Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 120,557
Price
$ 240,000
Cashflow
$ 119,027
Category
Internet
Year Established
N/A
Employees
N/A
For sale is a portfolio of apps with a collection of 24 high quality maker games built for a target demographic of kids ages 4-15. The gameplay, code, and graphics are all designed by experts and significantly better than most competitors.
The apps are well positioned in the app store and have collectively amassed 4.7 million downloads 100% organically.
The revenue from the apps comes from both advertisements and In App Purchases. The IAP revenue is significantly higher than similar apps in this niche. All of the games have been in the app store for over 12 months.
Owner fully owns all of the IP and all original source code is available to new buyer. All development work done in house. Development team that built these games is available to work full time on these apps and the owner will make the introduction and hand off the team.
Downloads: 4,765,971 Average Monthly Downloads: In the last 12 months, average: 163k/month User Base: 3.9 million
(SEE PROSPECTUS FOR FULL DETAILS)
Highlights:
- Desirable niche, difficult to break into with new, unestablished apps.
- These are established games with a proven track record in the app store.
- High quality Code and Graphics.
- Consistent downloads over long periods of time.
- High potential for increased revenue with upkeep and maintenance.
- Significant cross promotional value.
- High quality meta data and titles with significant organic traffic.
Market Conditions & Competition
Growth Potential and Strategy:
o Release more updates to the apps and provide additional content (content is #1 IAP).
o Test other monetization sources. Owner has not had time to focus on this.
o Develop additional games based on this code.
o Look for licenses and content partners for new apps.
o Sell or license code.
Financial Summary
N/A
Training & Support
Seller will provide training transition and support depending on buyers needs. Having spoken at many industry events the owner has been offered pretty significant amounts of money per hour to help people out with their games. Depending on the new owners needs he can provide additional consulting services.
Reason for Selling
Seller is very busy with his new company. The apps for this portfolio have a lot of potential, the owner just doesn't have the time to work on them. Additionally, he'd rather have more capital now (specifically to invest in his new startup) rather than collect the monthly revenue from it.
NOTE: Owner must have a fair but very specific non-compete as he continues to work in the kids game niche with his new company. His new business is a different in that it is more of a brand building play, doing a licensing deal with a toy brand and growing out a team of people.