Recently Sold!

Recurring Revenue Model Shopify App with Geo-Targeting and Geofencing Solutions

Asking Price: $220,000
Description

<p>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.
<p>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!
<p>Key Benefits <ul> <li>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 <li>Unique - There is a need for the feature and is very difficult to accomplish its functionality on Shopify <li>Continuous Organic Growth - Perfectly positioned for a new owner to acquire <li>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 <li>Room For Growth - The App has been growing rapidly with no advertising <li>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 </ul>
<p><strong>Financial Summary</strong> <br /> TTM Gross Revenue: $41,965 USD <br /> TTM Cash Flow: $40,107 USD <p> 2022 Projected Gross Revenue: $84,453 USD <br /> 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
<p>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
<p>Competitive advantages include: <ul> <li>Unique with no direct competition <li>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
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