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Mobile App for Sale in Salem, India

Sale: Company offering a proprietary mobile application for walking enthusiasts on IOS and android platforms.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 2.7 thousand
Run Rate Sales USD 3.2 thousand
EBITDA Margin 20 %
Industries Mobile Apps
Locations  Salem
Local Time 7:29 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 47 thousand (Native Currency: INR 3,500,000)
Reason: The owner wants to concentrate on his other ventures and wishes to sell this business.
Interested to connect with advisors
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Business Name
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Business Overview

- Our company offers a proprietary mobile application that conducts virtual walking challenges for walking enthusiasts.

- The application is available on both android and IOS platforms. It has had over 8,000 users since inception with over 2,000 current active users.

- We host virtual walking challenges where users can register by paying a fee that ranges between INR 100, 300 and 500. Every challenge requires the participant to walk a certain number of steps in a given time frame. The first 5 users who complete the required steps the earliest gets cash rewards.

- The range of steps varies from 50,000 to 500,000 and depends on the number of days the challenge is for. Ideally, we hold 3 days, weekly and monthly challenges.

- User's can download our free app and opt for a lifetime subscription fee which is INR 1,000. Every subscriber receives 20 percent discount on the fee of each challenge he or she participates in along with a small welcoming kit.

- Users can also not pay a subscription fee and participate in all challenges by paying the complete fee.

- We generate revenue by accepting subscription fee along with fee charged from each participant for every virtual walking competition.

- Every competition receives over 2,000 to 3,000 enrolments. We currently have over 4,000 subscribers.

- Every user is displayed with leader boards and display charts showing number of steps completed and time taken.

- This transaction includes the entire business entity, rights and ownership of the mobile application, source code, developer rights and the complete database.

Products & Services Overview

Our company has its own proprietary mobile application for walking enthusiasts on both IOS and android platforms.

Assets Overview

The company does not own any physical assets.

Facilities Overview

The business does not have any physical location to run operations.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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