For Sale:
QR Code App | $9M ARR | 7 years of history
Asking Price: $30,000,000
Description
Listing Price
The owners are open to all serious offers
Business Overview
Available for acquisition is a market-leading iOS application enabling fast, reliable QR code scanning and decoding, with 2.9 million monthly active users and over 70 million total downloads. It is a versatile QR code and barcode scanner app supporting over 15 code types. It offers features like detailed product and food information, scan history, organized folders, batch scanning, and CSV export. The app has cross-platform capability (available on iPhone, iPad, and Mac with Apple Silicon).
The app operates on a freemium model, offering a pro subscription for unlimited scans, product information access, and an ad-free experience. 70% of revenue is from subscription and IAP and 30% is from advertising. $833K MRR and $9M ARR.
Highlights
- 4.7 Stars with 663K ratings.
- 7 years of history.
- 280K+ downloads/month and 2.9M MAU.
- High-Quality UI: User-friendly interface with organized folders and scan history.
- Robust Feature Set: Supports multiple code types and offers detailed information.
- Subscription Revenue: Offers pro subscriptions with various durations.
- Retention: Features like scan history and batch scanning encourage repeated use.
- Organic Downloads: High App Store rating (4.7/5) generating strong organic growth.
- Minimal Time Commitment: The app functions autonomously with minimal user intervention.
- Expanding Niche: Growing demand for QR code utilities in various industries.
- Multilingual Support: Available in over 20 languages, catering to a global audience.
- App is built in Swift (mostly UIKit, some SwiftUI parts).
- No heavy backend, only one small feature built in PHP.
Financial Overview
| Gross Revenue | $9,818,603 |
|---|---|
| Cash Flow | $6,453,511 |
| Year Established | 2018 |
| Employees | |
| Inventory | N/A |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Productivity Software - Technology |
| Location | France, Select State (Select County) |
| Home Based Business | Yes |
| Seller Finanacing Available | No |
| Income Sources | Subscription Revenues and Affiliate/Partnership |
Growth
- Market Expansion: As QR codes become more prevalent in various industries, the demand for reliable scanning apps is expected to grow.
- Feature Enhancement: Adding functionalities like QR code generation, integration with other apps, or enhanced data analytics could attract more users.
- Platform Expansion: Developing versions for Android or web platforms could tap into new user bases.
- Monetization improvements through premium features, advertising, or partnership.
- International user acquisition and localization.