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- RE: Math Solutions Help & Expert Chat App
- Contact: Eric Owens
Quick Facts
| Asking Price: | $5,000,000 | |
| Annual Revenue: | $8,361,208 | |
| Net Profit: | $1,513,089 | |
| 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 #: | 939880 | |
| Broker Reference #: | 262177 |
Business Overview:
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing. According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030. NOTE - Financials shown are the run rate based on last three months. TTM is $9,360,227 revenue and $288,782 profit. Highlights & Key Assets: o The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7 o The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
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Reason for Selling:
The owner is pursuing a different venture.
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
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