For Sale:

Math Solutions Help & Expert Chat App w/ $500K MRR

Asking Price: $5,000,000
Description

Listing Price
The owners are open to all serious offers.

Business Overview
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.

According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.

NOTE – Financials shown are the run rate based on last three months. TTM is $9,413,805 revenue and $665,588 profit.

  • Highlights
    The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
  • The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
  • Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
  • Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
  • More than 80% of users are Tier-1 countries (mostly US)
  • High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
  • 4.6 rating with 9.6K ratings on iOS
  • Team of experts
  • Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
  • Payment processing accounts (where transferrable)

Financial Overview
Gross Revenue $7,839,046
Cash Flow $1,143,749
Year Established 2021
Employees 19
Inventory N/A
Other Information
Category Ecommerce
Industry E-Learning
Location Hong Kong
Home Based Business Yes
Seller Finanacing Available Yes
Income Sources Products/Services
Interested? Let's get in touch!
Website For Sale Inquiry