One-person Business Sold for Six Figures

About

Xmartclock is an employee time tracking system that helps businesses monitor and manage employee hours efficiently.

The Team

Xmartclock was founded by Fernando Rivero in 2017 and has remained a one-person business since then.

Business Model & Revenue

Xmartclock uses SaaS model, generating revenue through monthly recurring revenue (MRR) from paying customers.

The company was sold to KarbonPay, a payroll tech firm, for more than $250,000. It was generating $7,000 a month at the time of the sale.

• reference: https://theygotacquired.com/saas/xmartclock-acquired-by-karbonpay

Distribution

Local SEO has become the top new traffic source for Xmartclock.

It has some top-ranking keywords for local search terms related to employee tracking systems:

Tech Stack

• Frontend: jQuery
• Backend: PHP