This listing is for an app created in June 2017 in the social & networking niche. The free-to-download iOS app allows users a way to easily coordinate with friends. The business earns revenue from users subscribing to the app for the full version. With an outsourced development agency in place to work on the app, there is minimal work required from the Seller.
The app is ranked highly for multiple popular keywords on the iOS App Store and has over 3k reviews with an average rating of 4.4 out of 5 stars. As mentioned, there is a development agency working on the app as needed. Updates are usually done two to three times per month and the team is looking to continue working with the Buyer.
The business has not done any paid marketing, so all traffic comes organically. Included in the sale is a branded website with information about the app. The site links to the app's listing on the App Store where visitors can download it. Also included are custom-built Apple Watch, iMessage and iPad versions of the app.
* We've decided to use a 11-month average of net profit for the valuation because we felt that a 12-month average did not accurately represent the current state of the business.
Average Monthly Revenue: $37,922
Average Monthly Expenses: $1,100
Average Monthly Net Profit: $36,822
* We are using the last 11 months to determine the averages.
Assets Included in Sale
Included in the sale of this business are:
Due to the development team in place, the Seller doesn't work on the business much. The team handles development, designs, and project management.
Reason for Sale
The Seller is looking to focus on other projects.
Sale Pending: No
First Seen: Mon, Dec 3rd 2018
Last Updated: Wed, Dec 5th 2018