AI Assistant App with $192K ARR
For Sale in
Financial & Assets Details
About the Business
Business Description
Available for acquisition is an easy-to-use, all-in-one personal assistant for knowledge workers that replaces a lot of the apps they use daily, saving time and money. It can draft emails, improve your writing, transcribe and summarize calls and voice notes, simplify learning, and more. You can think of it as Grammarly, Otter.ai, Notes, and ChatGPT, all in one app with extra powers. The current version combines an AI-powered multilingual keyboard that makes it easier to type, smart notes with state-of-the-art fast transcription and one-tap transcript editing, and fast AI chat with 20 personas.
App is available for iPhone, iPad, Mac, and Apple Watch. Code was built on Swift and SwiftUI. For the backend it uses a few C# app functions hosted on Azure. Other services include Firebase, RevenueCat, and AppsFlyer.
Highlights & Key Assets:
o Extremely high-quality and the most powerful/complete AI app on the App Store
o World's first AI-powered keyboard
o Steadily growing subscription revenue in the hot AI market (1,350 paying members)
o Low churn and low refund rate (for an AI app) with 1,150 positive reviews
o LTV ~ $155 with 10X LTV/CAC (CAC = $15.10)
o 60/40 Paid UA vs Organic downloads
o Proven paid marketing
o Very active userbase
o Higher than average conversion rate (~2%)
o ~89K email addresses
o ~56K push notification subscribers
Support & Training
The owner is willing to provide support and a training period. This is flexible depending on your needs.
Reason for Selling:
The owner has taken the app about as far as they can and feels a buyer with a larger marketing budget could scale this app. They would also like to start a hardware company and need funding for that.