Details - Information last confirmed on October 7, 2020
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 (200k 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
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