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SELLER GUIDE
19 Comments
18,594
Views
509 Watchers
Watch
Another iOS App Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Europe
Seller Location
Ukraine
Buyer Location
Vietnam
Looking to sell a similar business? Or, Browse Similar Businesses
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iOS and Android App

Currency:

iOS App | Education

4.1
| 117 App Store reviews
IOS/Android app. Monthly subscription. Over 4 years of successful work. 60+% regular customers. Net profit of $16,000 per year. Huge monetization potential.
iOS Android Education
Business Location
App Age
7 years
Monthly Profit
USD $580 /mo
Avg. Downloads
160 /mo
Profit Margin
90%
Store Price
Free
Profit Multiple
1.6x
Revenue Multiple
1.4x
About the Business

The app in question is a well-established educational tool designed primarily for university students, offering homework and study assistance. It operates on a freemium model with a Pro version, priced at $9.99 per month, granting access to a comprehensive database for enhanced learning support. The app has a substantial user base, consisting predominantly of university students leveraging it for homework verification and quick solutions during lectures. The simplicity and time-saving aspects are key attractions for users. Despite its growth potential, the app has not engaged in extensive marketing, relying mostly on organic downloads driven by user recommendations and occasional push notifications. Historically, promotional efforts included posts on university chat rooms, which yielded favorable results. The current user community is robust, with a chat room comprising 1,400 potential customers as of August 2023. Financially self-sustaining for the past three years, the app maintains an average of 350–400 Pro subscribers during the academic season, all paying the subscription fee. The app's technology stack consists of Swift for iOS, Java with MVP dagger2 and room for Android, and a Python-Django-PostgreSQL backend, with Firebase for authentication. The sale package includes the comprehensive tech infrastructure, including both iOS and Android apps with source code, server infrastructure, a developer account with a strong reputation, and a client base of 3,700 with email data. Additionally, there's a Telegram community and offers for content and development team support, as well as guidance from the current owner, all of which support continued growth and management post-acquisition.
About the seller
Nikita
Ukraine
Verification Complete
Email address
Phone number
Government ID

1 transaction totalling USD $10,900

Payment Methods
Escrow.com
FlippaPay
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19 Comments
18,594
Views
509 Watchers

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