Seller's Contact Information
- RE: Industry Leading Messaging App
- Contact: Eric Owens
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $5,915,495 | |
Net Profit: | $5 | |
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 #: | 545032664 | |
Broker Reference #: | 569983 |
Business Overview:
Available for acquisition is a top messaging app for users on Instagram with rapid growth over the last seven months. It is designed to give Instagram users an opportunity to receive candid, anonymous messages or reviews from their followers and friends. App is available on both iOS and Android.
The business profitable, generating recurring revenue of over $15 million annually. It was the fastest app ever to reach 75M downloads, going #1 on the App Store in more than 50 countries. It dominates the market for anonymous Q&A and has overtaken all other apps because of several factors including network density and the brand.
The app’s growth coincides with the development of AI models that have made it possible to properly moderate user-generated content. It has seen 500 million messages sent with zero severe bullying incidents.
Highlights & Key Assets:
o #1 on the App Store in 60 countries
o 75,000,000 Downloads – fastest app to reach 75M downloads, ever
o $15 mm ARR with $0 marketing spend
o Strong team – 15 years’ experience, 20 apps shipped, 100M total downloads, #1 in 100 countries
o 50 billion story impressions
o Instagram link sharing – creates powerful network effects and viral growth
o Final mover advantage – stands to be final, permanent leader in its category
o Download machine - website alone can drive 20K downloads/day for other apps
o Combined with a pre-order strategy, it can take any app to #1 on the App Store
o Users can be funneled to other apps that have higher LTV per customer
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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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