Rapidly Growing B2C Social Networking App

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$4,000,000 Not Disclosed

Technology: Business Services (B2C)


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RE: Rapidly Growing B2C Social Networking App Broker: Steve Lukes

Quick Facts

Asking Price: $4,000,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 986311895
Broker Reference #: BizEx1269-SL

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Business Overview:

Overview

This app solves the problem individuals experience when trying to expand their network of friends. Sellers produced an app that allows users to connect easily, as friends, based on user criteria. The app has quickly gained popularity and is now #2 in its niche, the #1 app in this space is currently valued at over 1B. The current cash flow is positive and asking price is reflective of the industry average of $50/user (200,000 existing users).

Ideal New Owner

1. Entrepreneur looking for a great opportunity with a proven concept to take it to the next level.
2. Company looking to absorb and grow the app, community, or data.

Growth and Expansion Opportunities.

Owners feel there is an ability to reach over $100,000/month in revenue in next 12 months based on low hanging fruit strategies:

1. Price increase from $6/month to $18.00/month based on competitors
2. Ads within could double revenue
3. Android version could reach 3x users
4. Better SEO could dramatically increase downloads
5. Adding new languages could reach 3x users

For more information; please register and complete the Non-Disclosure Agreement at or website.

Steve Lukes, Business Broker. Lic#: 02092334

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:

Owner dilution and other projects.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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