Website Closers has been engaged to locate a buyer for an exciting opportunity in the Mobile App Space. The business has been established 7 years, has strong Recurring Revenue and is the number one downloaded app for Mobile ID Scanning in both Apple Store and Google Play. The business has over 1,000 Paying, Subscription Customers that are Businesses from a wide range of industries, including bars, restaurants, clubs, stadiums, event managers, casinos, vape shops, and other private event holders. The business also is a perfect fit for the emerging dispensary market – a huge growth opportunity.
The company has achieved steady annual growth in it’s recurring revenue subscription base and has evolved from a hardware/software provider to less than 20% of revenue coming from hardware and the balance being recurring subscription revenue. This company enjoys an exceptional average contract value of $800 per sale. Thanks to a highly desirable platform and market niche, the business also boasts a very high repeat buyer ratio / retention rate – making this not only a market leader, but a powerful, scalable platform that is highly coveted in its space. The company has received considerable favorable PR and been featured on and endorsed by Jon Taffer’s Bar Rescue series on Spike TV, MillerCoors™, DreamIt Ventures, and Nightclub & Bar’s online news portals.
In addition to primary revenue streams, “Subscribed User” data is collated centrally as well – seeing over 1.3 Million scans a month by all subscribed users, and an email database exceeding 150,000 total opt-ins. Data opportunities, recurring revenue and market leadership are high level value propositions pushing this business to being a highly attractive target for bolt on opportunities or for those looking to get into the App Space.
This business has clean books and tax returns and is a prime candidate for SBA financing with as low as 10% buyer down payment.
