AI Contract Builder Tool

Web app
Contract creation tool for small businesses to personalize legal documents using AI
Published on
October 15, 2024
Main Metrics
$650
ARR
60
Customers
2023
Launched

$50,000

Asking Price
Already Sold
Main Metrics
$650
ARR
60
Customers
2023
Launched

Overview

<p>We're listing a personalized contract generator powered by AI. Built from thousands of legal documents, small businesses use us for documents like NDAs, Services Agreements, Independent Contractor Agreements. Self sufficient (except live chat which can be replaced by a FAQ).<br><br>The business needs a capital injection to start a profitable paid acquisition strategy for a SaaS model. We arrived at 30k (~1.5x ARR) assuming $35 renewal price and 10% M/M retention. At 55 just monthly subscribers, you have a &gt;20k annualized ARR business. Competition has ubiquitous pricing models proving viability, relying heavily on GoogleAds/SEO. Small features like account, eSignature, etc. are low hanging fruit.</p><p>Currently charging a flat contract price and earning ~$100/month on pure inbound traffic. Expenses are only $50/month.</p><p>No marketing/social done to date minus SEO. But, we are featured in AI-aggregators, a national publication, and received partnerships inquiries we simply can't manage.<br><br>This was a side project for most of the group. Everyone is either more interested in pursuing their own new ventures full time, or more focused on full-time employment.</p><br><br/> ✅ $650 in ARR ✅ 60 customers ✅ Business model: One-time payments ✅ Built with React, TypeScript, PostgreSQL

$650

Annual Revenue

60

Number of Customers

Expenses

$30 in hosting, $25\/month in chat widget.

Business Model

Price per contract (easily can be SaaS).

Target Audience

Small businesses (construction, designers, freelancers use us most).

Asking Price Reasoning

Path to asking price and small MRR is very clear, we have the active customer base they are just not offered a SaaS option. Table-stakes features are clear, and 7k profit can be made year 1 with instructions listed in the description.

Reason for Selling

This was a side project for most of the group. Everyone is either more interested in pursuing their own new ventures full time, or more focused on full-time employment.

Growth Opportunity

See description, but a few features (sign in, saved docs, esignature) and converting to SaaS along with paid ads would drive up revenue. 0 marketing so far in all other channels.

30 days free support from seller

Competitors

Rocket Laywer, Local Lawyers, LegalZoom, LegalTemplates.

Tech Stack

TypeScript, PostgreSQL, React.

Traffic Metrics

Revenue Metrics

How it works

Main Metrics
$650
ARR
60
Customers
2023
Launched

$20,000

Asking Price
Already Sold
Founder Details
Read the story
Main Metrics
$650
ARR
60
Customers
2023
Launched