Back to Listings #1 Most Downloaded Mobile ID Scanning App - SaaS Subscription Based Platform

Asking Price : $1,095,000

Annual Gross Revenue : $562,477

Annual Net Profit : $246,840

Profit Multiple : x4.44

Inventory Value: -

R-Index : 93

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From the Broker

This target is an industry leading, 7-year established Software as a Service (SaaS) Mobile App Internet Company featuring a growing, recurring subscription base of users, and offering the world’s #1 most downloaded mobile ID scanning and relevant data collecting app for use in entertainment venues and age-restricted establishments of various kinds. This business has even been featured on and endorsed by Jon Taffer’s Bar Rescue series on Spike TV, MillerCoors™, DreamIt Ventures, and Nightclub & Bar’s online news portals

This Tech Company’s user base maintains a very high retention rate and has primary clients that include operators of clubs, stadiums, casinos, dispensaries, vape shops and event operators. This user-friendly data management platform operates entirely through an in-house developed app that dominates all related search terms, both in Google Play and the Apple App Store.

The business has clean books and records, so qualified buyers can purchase this great company using our Lending Partners for as little as 10% DOWN!

Priced affordably on a subscription model offering bankable, recurring revenue and over 750 existing paying subscribers, this app platform not only minimizes the cost and liability of age-restricted venue operation gate keeping, but it tabulates data of all scanned IDs over time – this offers the venue owner/operator the ability to essentially collect comprehensive CRM data in the process, making for a highly valuable data set which will allow for anything from data segmentation and targeted marketing to top line evaluation of pricing, scheduling, SKU mix and so much more.

Consistently achieving year over year growth to date, this unique company enjoys an exceptional average contract value of $800 per sale. Thanks to a highly desirable platform and market niche, the business also boasts a very high repeat buyer ratio / retention rate – making this not only a market leader, but a powerful, scalable platform that is highly coveted in its space. In addition to primary revenue streams, “Subscribed User” data is collated centrally as well – seeing up to 1.3 Million scans a month by all subscribed users, and an email database exceeding 150,000 total opt-ins.

Data opportunities, recurring revenue, and market leadership are high level value propositions pushing this business to be a highly attractive target for bolt on opportunities or for those looking to get into the App Space.

This Mobile App Internet Company Represented by:
Internet & Technology Business Brokers

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Listed By

Sale Pending: No

First Seen: Tue, Apr 10th 2018

Last Updated: Mon, Apr 23rd 2018

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