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Mobile App Development Studio

Location  United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1151000
Net Profit / Cash Flow  $218000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  4 - 5
Relocatable  Yes
Number of Employees  4 - 5
Real Estate  Owned
Reason for Sale  Owner is looking to exit the business to pursue personal interests. Active owner is prepared to remain with new ownership as a consultant after the sale for transition period. Team is in place to run the business as it is currently.

Mobile application (app) development company specializing in iOS and Android platform development for clients. The company has developed mobile apps for entrepreneurs, start ups, media, and large, medium and small businesses. Additional services include consulting, app maintenance, branding and identity design services. Sale also includes their own internal apps and portfolio. Highlights: o Staff of 7 U.S. based employees. o Strong presence on search engines that brings in leads. o High quality development work with fast turn around times. o Established brand on app stores. o Revenue increase of 20% - 30% expected in 2014. o Five years of history.Growth Potential: o Partner with an offshore development company to lower resource costs. o Increase advertising budget to generate more sales leads. o Offer mobile web and cross platform HTML 5 development services. o Work on equity or heavier revenue sharing based app projects. o Expand services to offer app marketing and ASO.

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