Declining Mobile App w/Paying Subscribers and Low Workload

Currently Under Offer
  • REVENUE

    $62,370

  • INCOME

    $35,966

  • MULTIPLE

    2.75x

Asking Price: $99,000

Reading Time: < 1 minute

This business was previously sold by Quiet Light in November of 2018. The buyer never updated the iOS application and spent very little time working on the business. He would like to sell the application to a new party that has more resources and desire to grow it. The original list price in 2018 was $285,000. Buyers that can facilitate a very fast and smooth transaction will be given preference.

Launched in 2015, this social media app helps businesses and individuals grow their social media presence across many popular platforms through AI-driven hashtags. The app boasts hundreds of thousands of downloads since launch. It has only been monetized since January of 2017 and as of March 2020 has 589 paying subscribers at an average cost of $6.42 per month. 100% of the revenue comes from the Apple App Store but there is an opportunity to launch a Google Play version of the application for Android users.

The workload is virtually zero. The current owner needed to spend more time developing this application and growing it. Due to other business obligations and the lack of an inhouse React Native developer the project has never received the attention it needs.

The business has a strong angle for both B2C and B2B customers providing a broad market for growth. If you are looking for an opportunity to purchase a low workload app with a great opportunity for a turnaround this business could be an ideal target.

Join the Waiting List

This business is currently under offer and therefore no longer available. Join the waiting list to be notified if it becomes available again

Meet Your Advisor

Brad Wayland

Brad Wayland

Brad Wayland is an entrepreneur who began working in the online space in 2003. He has a wide range of experience operating and marketing online businesses. Brad became friends with Mark the founder of Quiet Light Brokerage in 2015 and it led to him becoming an advisor.

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[523.251,659.255,783.991]