Sheet Best

Developer ToolsSubscription SaaS

Service that turned Google Sheets into REST APIs, built as an MVP in a week and doing about $800 MRR a year later. Sold for $35,000 to micro private equity firm Xo.Capital.

Financial Data

Asking Price

Undisclosed

Sale Price

$35,000 USD

Monthly Revenue (MRR)

$800/mo

Annual Revenue (ARR)

$9,600/yr

Monthly Profit

N/A

Profit Multiple

N/A

Revenue Multiple

3.6×

Exit Analysis

Priced against revenue rather than profit, Sheet Best sold at 3.6× annual revenue, above the 2.3× median across the 263 deals with a disclosed revenue multiple. Revenue multiples run higher than profit multiples because they ignore the cost of running the business, so they are only comparable between businesses with similar margins.

The $35,000 sale price puts it in the upper half of the 608 deals with a disclosed price here, where the median is $20,000. 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 210 Developer Tools exits, and the ones that disclosed a price sold at a median of $25,000. 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.

See how this compares across the market on our market stats page, or browse more Developer Tools exits.