13+ year-old SBA-prequalified procurement SaaS with 94% YoY SDE growth, listed at $3.103M. The main thing to know: 83% of revenue comes from affiliate commissions, while software subscriptions make up just 17%.

The numbers: $1.305M annual revenue / $777.7K annual income, a 59.6% margin. That puts the asking price at about 2.4x revenue and 4.0x income. Affiliate revenue grew 92% YoY, while paid plans grew 53%.

How it works: Customers use the software to source products from a major e-commerce platform. The business earns subscription fees plus commissions when customers buy products through the software. Growth has come from organic search and word of mouth, with no paid ads.

The seller situation: The owner has been heavily involved in product development and is selling to spend more time with his family. The team includes five developers, two support reps, an executive assistant, and a consultant.

Worth asking: What drove the recent 94% SDE growth, and how dependent is the business on the affiliate program continuing under its current terms?