Recurring Revenue Model Shopify App

Relocatable, Ontario


Asking Price: Annual Revenue:
$220,000 $41,965

Technology: Business Services (B2B)


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RE: Recurring Revenue Model Shopify App Broker: Seller of Business
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $220,000
Annual Revenue: $41,965
Net Profit: Not Disclosed
Cash Flow: $40,107
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2020
Employees: Not Disclosed
BBN Listing #: 945917787
Broker Reference #: 13633

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Business Overview:

Recurring Revenue Model Shopify App with Geo-Targeting and Geofencing Solutions - PENDING SALE

This offering is a Shopify App that enables a multitude of localization features on Shopify stores. It is a flexible geo-targeting / geo-fencing solution for Shopify stores, allowing store owners to hide country/IP/geolocation-specific products, pages, and currency, displaying content based on the visitor IP address. Revenues consist of subscriptions and memberships which are billed directly by Shopify.

This is a scaling 100% recurring revenue application currently running on autopilot representing an excellent opportunity for a new owner to acquire a turn-key business with tremendous room for future growth, ramping up sales through new marketing efforts!

Key Benefits
• Even though the requirements that this App fulfills are extremely important in the e-commerce space, the App has no competition on the Shopify App Store
• Unique - There is a need for the feature and is very difficult to accomplish its functionality on Shopify
• Continuous Organic Growth - Perfectly positioned for a new owner to acquire
• Established and Stable - The App has been running stably for over a year. It is getting referrals from Shopify Plus support as the only option for product localization on the Shopify App Store
• Room For Growth - The App has been growing rapidly with no advertising
• Scalable With Consistent Operational Costs - Current total cost for running is a flat $180/month regardless of the number of accounts, with plenty of additional room on the server

Financial Summary
TTM Gross Revenue: $41,965 USD
TTM Cash Flow: $40,107 USD

2022 Projected Gross Revenue: $84,453 USD
2022 Projected Cash Flow: $82,265 USD

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Market Competition and Expansion:

COMPETITION Competitive advantages include: • Unique with no direct competition • Although there are other apps on the Shopify store that do region-based redirection, they have less than 5% of the functionality of this App GROWTH AND EXPANSION This is a unique opportunity for a new owner to take over an established business with strong cash flows and vast growth opportunities. The owners feel the best growth opportunity is in new marketing strategies.

Reason for Selling:

Pursue Other Interests.

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.

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