Back to Listings Rapidly Growing App in the Social Network Niche

Asking Price : $10,000,000

Annual Gross Revenue : Unknown

Annual Net Profit : Unknown

Profit Multiple : N/A

Inventory Value: N/A

R-Index : N/A

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From the Broker

Social Network App - #2 App in its space!

Business Opportunity:

This company has built a foundation destined for huge success with a strong brand name, high caliber intellectual property and its data. The business valuation is not based on historical cash flows but on industry comps that are commensurate with the caliber of its innovative proprietary technology and on its growth potential. It is the #2 App in its niche.....the #1 App in this niche is valued at $1.2 Billion! With its success to-date, this brand is ready to scale to reach its full potential offering huge growth opportunity.

Highlights:

  • 6.3M Apple App Store Views
  • 220,000 Downloads
  • 131,000 Completed Profiles
  • 120+ Countries
  • 2,100,000 Activities Selected
  • 12,000,000 Introductions
  • 46,000 Friendships
  • 800 Events
  • Featured in Cosmopolitan Magazine
  • Highly Visible in Search Results

Valuation:

  • $50/user which is in line with evaluations of other companies in the industry
  • Currently a cash flow positive independent business
  • Ability to reach over $100,000/ month in revenue in next 12 months based on implementing low hanging fruit growth strategies
  • Already established as one of the leading tools in its space
  • Great visibility in search results both in Google and App Store
  • The #1 app in this category is valued at $1.2B and only has 10X more subscribers
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Listed By


Sale Pending: No

First Seen: Wed, Jun 5th 2019

Last Updated: Sat, Oct 12th 2019


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