News & Education, Hobbies

#97290
For Sale
Verified

News & Education, Hobbies

ApplicationSubscription
Listing Price $1,008,564
Multiple 3.7x
Net Profit $272,586
Revenue $348,982
Profit Margin 78%

First Made Money

1st of December, 2023
(2 years 10 months old)

Assets Included in the Sale

  • Google Play Listing
  • App Store Listing
  • Domain
  • Google Ads
  • Data provider
  • Codebase (Apps + Web App + Backend)
  • AWS Infrastructure
Listing Details

This thriving subscription app based business has achieved a remarkable growth recently in the maritime and logistics niche - appealing to both hobbyist and serious users. Currently ranked in the top 3 for pivotal keywords in their niche across both the App Store and Google Play, this business boasts stable organic keyword rankings that have been maintained over the years. The app enjoys a robust base of approximately over 10,000 active paying subscribers, with around 800 new subscriptions monthly on Google Play and 780 on the App Store. While there are yearly, monthly and lifetime plans available, the vast majority of subscribers, around 90%, opt for yearly plans, reflecting a dependable recurring revenue stream. The yearly renewal rates on Google Play are notably high at around 40%, significantly surpassing industry averages for annual subscriptions.

Operational tasks are minimal, primarily involving routine updates and monthly accounting, underscoring the app's low-maintenance nature. The seller is also open to continuing as a programmer, providing an invaluable resource moving forward. Customer acquisition is predominantly organic, supplemented by strategic Google Ads campaigns. This app business offers a highly profitable, scalable opportunity in a niche market with a solid subscription model, low operational demands, and strong organic growth trajectory.

Earnings
Gross Revenue
Net Profit
Last Month
6 Months
12 Months
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Seller Questions & Answers
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Opportunities
  • Improving SEO and expanding the business’s web presence
  • Experimenting with pricing, paywall structure, and onboarding
  • Scaling more aggressively through paid advertising
Risks
  • Fluctuations in rankings can impact traffic to the business.
  • Due to constant changes in technology, competition, and the market as a whole, the software could become irrelevant.
  • Google algorithmic changes could cause traffic to fluctuate.
  • Subscription services require customer service and the ability to stay on top of the subscribers requests.
Work & Skills Required
  • Publishing app updates on Google Play and the App Store every few months
  • Managing monthly accounting
Seller Support Includes

The seller is willing to provide support by email and phone for at least 30 days, with optional paid development support available for a duration to be discussed.

Reason for Sale

The Seller would like to explore other opportunities.

Other Information

Work Required Per Week: 1 Hours

Private Blog Network (PBN): No

Domain Type: .com

Platform: Other

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