Subscription-Based iOS App Portfolio
The seller offers an opportunity to acquire a mature, stable and profitable iOS app publisher with a portfolio of 36 current B2C App Store subscription-based offerings focused primarily on graphic design. Founded in 2016 by the current seller, the company creates leading iOS apps that allow customers to create professional visuals and graphics without design experience or Adobe Photoshop skills. The business generated $11.5 million of ARR in the last 12 months and yielded $541,877 in average net cash monthly.The app portfolio has more than 7.5 million downloads from October 2020 - September 2021, driving an average of 356,583 monthly active devices and 74,000 paying users. In addition, many of the apps have achieved “Top 100 Apps” status in the Photo and Video Category on the Apple App Store.A team of transferrable full-time developers and graphic designers maintain the current portfolio and develop new applications, requiring only 25 hours/week of owner involvement focused on new product research, operations and other strategic initiatives.
Offer Price: $32,500,000
