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IndieMakerList

SaaS Valuation Calculator

Estimate what a small SaaS sells for from MRR or profit, using real indie acquisition prices and revenue at sale. Includes every disclosed indie exit multiple we track.

Growth over the last 12 months
Monthly churn
Likely sale price range
$133.3K – $187.5K
Midpoint $187.5K · 2.2× to 3.1× ARR
ARR
$60,000
Low
$133,333
Mid
$187,500
High
$187,500

Real indie SaaS sale multiples

4 acquisitions where both the price and the revenue at sale were made public.

All exits →
Disclosed indie SaaS exits with revenue at sale
ProductYearSale priceRevenue at saleARR multiple
Black Magic2023$128K~$14K MRR (~$168K ARR)0.8×
Talknotes2024$200K~$7.5K MRR2.2×
Xnapper2024$150K~$4K/month3.1×
Feather2024$250K~$6K MRR (as reported)3.5×

Median: 2.7× ARR, range 0.8× to 3.5×. These are small, mostly solo-run products. The revenue-basis calculator uses the middle half of these deals as its low-to-high range, then adjusts for growth and churn.

How small SaaS businesses are valued

Small software businesses are usually priced as a multiple of either annual revenue (ARR) or annual profit. Under roughly $1M in revenue, buyers and brokers lean on profit, usually seller's discretionary earnings (SDE): profit plus whatever the owner pays themselves. Brokers commonly quote 3–5× SDE for healthy small online businesses; venture-scale SaaS is a different market priced on revenue growth.

What moves the multiple: growth (a growing product sells for more than a flat one), churn, how much of the revenue depends on the founder, the acquisition channel (SEO and word of mouth are worth more than paid ads), and how clean the books and code are. A product making $5K MRR with 2% churn and steady organic growth can sell for twice as much as one making the same with 10% churn.

Frequently asked questions

How much is my SaaS worth?

Small SaaS usually sells for a multiple of ARR or annual profit. Across 4 disclosed indie exits in our data the median was 2.7× ARR. Growth, churn and founder dependence move it up or down.

What multiple do small SaaS businesses sell for?

In the indie exits we track, between 0.8× and 3.5× ARR. On a profit basis, brokers commonly quote 3–5× seller's discretionary earnings.

Where do indie makers sell their SaaS?

Marketplaces such as Acquire.com, Microns and Flippa, brokers such as FE International and Quiet Light, or directly to a competitor or customer. See our marketplaces page for the full list.

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