The application in question is built on a robust tech foundation using Swift for app development and PHP for backend operations, ensuring optimal performance and scalability. It benefits from steady development support by a contract developer working approximately five hours monthly for maintenance and updates. Demonstrating significant potential, the app reached 20,000 downloads in 2023 with a trial version conversion rate of 5.95%. Historically generating substantial advertising revenue, the app possesses untapped advertising potential, especially concerning app store and social media placements.
Key operational activities include monitoring app performance, addressing customer-reported bugs, and deploying new features or updates. Financially, as of March 2024, the app recorded 20,000 downloads, 56,800 impressions over 90 days, 213 units sold, and $26,400 in proceeds. From February 2023 to December 2023, the app experienced 24,500 impressions, 1,100 units sold, and $189,000 in proceeds. A new search ad campaign was initiated in the Apple App Store with a $500 monthly budget, successfully increasing daily impressions from 100 to 5000.
The current owner has decided to sell the business due to personal health reasons but is committed to offering four weeks of transition support to ensure a seamless transfer of ownership. This post-sale support is provided at no additional cost to the buyer, reinforcing the commitment to a smooth handover.
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 due diligence service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More