Profitable IOS Apps Portfolio

Raleigh, NC (Wake County) (Relocatable)

Profitable IOS Apps Portfolio
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Asking Price: Get Financing: $250,000

Cash Flow: N/A

Gross Revenue: $92,000

EBITDA: $92,000

FF&E: N/A

Inventory: N/A

Established: 2010

Profitable IOS Apps Portfolio

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Business Description

This iOS app portfolio has been responsible for over 12 million downloads worldwide. The lead app is the #1 apps browser in the App Store and has been ranked as one of iLounge's 100 Essential Apps.

The sale is for a total of five apps. All are social media related. Three are ad revenue based with two download revenue based. Three main apps fully updated and are seeing an uptick in revenue production. These apps are truly international having worldwide downloads with a stable user base.

Two of the apps are functional and being actively downloaded, but not currently monetized due to owners time constraints.

Excluding updates the time to manage the business is minimal - 30 minutes per week. App updates are currently done by the owner, but could be outsourced if desired.

The first app was published in 2010. Since that time approximately $500,000 has been invested in the development and enhancement of the apps. The current cost to acquire IOS users is estimated to be approximately $2.00. This adds ~$250,000 of value to the value of intellectual property/code for the largest app alone.

Detailed Information

Employees:
0
Facilities:
100% Virtual Business can be located anywhere with internet access. (Home Based)
Competition:
There are over one million apps available in the iTunes store. This portfolios established profitable track record with large user base differentiates it from pre-revenue app start-ups.
Growth & Expansion:
Two of the apps are fully updated through IOS9.
Financing:
Seller will participate in SBA required financing.
Support & Training:
Seller will provide adequate transition support which is anticipated to be minimal.
Reason for Selling:
Interested in focusing on practice of medicine.
Home-Based:
This business is Home-Based
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Contact the Seller

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Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Business Listed By:
Jeff Snell, CM&AP, M&AMI, LCBI, ABI

ENLIGN Business Brokers

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Memberships & Certifications:
Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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