$33.8K Per Month App Site in the Technology Niche

Wilmington, DE (New Castle County) (Relocatable)

Seller Financing Available
$33.8K Per Month App Site in the Technology Niche
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Asking Price: $982,230

Cash Flow: $32,741

Gross Revenue: $33,841

EBITDA: N/A

FF&E: N/A

Inventory: $0

Real Estate: N/A

Established: 2017

$33.8K Per Month App Site in the Technology Niche

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Business Description

This listing is for an app created in June 2017 in the social & networking niche. The free-to-download iOS app allows users a way to easily coordinate with friends. The business earns revenue from users subscribing to the app for the full version. With an outsourced development agency in place to work on the app, there is minimal work required from the Seller.
The app is ranked highly for multiple popular keywords on the iOS App Store and has over 3k reviews with an average rating of 4.4 out of 5 stars.  As mentioned, there is a development agency working on the app as needed. Updates are usually done two to three times per month and the team is looking to continue working with the Buyer.
The business has not done any paid marketing, so all traffic comes organically. Included in the sale is a branded website with information about the app. The site links to the app's listing on the App Store where visitors can download it.  Also included are custom-built Apple Watch, iMessage and iPad versions of the app.
* We’ve decided to use a 11-month average of net profit for the valuation because we felt that a 12-month average did not accurately represent the current state of the business.

Detailed Information

Location:
Wilmington, DE
Real Estate:
Owned
Building SF:
N/A
Employees:
1
Facilities:
App, including all code and listing information Domain and all site content/files (Home Based)
Growth & Expansion:
Marketing the app Building an Android version Continue adding content to the app
Financing:
Seller may be open to seller financing.
Support & Training:
The Seller is willing to provide as much support as is needed to ensure a smooth transition.
Reason for Selling:
The Seller is looking to focus on other projects.
Home-Based:
This business is Home-Based
Business Website:
http://https://empireflippers.com/listing/45386
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Empire Flippers

Business Listed By:
Justin Cooke

Empire Flippers

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