The app, an innovative platform, allows businesses to offer subscription services to customers, like multiple coffees a week for a fixed price, by charging a 5% transaction fee. For businesses, this model guarantees upfront and steady revenue, enhances off-peak profits through multiple subscriptions, boosts upsells, and attracts more customers thereby potentially increasing a café's revenue by up to 25%. Customers benefit by saving money, receiving extra services for less, discovering unique deals, and enjoying payment convenience through a single weekly debit.
The business operates on a Software as a Service (SaaS) model and offers significant potential for growth with its large total addressable market (TAM), targeting cafes, restaurants, and stores globally. Though currently burdened with negligible revenue due to its recent launch and limited user base, the venture boasts a nearly 100% profit margin at scale, given minimal costs beyond web hosting.
The current owner seeks to sell the business, partially or entirely, due to time constraints from a demanding job. Potential buyers receive the completed iOS app and website, developer contact for changes, ongoing support, existing domain and social media accounts, Stripe payment setup, and the opportunity to be part of a joint venture if desired. The asking price is $10k to cover initial investment with potential negotiation based on prospective profit and growth opportunities. The owner emphasizes the need for committed business development efforts to realize the app's potential.