Recently Sold!
Mobile Application Development Business
Asking Price: $395,000
Description
Founded in 2012, this business develops mobile applications for both iOS and Android operating systems, especially those which are highly complex and integrate with third party APIs and websites. The company specializes in FinTech, Social Media, Dating, Food Delivery, Service Delivery, Live Video Streaming, CRYPTO, Blockchain, and Ecommerce solutions.
The owner has established several highly skilled, extremely reliable and competitive proprietary vendor relationships which allow for all of the work to be outsourced with confidence. With Technical Managers in place to assist in closing sales and handle project management, the business is operated by 1 owner working only approx. 2-3 hrs/day from a home-based office overseeing projects and corresponding with clients.
Key Benefits Include:
- YOY Growth
- Extensive Portfolios of Work
- Cutting Edge Technological Innovation
- Highly Competitive Pricing and Very Strong Margins of ~67%!
- Proprietary Outsourced Services and Highly Skilled Technical Managers
- Longevity and Experience in the Industry
- History of Success with Proven Sales and Development SOPS
Financial Overview
| Gross Revenue | $326,821 |
|---|---|
| Cash Flow | $220,238 |
| Year Established | 2015 |
| Employees | 0 |
| Inventory | N/A |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Consumer Services |
| Location | USA, California (Los Angeles) |
| Home Based Business | Yes |
| Seller Finanacing Available | No |
| Income Sources | Products/Services |
Growth
Some ideas for future growth include creating sales and marketing materials geared toward selling development services to mid to large companies, increasing the proposals sent out daily as well as starting a social media campaign.
Competition
This business has numerous competitive advantages in its market including having an extensive portfolio of work, cutting edge technological innovation, very competitive pricing, highly skilled outsourced development team, and a history of success to name a few.