4-Year-Old Shopify App Portfolio | 4.6% YoY SDE Growth
Business Description
Launched in 2021, this business is a portfolio of four Shopify apps. There are three premium apps and one free app that provide additional discount, gifting, and shipping functionality for Shopify stores.
TTM SDE is up 4.6%, and total revenue is split 49%, 38%, 10%, and 3% among all four apps. With over 5,500 paying subscribers, over 98% are on monthly payment plans, with the remainder on annual plans.
The apps are in a very mature state and are not receiving major functionality updates, but instead are focused on bug fixes and maintenance. A new owner could choose to focus on app maintenance or continue launching new features to expand app functionality.
The two cofounders are looking to sell to move on to a new project they have been focused on. One cofounder spends no time on the business at all. The technical cofounder is spending half of his time maintaining the apps, and half of his salary has been accounted for in the P&L, which provides the buyer with an option to redirect those funds toward a new developer. Optionally, the technical cofounder is open to continuing at his current salary level for some period of time as well post-sale. Lastly, a customer support team member works full-time on the business and is expected to transition to the new owner. Most importantly, these owners are flexible and want to ensure the buyer is successful post-close.
Note: This business is not eligible for SBA, and we're seeking a cash buyer.
Key Benefits:
SDE Growth: Seller's discretionary earnings are up 4.6% over the trailing 12 months.
Existing Team: One full-time customer support team member handles the vast majority of customer support tickets, and the technical cofounder is receptive to post-close support depending on the buyer's needs.
Low Workload: After accounting for the 20 hours per week of development time already factored into the P&L for a part-time developer, the other cofounder spends no time on the business. A new owner could easily work part-time.
Mature Apps: The apps have been worked on for years with thousands of hours of combined development time. The apps are mostly in maintenance mode at this point, but a new owner could choose to get back to launching new features.
TTM SDE is up 4.6%, and total revenue is split 49%, 38%, 10%, and 3% among all four apps. With over 5,500 paying subscribers, over 98% are on monthly payment plans, with the remainder on annual plans.
The apps are in a very mature state and are not receiving major functionality updates, but instead are focused on bug fixes and maintenance. A new owner could choose to focus on app maintenance or continue launching new features to expand app functionality.
The two cofounders are looking to sell to move on to a new project they have been focused on. One cofounder spends no time on the business at all. The technical cofounder is spending half of his time maintaining the apps, and half of his salary has been accounted for in the P&L, which provides the buyer with an option to redirect those funds toward a new developer. Optionally, the technical cofounder is open to continuing at his current salary level for some period of time as well post-sale. Lastly, a customer support team member works full-time on the business and is expected to transition to the new owner. Most importantly, these owners are flexible and want to ensure the buyer is successful post-close.
Note: This business is not eligible for SBA, and we're seeking a cash buyer.
Key Benefits:
SDE Growth: Seller's discretionary earnings are up 4.6% over the trailing 12 months.
Existing Team: One full-time customer support team member handles the vast majority of customer support tickets, and the technical cofounder is receptive to post-close support depending on the buyer's needs.
Low Workload: After accounting for the 20 hours per week of development time already factored into the P&L for a part-time developer, the other cofounder spends no time on the business. A new owner could easily work part-time.
Mature Apps: The apps have been worked on for years with thousands of hours of combined development time. The apps are mostly in maintenance mode at this point, but a new owner could choose to get back to launching new features.
About the Business
- Years in Operation
- 4
- Employees
- 1
- Currently Relocatable
- Yes
- Currently Home Based
- Yes
- Market Outlook / Competition
- There are several other competing apps on the market, but they all offer something slightly different and this company offers the best price.
- Opportunities for Growth
- Growth Opportunities: There's a large list of new features to implement, inbound partnerships that have not been responded to, and SEO improvements; additionally, one of the apps could use an FAQ/tutorials website like the other apps have.
About the Sale
- Seller Motivation
- The owners are focused on another project.
- Transition Support
- The owners believe it could take up to three months to fully transfer all operations.
Listing Info
- ID
- 2365795
- Listing Views
- 1525
Listing ID: 2365795 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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