Gifting Company for Sale in Hawally, Kuwait
Kuwait-based online app selling digital gift cards globally with 36,000 users, strong retention, and growth.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 500 thousand |
| Run Rate Sales | USD 1.43 million |
| EBITDA Margin | 7 % |
| Industries | Gifting + 1 more |
| Locations | Hawally |
| Local Time | 11:01 AM Asia / Kuwait |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
200 thousand
(Native Currency: KWD 61,500)
Reason: The owner is selling the business to meet cash flow requirements and is willing to provide transitio...
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Business Name
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User Verification
Documents
Domain-Verification.pdf
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Business Overview
- The business is a Kuwait-registered LLC operating a fully online consumer app that sells digital gift cards across multiple countries.
- Based in Hawalli, Kuwait, the app has been downloaded by around 36,000 users and enjoys very high retention rates, with some customers completing over 1,000 transactions and many others with 40, 200, or 500 purchases.
- The app processes an average of 4,000 monthly orders through a Kuwait-based payment gateway, with iTunes (USA) and PSN (Kuwait) being the top-selling categories and the USA and Kuwait the main markets.
- Last month, the business generated approximately USD 120,000 (KWD 36,675) in revenue with a ~7% net/EBITDA margin, while last fiscal year revenue was around USD 500,000 (KWD 152,814).
- The business has shown significant growth this year compared to last year, driven by achieving a marked increase in downloads and purchases.
- Operations are lean, with the owner as the only permanent employee supported by two part-time freelancers for accounting and SEO, while marketing spend is variable.
- Revenue is generated through digital gift card sales and in-app advertisements.
- The company holds a Kuwait e-commerce license and has a registered trademark.
- Based in Hawalli, Kuwait, the app has been downloaded by around 36,000 users and enjoys very high retention rates, with some customers completing over 1,000 transactions and many others with 40, 200, or 500 purchases.
- The app processes an average of 4,000 monthly orders through a Kuwait-based payment gateway, with iTunes (USA) and PSN (Kuwait) being the top-selling categories and the USA and Kuwait the main markets.
- Last month, the business generated approximately USD 120,000 (KWD 36,675) in revenue with a ~7% net/EBITDA margin, while last fiscal year revenue was around USD 500,000 (KWD 152,814).
- The business has shown significant growth this year compared to last year, driven by achieving a marked increase in downloads and purchases.
- Operations are lean, with the owner as the only permanent employee supported by two part-time freelancers for accounting and SEO, while marketing spend is variable.
- Revenue is generated through digital gift card sales and in-app advertisements.
- The company holds a Kuwait e-commerce license and has a registered trademark.
Products & Services Overview
- The business offers digital gift cards, with its top-selling categories being iTunes (USA) and PSN (Kuwait), which are primarily used by consumers in the USA and Kuwait for making online purchases, gaming, and entertainment transactions.- Customers rely on the app for a convenient, secure, and reliable way to access gift cards across multiple countries, with many repeat buyers demonstrating high retention.
Assets Overview
The business doesn't have any physical assets of significant value.Intangible assets: App source code, backend, domains, trademarks, Apple/Google accounts, APIs, payment gateway setup and operational accounts.
Facilities Overview
The business operates entirely online/remotely, with no need for a physical office.
Capitalization Overview
Self-funded with no loans or liabilities, 100% founder-owned, and no additional shareholders.
Recent Activity
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Earlier than 15 daysRegional Director, IT Services, Adelaide, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Software, Technology & AI, Bengaluru, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Hospitality Investments, Dubai, Individual Investor / Buyer connected with the Business
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2 Buyers contacted this Business this month.
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