Emerging B2C Social Networking App

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Background

BizEx ID:BizEx1269-SL
General Location:Los Angeles, CA
Category: Other Personal Services
Software
Years in Business:4
Under Present Owner:4
Hours of Operation:n/a
Owner Hours:n/a
Training:flexible weeks @ hours
Organization Type:
Lease Expiration:
Lease Options:
Building Size:none
Employees:0
Reason for Sale:Owner dilution and other projects

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:Call
FF&E:N/A
Inventory Included?No
Inventory:N/A
Min. Operating Capital:
Real Estate Available?No
Rent:$0

Description

Overview

This app solves the problem individuals experience when trying to expand their network of friends.  Sellers produced an app that allows users to connect easily, as friends, based on user criteria.  The app has quickly gained popularity and is now #2 in its niche, the #1 app in this space is currently valued at over 1B.  The current cash flow is positive and asking price is reflective of the industry average of $50/user (200k existing users).   

Ideal New Owner

1. Entrepreneur looking for a great opportunity with a proven concept to take it to the next level
2. Company looking to absorb and grow the app, community, or data

 Growth and Expansion Opportunities 

Owners feel there is an ability to reach over $100,000/ month in revenue in next 12 months based on low hanging fruit strategies:

1. Price increase from $6/ month to $18.00/ month based on competitors  
2. Ads within could double revenue
3. Android version could reach 3x users
4. Better SEO could dramatically increase downloads  
5. Adding new languages could reach 3x users

For more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register.

Steve Lukes, Business Broker, (310) 882-2200 ext 164, slukes@bizex.net. Lic#: 02092334 


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: 310-882-2200 X164
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations