BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,500,000
Turnover / revenue:
$492,468
Net profit / cashflow:
$456,668
OTHER DETAILS
Reason for selling:
The seller has put much effort and resources into developing this app and has done well with downloads and revenue based on the quality of the app. They are not good at marketing and don't know how to take it to the next level. The seller now wants to focus on developing the best video editor on the appstore. They have started development on this new app and want to focus all of their efforts there.
Support and training:
Full support and training will be provided. This is negotiable depending on your needs. The owner is committed to making it a success for a new owner.
Business is relocatable:
Yes
Business is web-based:
Yes
Business is home-based:
Yes
BUSINESS DESCRIPTION
For sale is a high quality photo editor app that has been in the Top 40 in its category the last year. Overall the app has 8 million total downloads and averages 350K to 450K downloads per month with 800K to 1MM monthly active users.
Marketing so far has all been through ASO. Monetization follows a Freemium model with two IAP for removing ads and photo effects.
The app name is trademarked and the trademark will be transferred to the new owner.
Expansion Potential
1. New features can be added to the app like photo filter, which would improve the monetization
2. Localization opportunity
3. Release of additional versions of the app with different niches
4. Better advertising monetization