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Jun 22, 2020Thank you for interest in this brokerage listing and potential acquisition. Below we have listed the key details for this business and further information can be divulged once an NDA has been signed.

What does your business do?

This platform makes file sharing and storage easy and straightforward.
The encrypted cloud storage uses the latest security techniques to keep your data safe and protected at all times. Create a link to share files for free, or automatically sync

This Platform was launched on January 1st 2016 and has grown completely organically over the last 4 years with peaks of 25m page views per month and 750,000 registered users. Currently averaging 2m page views per month and $10,000 in monthly revenue, $8,000 monthly profit.

Sonos also use the platform as a tool for their support portal to allow users to upload files to them

Rated Excellent on Trust Pilot (4.7*/5)

Incredibly automated, fast and easy to use, it offers:

- Simple web-based file sending, storage and backups
- Intuitive dashboard
- Desktop app for both windows & mac (built on electron/node allowing the same codebase for both apps)

Website platform:
The web platform is a custom build primarily in PHP

Datacentres (leased bare metal storage boxes, unmetered traffic) in East Europe and East Canada with load balancers (Cloudflare) to direct uploads to the nearest data centre.

The platform has been stress tested in production with over 20m unique users per month, and 1b monthly requests
Max recorded active traffic was 500,000 unique users per hour

The product generates revenue from Google Adsense and monthly subscriptions

Primary Monthly Costs

AWS: $1,000

Dedicated server costs (OVH): $450

Intercom: $100

Why is the listing being sold?

This was built as a side project for the seller, he never tried to market it or run advertising campaigns, and in 2018/2019 saw huge growth due to 2 factors:

1) A well known mobile app started hosting their product with us (organic acquisition)
2) We ranked 1st on Google for a number of great keywords

Towards the end of 2019, the large mobile app was forced to close down (they had legal issues) and this coincided with Google suddenly dropping the platform for a lot of keywords it ranked so well for. (You can see the drop in revenue around September 2019, which is when the mobile app hosted with us was forced to retire)

Who would this business be perfect for:

- Somebody who has a good understanding of the cloud storage space
- Someone with some Digital Marketing 'know-how'.

At the moment it requires very little admin time and can be managed from anywhere, a few hours a week to respond to support queries (Intercom) and ensure the system is running smoothly. Copyrighted files that receive DMCA requests are automatically removed within 24 hours (script monitors the inbox and removes files appropriately)

Brand assets
Custom technology
Customer databases
Hosting accounts & servers
Relevant email accounts
Social media accounts
Website files, source code and content
Google Adwords
Post sale support

Please get in contact if you are interested in this listing and would like more information.

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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.