|Profitable IOS Apps Portfolio|
NCListing DetailsOffice ID: APPS1
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $250,000
Gross Revenue: $92,000
Cash Flow: $92,000
12 Month Forecast: $100,000
Forecasted Cash Flow: $100,000
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will participate in financing as required by lender/SBA.
Absentee Owner: Yes
Reason for Sale:Interested in focusing on practice of medicine.
Training:Seller will provide adequate transition support which is anticipated to be minimal.
OperationsYear Established: 2010
Form of Ownership: LLC
Employees (part-time): 1
Business Hours: 24x7x365
Business Description:This iOS app portfolio has been responsible for over 12 million downloads worldwide. The lead app is the #1 apps browser in the App Store and has been ranked as one of iLounge's 100 Essential Apps. The sale is for a total of five apps. All are social media related. Three are ad revenue based with two download revenue based. Three main apps fully updated and are seeing an uptick in revenue production. These apps are truly international having worldwide downloads with a stable user base. Two of the apps are functional and being actively downloaded, but not currently monetized due to owners time constraints. Excluding updates the time to manage the business is minimal - 30 minutes per week. App updates are currently done by the owner, but could be outsourced if desired.
Historical Summary:The first app was published in 2010. Since that time approximately $500,000 has been invested in the development and enhancement of the apps. The current cost to acquire IOS users is estimated to be approximately $2.00. This adds ~$250,000 of value to the value of intellectual property/code for the largest app alone.
Owner Qualifications:If coding is outsourced essentially anyone could be successful with this business.
Competition:There are over one million apps available in the iTunes store. This portfolios established profitable track record with large user base differentiates it from pre-revenue app start-ups.
Potential Growth:Two of the apps are fully updated.
LocationType of Location: Virtual
100% online. Can be run from anywhere.
Last Updated: Feb 29, 2020 / 1:14 PM
Financial Information Current as of: Nov 1, 2014 / 1:49 PM