The smart home market is booming, and smart lights are an integral part of that. Smart light companies are good at hardware but they lack the software part. This business was started with an aim to develop a generic solution for all possible smart lights. They focused first on one of the leading brands in the smart light industry.
They have since developed a set of smart apps for smart lights in a generic fashion where users can integrate any light vendor with a minimal effort. The business owner released its initial version on October 16, 2017 and has been growing since. The apps are well accepted by users with more than 1,800 reviews, a 4.5 rating and 4K DAU. And the app just received an app of the month award from the lighting manufacturer.
Highlights & Key Assets:
o Luxury smart home market
o Smart light market size is growing day by day
o Consistent revenue
o 8 apps in total and with 2 running websites
o Apps are in auto mode, very little maintenance is required
o High quality codebase with a generic solution mindset
o Easy to integrate other vendors with a minimal effort
o Possibility to partner with smart light vendors
o Possibility to launch your own hardware
o Subscription model is being tested
o Affiliate revenue through Amazon
The owner is open to discussing and offering the needed support.
Reason For Selling:
The owner is a one-man show and is the tech person at the same time. He believes he has brought the product to the maximum level he could and now it is time to let it grow under right leadership and marketing strategy. The owner's next venture is in the coupon market and he needs capital for that.
Sale Pending: No
First Seen: Thu, Apr 11th 2019
Last Updated: Mon, May 13th 2019