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- RE: Industry Leading Messaging App
- Contact: Eric Owens
Quick Facts
| Asking Price: | $55,000,000 | |
| Annual Revenue: | $13,920,151 | |
| Net Profit: | $11,882,890 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 954585 | |
| Broker Reference #: | 569983 |
Business Overview:
Available for acquisition is a top messaging app for users on Instagram with rapid growth. It is designed to give Instagram users an opportunity to receive candid, anonymous messages or reviews from their followers and friends. App is available on both iOS and Android.
The app is profitable, generating recurring revenue of $14 million annually. It was the fastest app ever to reach 75M downloads, going #1 on the App Store in more than 50 countries. It dominates the market for anonymous Q&A and has overtaken all other apps because of several factors including network density and the brand.
The app’s growth coincides with the development of AI models that have made it possible to properly moderate user-generated content. It has seen 500 million messages sent with zero severe bullying incidents.
Highlights & Key Assets:
o Has been #1 on the App Store in 60+ countries
o 75,000,000 Downloads – fastest app to reach 75M downloads, ever
o $14M ARR
o Strong team – 15 years’ experience, 20+ apps shipped, 100M total downloads, #1 in 100+ countries
o 50 billion story impressions
o Instagram link sharing – creates powerful network effects and viral growth
o Final mover advantage – stands to be final, permanent leader in its category
o Download machine - website alone can drive 20K downloads/day for other apps
o Combined with a pre-order strategy, it can take any app to #1 on the App Store
o Users can be funneled to other apps that have higher LTV per customer
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
The team wants to sell the app and use the funds to pursue other ventures. They think someone else could extract more value from the app and assets.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
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- Find a business broker
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