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SELLER GUIDE
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Another Android App Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Asia
Seller Location
United States
Buyer Location
United Kingdom
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Android App

Currency:

Android App | Business

Verified Listing
4.1
| 4.27K Google Play reviews
A unique and highly profitable OCR Android app with a monthly $600 profit and $890 in revenue. Acquiring 35,000 installs per month, the total has 300K+ installs
Business Location
App Age
4 years
Monthly Profit
USD $373 /mo
App Installs
100K+
Profit Margin
63%
Store Price
Free
Profit Multiple
3.7x
Revenue Multiple
2.3x
About the Business

Released in June 2022, a handwriting-to-text converter app developed in Java via Android Studio allows users to capture an image of handwritten notes and convert them to plain text. This text can subsequently be copied, shared, or saved as a text or PDF file. The app streamlines the normally tedious process of manually typing documents, proving capable of scanning documents, books, notes, and images, delivering digital text instantly. Noteworthy features of the app include its ability to scan both handwritten and printed documents, organic acquisition of users, and a significant portion of revenue being generated through in-app purchases. It has achieved high visibility on Google Play, largely due to localization efforts in over ten languages, contributing to substantial organic downloads. The app maintains a wide user base across several countries, including India, Russia, Mexico, Ethiopia, and the United States, with a total of 305,000 installs and 67,000 active devices. In terms of financials, the app generates revenue from both in-app purchases and advertising, notably with 522 USD earned from purchases and 368 USD from advertisements in the previous month, totaling 890 USD. A high proportion of purchases originate from the United States, India, and the United Kingdom. The app requires a primary cost for the Google Cloud API based on usage. It boasts a healthy profit margin of around 65% and requires minimal ongoing maintenance post-initial setup of AdMob and Google Cloud API connections.
Data Verified Listing
This business has connected the following data integrations:
  1. Google AdMob

About the seller
Sheikh Hasib Akter
Envobyte LLC
United States
Mobile app development company mainly focused on the Android platform.
Verification Complete
Email address
Phone number
Government ID

100.0% positive feedback

11 transactions totalling USD $112,749

Payment Methods
Escrow.com
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