Subscription Platform for Physical Products – €1.0M Revenue, 85% Recurring, 92% Gross Margin

Overview

The platform is headless and API-first. It handles the parts of a physical-product subscription that billing tools for software do not: credit checks at checkout, asset tracking, returns and collections.

Recurring revenue grew from €310K in 2023 to about €865K in 2025, and gross margin went from 61% to 92% in the same period. A self-serve app on a major e-commerce marketplace, launched in Q1 2026, adds a second, lower-cost sales channel.

Listing Details

• Subscription management

  Creation, change, swap, buyout, pause and cancellation, with multi-currency and multi-tax handling and customer self-service portals.

• Credit checks at checkout

  Identity checks and credit scores from credit bureaus, so a brand approves or declines an order before a high-value item ships.

• Dunning and collections

  Payment reminders that move into collection work through an embedded pan-European collections partner.

• Asset tracking

  Each physical unit tracked through rental, return, refurbishment and redeployment, with use and revenue per asset.

• Commerce and payment integrations

  Native connections to major e-commerce platforms and payment providers, plus headless API builds.

• Self-serve marketplace app

  Most of the core platform in a self-onboarding format for smaller brands, with an upgrade path to the full platform.

Highlights

• Recurring revenue up about 2.8 times in two years, from €310K in 2023 to about €865K in 2025
• 53 active customers in 15 countries, about 90% in Europe; top 5 about 27% of recurring revenue
• Contract terms of 12 to 60 months; anchor enterprise agreements run 36, 48 or 60 months
• About 1% usage commission on subscription volume, on top of the monthly license
• A 10-person team with 2.5 to 6 years of tenure; both founders willing to stay through a transition
• Single legal entity; convertible notes only, no preferred stock

Who should own this

• A commerce infrastructure platform

  Adds product subscriptions as a ready capability across its existing merchant base.

• A subscription commerce company

  Moves from digital-only subscriptions into physical products.

• A bank, payments or asset finance firm

  Adds a subscription layer over its payments, collections or asset finance flows.

• A European software investor or strategic

  Gains a European B2B SaaS platform in a category with no dominant player.

Listing Terms

• Asking price: open bid, with no fixed price. Livmo reviews qualified offers as they arrive.
• Preferred structure: a full sale. The founders are also open to a growth equity or majority deal with the right strategic partner.
• Consideration: at least about three quarters cash at closing.
• Transition: both founders and the team are willing to stay through and after a transition period.

Questions and answers

Is this business for sale?

Yes. This is an active listing. Request the blind profile with the form on this page.

What is the asking price?

Open bid.

What industry and location is the business in?

B2B SaaS, Europe.

What are the key financials?

€1.0M revenue, 2025; ~€865K recurring revenue, 2025 (85% of revenue); 92% gross margin, January to June 2026.

How do I get the blind profile and the data room?

Fill in the form on this page. Livmo emails you the blind profile and the link to the NDA data room.