Recently Sold!
Recurring Revenue Model Shopify App with Geo-Targeting and Geofencing Solutions
Asking Price: $220,000
Description
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
Financial Overview
| Gross Revenue | $41,965 |
|---|---|
| Cash Flow | $40,107 |
| Year Established | 2020 |
| Employees | 0 |
| Inventory | N/A |
Other Information
| Category | Ecommerce |
|---|---|
| Industry | Select Industry |
| Location | Canada, Select State (Select County) |
| Home Based Business | Yes |
| Seller Finanacing Available | Yes |
| Income Sources | Access to Site/Memberships |
Growth
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.
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
Interested? Let's get in touch!