Car Monitoring & Control App with $115K+ MRR

Chau Thanh Kien Giang, Viet Nam

Asking Price: Annual Revenue:
$2,100,000 $947,349

Technology: Software

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RE: Car Monitoring & Control App with $115K+ MRR Broker: Eric Owens
Owner Financing is Available!

Quick Facts

Asking Price: $2,100,000
Annual Revenue: $947,349
Net Profit: $676,539
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2021
Employees: Not Disclosed
BBN Listing #: 63632664
Broker Reference #: 266969

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Business Overview:

Available for acquisition is a mobile application that allows users to control and monitor their car information. It works in a wide range of cars such as BMW, Audi, Hyundai, Tesla, and others. The app has 12 months of history and is monetized through subscriptions.

Highlights & Key Assets:
o Revenue growth: Achieved month-on-month growth since inception. Reported average profit of $79,000 in the last quarter; more than double the average profit of the first six months.
o Subscription revenue with MRR of $115,000 and ARR of $1.5mm.
o Organic positioning on the App Store: appears on top in the App store searches for the category or car brand names; ~80% of the traffic to the app on the Apps store is organic; no fear of new competitors.
o Download growth and geography: Average monthly downloads of 188,000; ~35% coming from the U.S.
o Stable codebase with multiple tests.
o Maintenance cost is minimal.
o Growth potential through more paid UA channels and planned new features.

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Reason for Selling:

Pursuing 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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