Seller's Contact Information
- RE: English Learning App With Subscription Revenue
- Contact: Eric Owens
Business Overview:
For sale is an iOS app that helps users learn English from 11 languages, and covers more than 50% of the world population. Launched in April 2020, the application contains a 40,000 word database with sentences, transcription and pronunciation. Supported languages include English, French, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Traditional Chinese, and Turkish. The app is monetized with subscriptions.Highlights & Key Assets:
o 3,533 ratings with avg. 4.7
o Past tests (Jan – Apr 2022) show 12 months LTV, meaning 100% return on investment; ROAS can be decreased/optimized with better marketing, paywall tests to 6-9 months
o Refund rate of 5%
o Minimal additional development and support required
o Revenue potential is minimum $500K/year (This app is similar to the apps with multi-million revenue: Ewa, Bright, Bussuu and Babbel)
o English learning audience shows low refund rate and high conversion to subscription (~30%)
o Large market where the users need the product and are happy to pay for it
Reason for Selling:
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
Relevant Links:
Opportunity Update!
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