Looking to sell my ramen profitble SaaS side business | Hacker News Reader

Looking to sell my ramen profitble SaaS side business

25 pointsmrhesham32 comments

Hello,

Beginning 2022 I have launched postoptions.app which is a close to realtime US option screener as a side business.

Since then, the service had several paying users reaching 864$ in net revenue.

The business is 100% passive. I had many users requesting new features but I don't have time anymore.

I'm looking to sell it even for a low exit price. It is not incorporated and it uses Stripe as payment processor (verifiable).

Where can I find people willing to buy?

View on HN

I've been looking for ways to invest my (meager) extra cash to generate passive income, however your app is a wee bit outside of my wheelhouse.

That said, I'm probably not the only HN user who would like a small, profitable project. Can you tell us more about the backend, user expectations and what your target price would be?

Here is a compilation of some questions I got:

What is the backend written in? .Net Core (C#) + SqlServer + Laravel (Frontend) - Running on a Linux Hetzner instance

What Hetzner location are you using? Ashburn US

Is the data from Tradier real-time? Are there any limitations to the data? Yes RealTime, the only limitation is the rate limited to 120 api calls per minute

What are the features updates that have been requested? The features requested are mainly adding more filtering properties and adding new complex option strategies to the screener

What's the agreement with tradier? Why are they providing data for free, can they start charging you if you get bigger? Tradier is offering their market data and trading API for free for established platforms, see here https://tradier.com/platforms Their goal is to create an ecosystem of third party vendors.I can easily add the feature to trade options on Tradier.com from within postoptions.app. If I do that Tradier will make money and I make commissions. This is the essence of the agreement.

How many of your users are friends and family? Zero

Who's your main competitor and why are you differentiated? My main competitor will be https://optionsamurai.com/, my product offers realtime screening, theirs has a delay of several minutes. But overall my product has fewer strategies

How did you find your current customers, and couldn't you do more marketing via that method to grow more? Does Tradier also offer an options screener that you're just wrapping, or what's the competitive advantage? How were you able to sign an agreement with Tradier, was there some competitive advantage that allowed you to sign with them that your competitors could not also sign with Tradier or a similar company? Just some thoughts I had.

Sounds like maybe you have 4 users, based on your pricing ($15 per month each). Pretty cool! The jump from 0 to nonzero users to multiple users is huge, really impressive.

The question is how do you think you got those users? What drew them in? Do you have any ideas for expanding? "many users requesting new features" -- is that one of the 4 existing customers or someone else?

Is this monthly revenue or total so far? Recurring? What do you costs look like?

monthly revenue is around 60$ , cost is a stable 20$ for hosting.

> Since then, the service had several paying users reaching 864$ in net revenue.

MRR?

Currently my MRR is 60$

That’s not event close to ramen profitable unless you live in a very very low COL country.

The only cost is 20$ for a linux instance on Hetzner. How is that not profitable ? and I live in the most expensive country in the world. Switzerland

"ramen profitable" is typically understood to mean that you could live off the profits... if you were willing to reduce your lifestyle to just working on it and eating nothing but ramen.

Your app is profitable but not "ramen profitable".

If a business is ramen profitable, it means it's making just enough money for the founders to pay for living expenses

Okay sorry my bad, I misused the expression (now I understand it better thanks)

Well if you take the name literally, it’s enuff to buy ramen for a month to eat a meal a day :)

It will pay for the ramen!

This got me interested, how is it different from barchart? I used their free options screener, but it had limitations.

Hi I might be interested. How can I contact you? My email is on my profile.

hit me on support@postoptions.app

Thank you for sharing. It gives me hope as I work on my own side-saas

Have you done any marketing?

Edit: Your domain doesn’t even load for me…?

try https://www.postoptions.app

No marketing apart from being listed on Tradier.com

What stack are you using please?

.Net Core (C#) + SqlServer for backend and Laravel for the frontend

Considering Laravel is a backend framework, I’d be interested to know more about what this means.

I assume OP has built the frontend/webapp in Laravel (for dasboard, auth etc) and the actual API/Data processing backend in .NET.

How much do you pay for data?

Data is free from Tradier.com, I have signed an agreement with them.

Maybe Flippa.com?

They didn't accept it. The revenue is too small.

what price are you looking to sell for?

how about microacquire

Microacquire requires incorporation

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