Back to Listings App - Astrology & Psychic Services PaaS - $417K gross/mo

Asking Price : $3,573,000

Annual Gross Revenue : $5,005,000

Annual Net Profit : $1,067,000

Profit Multiple : x3.35

Inventory Value: N/A

R-Index : 115

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From the Broker

Main Benefits

  • Diversified portfolio of iOS and Android Apps in the lucrative psychic services niche
  • Clear market fit with over 1.47 million lifetime installs and over $5 million in annual revenues
  • Steady revenue growth with earnings reaching a c.74% CAGR over 2014 to 2018
  • Stellar product reviews with App ratings of over 4 stars across six different Apps
  • Well-trained team consisting of 13 members capable of running the day-to-day

Description

For sale is a portfolio of Apps in the astrology and psychic services niche with over 1.4 million installs.

Launched in 2015, the business has climbed in user popularity by providing six effective mobile applications for over 18,000 professional psychics to connect with high value consumers. With a diversified service offering, rigorous screening process, and stellar user reviews, the Apps have reached critical mass, creating a competitive advantage and successfully differentiating the business from competitors.

Over the past four years, the business has secured a firm foothold in the highly profitable market for psychic services. With the psychic services industry generating c.$2 billion in annual revenues in 2018, the business stands at the forefront of this lucrative market, poised to continue capturing market share.

The owners built the business with scale in mind, automating much of the day-to-day operations. With a focus on process and end-user experience, the Apps have secured stellar reviews from thousands of satisfied users while generating plenty of cash flow to invest in growth.

The business presents a unique opportunity for a new owner to take over a well-built and diversified portfolio of market-leading applications with clear synergies in a growing niche.

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Listed By


Sale Pending: No

First Seen: Fri, Jul 19th 2019

Last Updated: Wed, Oct 2nd 2019


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