Listing ID: 77336
Business Overview
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA – visit here: https://pronovapartners.com/engagement/branded-and-trademarked-fantasy-football-app-for-sale/#
On over 250,000+ active devices, the developers of the leading iOS & Android player line app is seeking to transfer their baby to a passionate entrepreneur or a fantasy sports company or sports gaming business. Includes custom-built back-office dashboard, chrome extension, a loyal community of sports enthusiasts that are passionate about their fantasy. Peak performance at over 44,000 Daily Active Users, mainly on maintenance mode now so this opportunity is crying for fresh attention and dedicated resources to the platform and base of loyal users. Very unique story, in 2001 came up with the idea of daily fantasy football contests, even filing a patent in 2003 long before the big boys DraftKings and FanDuel even existed!
Platform provides content aggregation, real time fantasy news and insights, crowdsourced predictions this app is a powerhouse. 71% of the users compete in 1-3 DFS contests every week, with the average user visiting the app at least 3.5x a day. Sale includes the trusted, memorable brand with all trademarks, IP, domains, social profiles, custom-built back-office dashboard, and a highly-rated and innovative, proprietary mobile app for iOS & Android that serves a loyal community of sports enthusiasts.
NDA is required ‘LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Financial
- Asking Price: N/A
- Cash Flow: $15,000
- Gross Revenue: $27,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
No facilities. It’s an app. Portable.
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed to be negotiated.
The Sellers are looking to focus on their core business and see the app thrive
Unique business model.
As stated this has been on maintenance mode for a few years.
Additional Info
The company was started in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nonetheless, the true factor and the one they tell you may be 2 entirely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely important that you not depend absolutely on a vendor's word, yet rather, use the seller's solution together with your overall due diligence. This will paint a more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new consumers? Most times, businesses have repeat customers, which form the core of their everyday earnings. Specific variables such as brand-new competitors sprouting up around the location, roadway building, and also employee turnover can affect repeat clients and also adversely affect future revenues. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the regional average house earnings influence future revenue prospects?
