Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 85,154
Price
$ 200,000
Cashflow
$ 77,716
Category
Service Business
Year Established
N/A
Employees
N/A
For sale are two app portfolios from the same owner. First is a diverse multi-platform, multi-category, Pop Culture app portfolio with a year and a half of history. This company makes mobile applications under the reference, and utility categories on iOS, Android and Amazon platforms.
The apps are tailor made for fans of pop culture; including, popular video games, movies, and more. Users select these apps to enrich their experience with their favorite games. For example, the Minecraft community app that allows users to share their favorite seeds for others to enjoy.
Second is a portfolio with mobile applications under the Entertainment, and Lifestyle categories on iOS, Android and Amazon platforms. These apps are also for fans of video games, movies, and fads. Users select the apps to enrich their experience with their favorite topics.
(SEE PROSPECTUS FOR FULL DETAILS)
With over 1MM downloads across multiple platforms and categories this is a very diversified duo of portfolios.
Highlights:
o Business has been producing passive revenue and steady for a year now with months where the owners haven't done anything, with no drops in revenue.
o Diversified across multiple platforms.
o Key player in the Amazon app marketplace.
o Hit the top 100 in the overall.
o Good working relationship with Amazon. (Amazon frequently promotes the apps in their ad programs)
o With the current app strategy, they only spend about 10 hours a month to maintain, and sometimes grow the portfolio.
o It is a turn-key system that anyone can step into without much expertise.
o Very high quality designs for the app icons and screenshots.
o Work exclusively with one designer who is very cheap, and delivers very fast.
o Niche is expanding, and they are dominating on the Amazon platform.
Market Conditions & Competition
Growth Potential and Strategy:
The recommended growth model would be one of two ways:
1) Bring on a developer and/or designer in an equity position. The only thing stopping this from growing is the inability to make more apps under the budget. Which leads to #2¦
2) Re-invest a higher % each month for making new apps.
You won't run out of app ideas in the template's provided with the business. It comes down to man power to make them, and that either requires an in-house developer/designer or more money each month to re-invest.
Competitive Advantage:
Strong brand that buyers know and respect. They put out higher quality apps than competitors, and have a better relationship with Amazon, meaning premium placement in the store.
Financial Summary
N/A
Training & Support
Seller will provide support and training as needed depending on buyers needs.
Reason for Selling
Owner embarked on a two year challenge to financially retire his mom. He wants to help his mom with a down payment on a house and send her on a world trip with the profit from the sale.