Back to Listings Rapidly Growing B2C Social Networking App

Asking Price : $2,500,000

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

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 Agreement at https://www.bizex.net/buy-business/register.

Steve Lukes, Business Broker, (310) 882-2200 ext 164, slukes@bizex.net. Lic#: 02092334

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Listed By


Sale Pending: No

First Seen: Fri, Aug 9th 2019

Last Updated: Fri, Sep 6th 2019


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