Location: Phoenix, AZ (Relocatable)
Industry: Software and App Companies
Listing ID: 5047
Ultra successful App Builder U (appbuilderu.com) and College Discount App (collegediscountapp.com) have tens of thousands of student downloads.
There are multiple revenue streams including colleges, affiliate links, and local businesses around campus. Several clients (colleges) are on 3-year contracts with guaranteed future receivables of $75,000 in 2022 and 2023. This is almost all profit as the heaving lifting of the app setup has already been done.
Very little competition as it’s a unique offering where students get tons of money-saving discounts with their college’s app, as opposed to info only. There is no other app builder in the college market or country that does this, which is why it’s so attractive to colleges.
Tech-savvy is NOT a requirement. The platform used to build the apps is no-code, drag and drop (think the Wix of Mobile Apps). Team of 3 inexpensive independent contractors (design, programming, sales) already in place.
Large pipeline of warm leads and 4,000 potential colleges and 20 million students make this an exciting opportunity for any buyer, especially serial entrepreneurs and those already selling into the college market.
Seller is an established vendor of colleges since 1998 (collegediscountcards.com – which is also included in the deal) and is a serial entrepreneur who is moving onto a new project. Priced to sell!
Easy transition! Seller will train buyer for as long as necessary at no additional cost. Existing contractors have worked for seller for combined 20+ years. Assembly line process!
Total Sales: $105,000
Cash Flow: $60,000