SaaS Company Sale Listings

searcher profile

January 13, 2023

by a searcher from Harvard University - Harvard Business School in Lafayette, CA, USA

Has anyone come across any useful online databases/sources with SaaS companies up for sale? So far I have used MicroAcquire, Flippa.

Context: I'm in the early stages of sourcing for a self funded search target, and wanted to exhaust any low hanging to (1) gauge current multiples, (2) scan for interesting niche verticals, (3) have early conversations with sellers.

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commentor profile
Reply by a searcher
from Stanford University in San Francisco, CA, USA
Flippa has mostly FBA deals and MicroAcquire is mostly SaaS listings but the multipliers are crazy high unless you can find a deal that's reasonable on purchase price and the seller actually want to sell. The issue is that if there is a good deal with strong EBIDTA in any of these websites, the brokers have their own multiple family offices or PE firms that are interested on the deal and they increase the multiplier on the purchase price.

Fair to say I have seen kickbacks that has happened between their buyers and the brokers in these website and they swallow the deal before gets to you. Or they let you to beat the price down then at the end the broker gives the deal to their own buddy or family office or PE firms with kickbacks.

Since then I created our own propriety search to get to the business owners directly.
Unless if you are searching for smaller EBIDTA then these websites mentioned by other commenters should do the work for you.

Good luck on your journey my friend.
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Reply by a searcher
from Carnegie Mellon University in San Jose, CA, USA
Assuming you are talking about only SaaS (and not eCommerce, agency, content, etc.), narrow your focus based by the size (affordability) and age. The low range (<$1M rev) are best found on the common sites mentioned here. The lower mid range ($1-$3M) ones on these sites are mostly left overs (high technology debt, aged technology, eroded PMF etc.) and you should be prepared for a turn around. A proprietary search is a better approach to find a worthy one. Mid range ($3-$5M) ones are almost always proprietary. Jameel summarized it nicely. These two groups are almost always vertical SaaS and they are finally coming down to###-###-#### level in terms of EBITDA or ARR multiples. Higher range (>$5M) ones very hard to find even through your own proprietary search unless you are an established PE or a strategic acquirer.
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