This 4-year-old web and app development firm is listed at $618K, or 2.2x annual cash flow.

The numbers: $363.7K annual revenue / $281K annual cash flow, a 77.3% cash-flow margin. That margin is unusually high for a development agency, so the add-backs and owner compensation need a close look.

How it works: The firm builds websites, mobile apps, custom software, e-commerce systems, integrations, and AI tools. Revenue comes from one-off development projects plus recurring support agreements, but the listing does not disclose the recurring share or client concentration.

The seller situation: Founded in 2022, the business has four employees and grows mainly through repeat clients and referrals. The listing does not explain the owner’s role, team structure, or whether the developers are employees or contractors, which matters when judging how transferable the reported cash flow is.

Worth asking: What percentage of revenue is recurring, and how does reported profit bridge to the $281K cash flow after owner compensation, contractor costs, and add-backs?