For sale is a growing and scalable App business in the social media niche.
Since its launch in 2017, the App has enjoyed strong product market fit, quickly scaling to c.2,900 monthly active users. Targeting Instagram users on the App Store, the App allows customers to quickly and effectively create Instagram videos longer than 15 seconds. With an intuitive UI, unlimited video length, Facebook upload capabilities, and an early presence in the niche, the App has differentiated itself as a leader in the Instagram video space.
The App's Instagram-first strategy has proven to be highly effective, fuelling growth and creating a large total addressable market to tap into. With Instagram boasting 800 million MAUs and forecast to reach 1 billion MAUs by the end of 2018, the business is primed to capitalize on Instagram's rapid growth and market dominance.
The business itself is simple to operate, requiring only a few hours of owner input per month on customer support and maintenance. With strong margins, a new owner will have plenty of time and cash flow to invest in growth opportunities.
The business presents a great acquisition opportunity for a new owner looking to take over a scalable App business on the rise. With a well-known brand, robust functionality, and an early presence in a lucrative niche, the business is primed for additional growth under a new owner.
* Revenue and profit figures are annualized on a last three-month basis
Sale Pending: No
First Seen: Mon, Jul 9th 2018
Last Updated: Tue, Jul 10th 2018