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Rapidly Growing B2C Social Networking App For Sale

Los Angeles, California - South, US
Asking Price:
$4,000,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Overview

This app solves the problem individuals experience when trying to expand their network of friends. Sellers produced an app that allows users to connect easily, as friends, based on user criteria. The app has quickly gained popularity and is now #2 in its niche, the #1 app in this space is currently valued at over 1B. The current cash flow is positive and asking price is reflective of the industry average of $50/user (200k existing users).

Ideal New Owner

1. Entrepreneur looking for a great opportunity with a proven concept to take it to the next level
2. Company looking to absorb and grow the app, community, or data

Growth and Expansion Opportunities

Owners feel there is an ability to reach over $100,000/ month in revenue in next 12 months based on low hanging fruit strategies:

1. Price increase from $6/ month to $18.00/ month based on competitors
2. Ads within could double revenue
3. Android version could reach 3x users
4. Better SEO could dramatically increase downloads
5. Adding new languages could reach 3x users

For more information; please register and complete the Non-Disclosure Agreemen.

Steve Lukes, Business Broker Lic#: 02092334

Business Operation

Reasons for selling:

Owner dilution and other projects

Years established:
4

Other Information

Support & training:

Seller will train

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