Listing ID: 78911
Available for acquisition is a community based forum app with over 200,000 forums worldwide. The mission of this app is to forever change the way users interact with online forums on mobile. App is free and users can upgrade to remove ads for $0.99/month.
With this app users interact with like-minded individuals to develop meaningful conversations on the topics that interest them. Users never have to wait until they get home to upload fun images to their favorite forums. Instant push notifications allow users to never miss out on any updated topics. Users can post easily with unlimited Photo and Video sharing. This app creates a strong community based aspect that keeps users coming back.
NOTE – Financials shown are the run rate based on the last 3 months. Jan21 – Aug 21 was $375K revenue and $155K EBITDA.
Highlights & Key Assets:
o Includes iOS app, Android app, plugins and all source code.
o Single Sign-On (one ID across all sites, web and mobile apps).
o Full support of app and plugins for a TBD transition period.
o Email list and email service.
o 800K+ MAU for the apps.
- Asking Price: $800,000
- Cash Flow: $208,866
- Gross Revenue: $527,416
- EBITDA: $208,866
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The company owners are willing to offer a training period and will work with a new owner to ensure a smooth transition. If desired their team can provide full support of the apps and plugins for a TBD transition period.
Owners are refocusing and moving in a new direction.
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. However, the real reason vs the one they tell you might be 2 totally different things. For instance, they may state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of various other reasons. This is why it is very vital that you not count absolutely on a vendor's word, yet instead, utilize the seller's response in conjunction with your overall due diligence. This will paint a much more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new customers? Many times, operating businesses have repeat clients, which develop the core of their everyday revenues. Specific factors such as brand-new competitors growing up around the location, roadway building, as well as personnel turn over can influence repeat customers and adversely influence future profits. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the chance to construct a returning client base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the regional typical family earnings influence future income prospects?