The app in question is tapping into the growing desire of the Gen Z demographic to become content creators, with 57% aspiring to be influencers. It offers a platform where this audience can hone their speaking skills and experience being creators. The app is developed and managed by an independent developer who oversees all aspects, including development for different platforms, content creation, and advertising. It mainly generates revenue through subscriptions on major app stores, complemented by advertising income.
Recently, the developer transitioned to web-based subscriptions, resulting in enhanced retention and a notable 46% boost in profitability due to reduced store fees. In the last twelve months, the app has accomplished impressive financial milestones, including $897k in proceeds and $588k in EBIT. It's been downloaded 1.28 million times across platforms.
The app has shown peak Stripe proceeds of $21.1k and reached an EBIT of $60.9k in the last reported month. March marked a high point with $63.8k in EBIT. A data room offers detailed financial, download, and user data. Future enhancements include gamification for increased user engagement, AI improvements, expanded ad networks, and fostering parasocial relationships to boost retention. There is also demand for multiplayer functionalities.
The founder, who plans to pursue a new venture, is seeking an asset sale at an asking price of $2.1 million but is open to offers. They note that with reduced AI and server costs, and the shift to web subscriptions, a new owner could see significant profitability increases.
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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.
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