Location
Contact Person
Eric Owens
Phone
603-595-4957
Annual Revenue
$7302220
Price
More than $1,000,000
Cashflow
$N/A
Category
Internet
Year Established
2008
Employees
6
For sale is a proven app business with a 4 year successful history in a competitive niche that ranks higher than even Apple itself in this niche! Pushing 6,000,000 downloads with 5 top paid apps, 250,000 downloads per month, 800,000 active users, and a 60,000 person email list that is rapidly growing every day, this business is a premium, seasoned business in the ultra hot app space.
The success from this business comes from the meticulous detail put into the content consumption leaving users surprisingly happy, fulfilled, and satisfied with their rich, impressive, and enjoyable experience each and every time they use the apps.
Perhaps the most attractive aspect to this business is the seasoned and dedicated team that has been built and refined over the last 4 years to where now the business runs with very little involvement from the owner. Existing in-house development team will stay on board with a new owner.
This business is already set up as a true lifestyle business, which is what most app businesses strive to become. Or you can leverage the team and existing assets to grow the business.
Market Conditions & Competition
Mobile apps is a huge market and rapidly growing. This business is higher rated than Apple in one of Apple's key revenue streams. This niche market is growing and shows no signs of slowing down.
The biggest growth potential with this business is expansion to the untapped Android and Windows marketplaces. This business has an inside track on Windows 8 for this niche. These 2 additional platforms have the potential to triple the business based on historical numbers.
o All downloads are generated through natural App Store search and ranking, with no marketing, no advertising, no promotion, and no editorial support from Apple.
o Localization - nothing has been done yet to localize the apps for large markets like France, Germany, Japan, and China.
o As the tablet and mini tablet market continues to rapidly expand so does the opportunity for growth as more face time goes to tablets and mini tablets. This business fulfills a critical need, which feeds the demand in an easy, beautiful way. As the tablet and smartphone market grows, this business automatically grows.
o Play for a possible buy out from larger companies that are in this market niche.
o Licensing deals for other content providers to use the library and technology.
Financial Summary
N/A
Training & Support
Seller is committed to an effective transition. The exact amount of transition and training time is negotiable depending on your needs. Co-founder and development team will stay on.
Reason for Selling
The main founder is moving onto on a new business opportunity (the new business is not competitive).
© Copyright, Peter Watson, CEO of BizFlippers.com 2012. Buying or Selling Businesses in the USA. All rights reserved.