Mobile Phone Monitoring Software Business - Recurring Revenue
Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 3,300,000
Price
$ 4,000,000
Cashflow
$ 2,000,000
Category
Internet
Year Established
N/A
Employees
N/A
Description
For sale is a high growth, high margin consumer subscription cell phone monitoring software that helps parents, employers and partners track, monitor and log the text messages, instant messages, GPS location, emails, phone calls and images of any cell phone that the software is installed on.
The business was established in 2011 and grew through a talented software development team and smart marketing. The product has arguably the most features on the market. Main products are sold on a monthly billing business producing recurring revenue. The business was profitable from day one and has been growing year on year at an average of 600% with net profit in the last 12 months of $2.2 million.
Includes two separate sites that target different niche markets. The main website gets 25,000 unique visitors per day.
There is a full team in place to keep the business going including a marketing team (9 people focused on SEO and 1 designer), development team (4 developers, 2 testers and 1 front end developer) and the customer support team (12 team members).
Market Conditions & Competition
There are some immediate growth methods the owner is already implementing: conversion optimization on the website, ad network retargeting, facebook remarketing, language translations
Other growth areas include:
o Adding Email Capture
o Facebook Ads
o Implementing additional followup and marketing funnels in the existing CRM
o Upsell - adding an upsell version with premium support and extra features
Financial Summary
N/A
Training & Support
Owner is flexible with training and transition terms and is willing to do whatever it takes to make this a successful sale. There is a team of people in place to run the business ongoing.
Reason for Selling
The owner is a serial entrepreneur. He has been running the business for 3.5 years and has decided it is time for something new. He is currently looking at opportunities in Silicon Valley and would like the cash to invest in a larger venture.