Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 324,123
Price
$ 650,000
Cashflow
$ 247,780
Category
Internet
Year Established
N/A
Employees
N/A
For sale is an explosive growth app business started in 2013. This business has rapidly expanded into a portfolio with over 500 apps primarily in the most sought after gaming niche with a few apps in other categories that include Music, Food & Drink, Health & Fitness, Photo & Video, Entertainment, Sports, and Social Networking to span 8 categories in the app store.
It has accumulated over 10MM downloads and averages approximately 881,200 downloads per month. This business gets between 25K to 50K new users every day and has done $324,123 in revenue through March 2014 with only $75,315 in development costs and has produced $247,780 in profit. Revenue is generated through Revmob, Chartboost, Apple, Applovin, and Playhaven and is all verifiable.
There is nothing complex about this business. It's simple, effective, and designed to perform in getting downloads and making money. It requires little attention to run and the secret to the explosive success really comes down to a few fundamental and simple aspects of the business.
The owner has been in the app space for a few years and understands the importance of perfecting the key components that drive downloads and revenue. This knowledge will be passed onto the new owner. (Full details in Prospectus)
Highlights of The Business:
o Over 500 apps (app store real estate)
o Built on the fundamental principles for all success in any app business
o Extremely simple to run and expand
o Builds on trending apps (super easy to create new apps by modeling other successful and trending apps)
Market Conditions & Competition
Growth Potential:
o If the owner keeps this portfolio, his plan is to train a great team to handle all of the keywords and focus on games & gameplay to see if there needs to be any tweaks. This will allow him (or the new owner) to focus on apps individually. Focusing individually will give the apps opportunities to grow exponentially.
o Another rapid growth opportunity is in that there are 500 apps at the owners dispense to make as many tweaks to as they want. They won't have to wait as long as uploading new apps since that new app review process takes longer.
o (MORE DETAILS IN PROSPECTUS)
Financial Summary
N/A
Training & Support
Support for this business is extremely minimal. Owner is flexible with training and transition terms.
Reason for Selling
"I'm a serial entrepreneur and have too many projects going on right now to give this portfolio the love it wants. I love the residual income it gives off but I know they should be bringing in a lot more money and want to see someone grow the portfolio. If we can find a motivated buyer they could turn this portfolio into making 10X what it made last year."