Back to Listings Sim Unlocking Business

Asking Price : $50,000

Annual Gross Revenue : $25,922

Annual Net Profit : $20,739

Profit Multiple : x2.41

Inventory Value: N/A

R-Index : 149

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From the Broker

For sale is a sim unlocking business that was started in 2012 and has become one of the top services in the market. The idea originated when the smartphone boom took over. At the same time, different carriers charged different prices but locked the phones purchased to their system. Many times, prices would vary significantly. Thus, the idea to begin a sim unlocking service seemed fruitful and it indeed has been. A professional developer was hired to build 5 API coded sites with a unique easy to use admin back panel. Customers complete the simple to use order form and pay online via PayPal. The business charges a standard fee per unlock. The user enters their phone's imei, carrier and model and pay and then the company processes it.

The business also uses a unique free forum marketing method to be taught to the new owner. They have barely done any marketing; they have created Facebook pages, Google ads and an email list of 1500 past customers which they have barely ever used. These are all included in the sale. They have not had time or the need to focus on any paid marketing as the sites mainly generate revenue organically.

The business is simple to run. They have a fixed set of templates for emails and copy and paste customer responses (included in the sale). They have an online chat which has been optimized for lead generation and to respond to customer queries.

This is a solo owner operated business with about 2 hours of dedicated time per day. This business is perfect for anyone whether it is for full time employment, stay at home or part time employee. The business generates between $1500.00 to $2000.00 USD net income per month and the business's ideal buyer is someone who wishes to generate this income with minimal effort and who wishes to work from anywhere.

Highlights & Key Assets:

o The sale comes with 5 main brands for its unlocking service namely Apple, Samsung, Huawei, LG and HTC with 5 different website domains.

o Strong niche.

o Strong keyword and organic search profile.

o Consistent revenue.

o Easy sales process and no hassle shipping products or managing multiple things.

o Easy to use admin panel for all phones and models.

o Very few competitors in this space.

o Response templates for all queries.

o Email list with 1500 past customers.

o Facebook pages.

o Google ad words template (never used).

o Jivo chat hosting for one year (recently renewed).

o VPN license for 3 years paid for.

o Hosting for 6 months paid for.

o Flippa valuation of USD $50,000.00.

o 50 marketing threads for posting and generating leads.

o Unlock almost any phone and model.

o An evergreen business that isn't going anywhere.

o Zero paid advertising thus it is ripe for growth.

Support/Training:

Full support and training will be provided. This is negotiable depending on your needs.

Reason For Selling:

The owner started this while in college and now owns an eCom business, a gym and other pursuits. His focus has been on new ventures and he was happy for many years to have this business pay for a lot of his monthly expenses. The owner plans to use some of the money from the sale to develop a new online store in the pharmaceutical industry.

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Sale Pending: No

First Seen: Thu, Jan 30th 2020

Last Updated: Fri, Jan 31st 2020


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