% recurring. The company boasts 73.6% gross margins, 45.5% adjusted EBITDA margins, and 6.5K paid subscribers. Rocketship grew revenue YoY by 7% in 2023 and is projected to grow at a 24.9% CAGR over the next five years. The company has identified several near-term growth levers to grow and monetize a loyal customer base including: 1. Strong financial projections driven by sticky recurring revenue and increasing print sales volume. 2. New social design app provides exposure to a new TAM of individual social media creators and SMBs. 3. Global Expansion in 33 countries with a total revenue opportunity of over $5M. Transition Support: The current leadership is fully committed to ensuring a smooth transition with the right buyer. Reason For Selling: Primary owner is looking towards retirement and founder is looking to pursue other business endeavors after transition. *Listed EBITDA is Adjusted EBITDA of $955K

listing type
exclusive representation
Portland, OR, USA
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