M

MicroAngel Portfolio

SaaSsubscription 2024

Portfolio of 6 micro-SaaS apps acquired and grown by solo operator Pascal Levy-Garboua.

Solo founder strategy of buying small SaaS products on Acquire.com and operating them as a portfolio. Grew combined MRR to $120K across remaining 3 products.

Financial Data

Asking Price
Undisclosed
Sale Price
$200,000 USD
Monthly Revenue (MRR)
$8.0K/mo
Annual Revenue (ARR)
$96,000/yr
Monthly Profit
N/A
Profit Multiple
2.1×
Revenue Multiple
2.1×

Exit Analysis

MicroAngel Portfolio changed hands at a 2.1× profit multiple, below the 2.5× median of the 105 deals in this database that disclosed both price and profit. Multiples below the median usually point to risk the buyer priced in: churn, dependence on a single channel or a business that still needed its founder.

The $200,000 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 362 SaaS exits, and the ones that disclosed a price sold at a median of $20,000. 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. The deal closed through acquire.com, one of 169 exits in this database that went the same route. 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 SaaS exits.

Exit Timeline

Founded
2019
Exit Date
June 2024
Platform
acquire.com

Tech Stack

various

Founder

P
Pascal Levy-Garboua

Lessons Learned

Acquiring tired micro-SaaS at 2-3x earnings then optimizing can produce better returns than building from scratch. Pascal acquired 6 products, killed 1, sold 2, kept 3.
Source
Indie Hackers