Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 45,442
Price
$ 175,000
Cashflow
$ 38,875
Category
Internet
Year Established
N/A
Employees
N/A
This business was established in 2011 to capitalize on the upcoming revolution in mobile computing technology for applications in elementary education. To date, the business has developed an array of software architectures and apps that offer much more than the standard quiz apps. The vision is to take the knowledge, software and branding developed and produce apps that have the full potential to replace textbooks in elementary classrooms around the world while saving billions.
The business is a provider of digital learning applications for grades K-6 and is poised to become the leading publisher of Common Core based, full featured education apps on mobile devices.
The founder has more than 30 years experience in math, science and engineering projects and is also an author with over 3 million books sold.
The company's team includes a lead programmer with more than 10 years experience and a Masters in Software Engineering and a graphic designer with more than 20 years of digital media development experience. Experienced elementary teachers, familiar with the Common Core Standards, create all the content.
The business has produced and released the first 18 apps. These apps, which are all designed and developed in house are among the only apps that fully comply with the Common Core Standards.
Highlights of The Business:
o 18 apps in the Apple App store
o High quality, high value apps that are common core compliant
o Producing consistent recurring revenue
o Immediate opportunity for growth with the existing software architectures
o All the pieces are ready to develop additional full Common Core, K-6 math products and a subsequent significant increase in sales and valuation
o Major limitation is the lack of promotion and marketing to date
o Trademarks included
Market Conditions & Competition
Unlimited potential, as schools and parent buy iPads, there will be a major need for quality, Common Core based apps that are meaningful in the classroom. This business could easily become a leading publisher in this space. The vision is to take the knowledge, software and branding developed to date and produce apps that have the full potential to replace textbooks in elementary classrooms around the world while saving billions. This combined with focused marketing efforts will surely grow revenues rapidly.
The elementary textbook market is a $4 Billion a year market ripe for digital destruction. Mobile devices continue to be adopted by kids and schools and offer a whole new way to learn. Companies that understand this can create great new multi-platform software packages that bring textbooks to life, offer real time teach assignments and student progress tracking. Companies such as Amazon, Sony and others are hungry for good digital content. The owner has been approached by Sony to port the AppTutor apps to their Smart TV platforms.
The format for the product line is complete and merely needs content to expand this line from 9 to about 50 apps. Built out correctly, this business could be sold to a much larger publisher down the road.
Financial Summary
N/A
Training & Support
Seller is willing help new owner and customers through the transition with the right terms and structure. In its current state all of the revenue is passive. Owner is also open to being a part of the company ongoing and in the future if desired.
Reason for Selling
Major family health issue has tapped out the owner and they can't continue to grow it on their own.