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Car Monitoring & Control App with $115K+ MRR

For Sale in

Listing ID: 266969 | Broker Listing ID: BLP032174

Financial & Assets Details

$947,349
$676,539

About the Business

Yes
Yes
2021
Yes

Business Description

Available for acquisition is a mobile application that allows users to control and monitor their car information. It works in a wide range of cars such as BMW, Audi, Hyundai, Tesla, and others. The app has 12 months of history and is monetized through subscriptions.

Highlights & Key Assets:
o Revenue growth: Achieved month-on-month growth since inception. Reported average profit of $79,000 in the last quarter; more than double the average profit of the first six months.
o Subscription revenue with MRR of $115K and ARR of $1.5mm.
o Organic positioning on the App Store: appears on top in the App store searches for the category or car brand names; ~80% of the traffic to the app on the Apps store is organic; no fear of new competitors.
o Download growth and geography: Average monthly downloads of 188,000; ~35% coming from the U.S.
o Stable codebase with multiple tests.
o Maintenance cost is minimal.
o Growth potential through more paid UA channels and planned new features.

Support & Training

The company owners are willing to offer a training period and will work with a new owner to ensure a smooth transition. They are moving into a new AI project so would not have full-time availability but are willing to provide support and transition as needed.

Reason for Selling:

The owner wants to move all of its resources and capital to a new AI project.

Listing ID: 266969

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