Listing ID: 78849
For sale is a mobile game that has established a space for itself in the slots category, which is a very high retention and loyal category for gamers given the repetitive nature of this category’s game mechanics. It was launched on iOS and Android in September 2019 and consistently continues to grow on a month-on-month basis since launch in terms of revenues, profits and downloads.
Highlights & Key Assets:
o Minimal time commitment & minimal ongoing investment required
o Ranked in the Top Charts for 30+ countries in Casino games category
o Strong average user ratings of 4.4/5
o Multiple monetization models (IAPs, interstitials, rewarded videos)
o Data backed push notifications campaigns setup to re-target users and plan new feature launches
o Well-paying game category with high advertising eCPMs and strong user intent to spend on IAP
o Established, age-old niche
o Well designed and easy to manage source code
o Product road map updates included
o Built in Unity, which is a very popular cross-platform framework and easy to find developers for
o Integrated with Firebase for data backed decision making
o Well managed ad campaigns, assets and configurations which will also be transferred upon sale
NOTE – Financials shown are current run rate. Trailing 12 Months is $9,760 revenue and $4,808 profit.
- Asking Price: $40,000
- Cash Flow: $12,000
- Gross Revenue: $18,000
- EBITDA: $12,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Current developer is willing to work with a new owner. Sellers will provide training.
The sellers want to focus on developing different apps.
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in profits, or a range of various other factors. This is why it is really vital that you not depend completely on a seller's word, but rather, utilize the seller's response combined with your general due diligence. This will paint a much more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new consumers? Often times, businesses have repeat clients, which develop the core of their day-to-day revenues. Specific elements such as new competition sprouting up around the location, roadway building and construction, and also staff turn over can affect repeat clients as well as adversely influence future revenues. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the neighborhood median household earnings effect future revenue potential?