A music streaming service has developed a successful SaaS platform allowing users to stream music from their own cloud storage to various devices. As of now, the service has over 17,000 global users, with 128 being current premium subscribers, resulting in a net monthly profit of $400 through premium subscriptions. The platform is available without data usage counting against limits on certain mobile network plans in some countries. Established in early 2017, the platform aims to strike a balance between traditional streaming services and personal media streamers by providing a hosted platform without supplying music. Users utilize their music from cloud services like Dropbox, Google Drive, and others. Accessible via a web and Android app, the service collaborates with several third-party apps, extending usability to platforms like iOS and Windows.
Operations are managed by a single individual, focusing on server maintenance and customer inquiries. The business has been consistently profitable, doubling revenue over costs, and requires minimal expenditure for scaling. It generates income from premium subscriptions priced between 4 and 24 EUR and through affiliate income from a cloud storage provider. The owner initiated the business during university to generate income flexibly but is now selling to advance their career. The business, with room for improvements in onboarding and expanding to iOS markets, includes comprehensive sale assets such as domain names, databases, and code. Post-sale support is included to assist new owners.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself, or use our new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More