Looking for a buyer.
We are actively seeking a complete acquisition of our client, Project Kashmir, a premier SaaS B2B background music streaming solution. Founded in 2000, the Company boasts a comprehensive suite of services including three tiers of streaming options, in-store messaging, and tailored music curation for premium brands aiming to enhance customer engagement. We are targeting a floor valuation of $7M for Project Kashmir. We have conducted thorough QofE analysis and IT due diligence. These efforts are designed to streamline the diligence process for potential buyers, thereby facilitating a more rapid acquisition process. Project Kashmir reported a revenue of $3.1M in 2023, with a remarkable 93% of that being recurring revenue. The Company has diligently cultivated a loyal customer base, achieving a gross location retention rate of 94% and a gross dollar retention of 83% in###-###-#### With projections indicating a reach of $3.5M in Run-Rate ARR by the end of 2024, Project Kashmir serves over 1,000 clients, including establishments in the restaurant, dental & healthcare, residential & hospitality, property management, and personal care sectors. Currently, Kashmir’s platform is operational in over 6,700 locations throughout the United States, Canada, Puerto Rico, and Guam. The Company's ongoing expansion is buoyed by significant macroeconomic tailwinds, as an increasing number of businesses recognize the value of utilizing music to elevate their brand presence and secure a competitive advantage. Transition Support: The current leadership is fully committed to ensuring a smooth transition with the right buyer. Reason For Selling: Primary owners are looking towards retirement.

listing type
exclusive representation
Portland, OR, USA
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