The business, established in 2014, sells extensions for a popular open-source CMS, enhancing its functionality for over 15 million users. With a focus on design and ease of use, the company has gained positive customer reviews. Revenue is derived solely from 13 Joomla extensions, sold via subscriptions that provide file access and support. The business generated gross revenue of about $50,000 over the past year, yielding a net profit of approximately $46,000. The sale includes the business domain, social media accounts, a considerable mailing list, and all intellectual property rights. Current operations demand 7 weekly hours, mainly for support, and development skills are necessary for product expansion.
Growth opportunities include utilizing advertising to attract more customers, expanding product offerings, and adapting products for other platforms like WordPress. Key details include a mailing list with 6,000 subscribers, customer data accessibility, and the ability to transfer all revenue streams to a new owner. Customer support requires web development skills; however, freelancers can undertake this role. The website, running on Joomla, requires no frequent updates, minimizing overhead. Competition exists, but the business holds an edge through superior design integration and unique functionalities.
The business incurs minimal expenses, primarily for mailing services and payment gateway fees, and its products have a high conversion rate. The potential for growth is vast, given the large Joomla user base and possibilities in entering new markets like WordPress. A future owner will receive transition support, as well as introductions for further product development, highlighting the business's strong foundation and prospects.