Relocatable smart-monitoring device business

BizGeno summary

An ecommerce business selling connected devices for outage, leak, temperature, and connectivity monitoring. The cash-flow margin is striking, while post-close source-code access, technical support, platform security, supplier concentration, and recurring revenue are the key diligence areas.

What stands out

• The seller reports $500,000 in revenue and $289,000 in SDE.
• Inventory of $80,000 is described as included.
• Source code is not available for review until closing under the stated process.

Questions worth asking

1. How can a buyer complete technical diligence before closing?
2. What revenue is recurring subscription income?
3. Who owns all code, firmware, domains, and customer data?
4. How concentrated are suppliers and product SKUs?