The business specializes in developing educational applications for iOS and Android devices, operating for about three years. It was acquired approximately two years ago through an online marketplace. The company has gained recognition through mentions in well-regarded sites and academic institutions. The business includes a variety of Apple and Android educational apps, alongside their source code, graphics, associated websites, and social media pages.
Financially, the business generates an average revenue of $800-$1,000 monthly over the past two years, with fluctuations ranging from $300 to $2,300. A temporary loss of revenue occurred when their leading app was removed from app stores due to a transfer issue but it is now resolved. Operational costs are minimal, mainly consisting of hosting and annual developer account fees. Advertising has not been utilized but could present potential growth opportunities.
The sale includes several published applications available across multiple platforms like Apple, Amazon Kindle, Nook, and Google Play, along with one unpublished iOS game requiring updates. Also, included is custom graphics for another game in development stages, and a non-revenue-generating website.
The games utilize specific development tools like GameSalad and xCode. The business is owned by two families who, due to personal commitments, cannot dedicate enough time to it. They aim to pass it on to someone who can nurture its growth further. If bidding expectations aren't met, individual apps might be sold separately as they hold significant value.
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