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Plug in Useful

Featured
E-commercesubscription 2020

Family of utility apps for Shopify merchants, image optimization, page builders, checkout customizations.

Portfolio of small Shopify apps built and grown by Daniel Sim. Sold to SureSwift Capital who continues operating them.

Financial Data

Asking Price
Undisclosed
Sale Price
$400,000 USD
Monthly Revenue (MRR)
$12.0K/mo
Annual Revenue (ARR)
$144,000/yr
Monthly Profit
N/A
Profit Multiple
2.8×
Revenue Multiple
2.8×

Exit Analysis

Plug in Useful changed hands at a 2.8× profit multiple, right around the 2.5× median of the 105 deals in this database that disclosed both price and profit. A multiple in the median range is what the market pays for a steady business with no red flags and no standout premium either.

The $400,000 sale price puts it in the top quarter of the 623 deals with a disclosed price here, where the median is $21,000. Most indie acquisitions cluster well under the headline numbers founders read about, which is exactly why a real distribution is more useful than an average.

This database tracks 117 E-commerce exits, and the ones that disclosed a price sold at a median of $125,000. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.

From founding to sale took 5.0 years. Time to exit is a decent proxy for how built-to-sell a business was: shorter, cleaner processes usually mean documented operations and fewer surprises in due diligence.

See how this compares across the market on our market stats page, or browse more E-commerce exits.

Exit Timeline

Founded
2015
Exit Date
June 2020
Platform
private

Tech Stack

ShopifyRuby

Founder

D
Daniel Sim

Lessons Learned

Selling a portfolio of small apps as a bundle is easier than selling them individually. SureSwift specializes in acquiring these bundles from solo founders ready to move on.
Source
Press