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Industry Leading Messaging App
Location: United States
Industry: Technology – Internet Related > Web Design and Software Development




Business Summary

Available for acquisition is a top messaging app for users on Instagram with rapid growth over the last seven months. It is designed to give Instagram users an opportunity to receive candid, anonymous messages or reviews from their followers and friends. App is available on both iOS and Android.

The business profitable, generating recurring revenue of over $15 million annually. It was the fastest app ever to reach 75M downloads, going #1 on the App Store in more than 50 countries. It dominates the market for anonymous Q&A and has overtaken all other apps because of several factors including network density and the brand.

The app's growth coincides with the development of AI models that have made it possible to properly moderate user-generated content. It has seen 500 million messages sent with zero severe bullying incidents.

Highlights & Key Assets:
o #1 on the App Store in 60+ countries
o 75,000,000 Downloads – fastest app to reach 75M downloads, ever
o $15 mm ARR with $0 marketing spend
o Strong team – 15 years' experience, 20+ apps shipped, 100M total downloads, #1 in 100+ countries
o 50 billion story impressions
o Instagram link sharing – creates powerful network effects and viral growth
o Final mover advantage – stands to be final, permanent leader in its category
o Download machine - website alone can drive 20K downloads/day for other apps
o Combined with a pre-order strategy, it can take any app to #1 on the App Store
o Users can be funneled to other apps that have higher LTV per customer


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   $5,915,495
Cash Flow:   $5,208,427
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  The seller and their team will provide transition assistance and training. They are open to discussing the time period depending on your needs.
Reason For Selling:  The team wants to sell the app and use the funds to pursue other ventures. They think someone else could extract more value from the app and assets.

Photos

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Industry Leading Messaging App Photo 1




Print Listing Id: 700385947
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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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