Social Network Website for Sale in Singapore
Rent-a-friend business fully operational on a web application. Product can be scaled up rapidly anywhere.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 44.5 thousand |
| Run Rate Sales | USD 44.5 thousand |
| EBITDA Margin | 40 % |
| Industries | Social Network Websites |
| Locations | Singapore |
| Local Time | 12:22 PM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
74 thousand
(Native Currency: SGD 100,000)
Reason: Focusing on other business.
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- The company operates a rent-a-friend business, focusing entirely on platonic relationships.
- All operations are conducted through a proprietary web application developed by the company.
- The platform features three main categories of users: Regular people, Micro Influencers, and Influencers, who serve as "rent buddies".
- A fixed rate is established for the time of these "rent buddies", offering users a clear pricing structure.
- The web app is structured as a social media platform, facilitating engagement between "renters" and "rent buddies".
- "Renters" utilize the platform to schedule and coordinate meetups with "rent buddies", fostering real-world connections.
- Additionally, "renters" have the option to unlock in-platform chats with "rent buddies", enhancing communication.
- Revenue is generated through commission from sales, including meetups and in-platform chats.
- Another significant revenue stream is derived from advertising partnerships with other businesses, leveraging the platform and its associated Instagram/Telegram channels.
- All operations are conducted through a proprietary web application developed by the company.
- The platform features three main categories of users: Regular people, Micro Influencers, and Influencers, who serve as "rent buddies".
- A fixed rate is established for the time of these "rent buddies", offering users a clear pricing structure.
- The web app is structured as a social media platform, facilitating engagement between "renters" and "rent buddies".
- "Renters" utilize the platform to schedule and coordinate meetups with "rent buddies", fostering real-world connections.
- Additionally, "renters" have the option to unlock in-platform chats with "rent buddies", enhancing communication.
- Revenue is generated through commission from sales, including meetups and in-platform chats.
- Another significant revenue stream is derived from advertising partnerships with other businesses, leveraging the platform and its associated Instagram/Telegram channels.
Products & Services Overview
Rent-a-friend business (100% platonic)- Regular people, micro-influencers, and influencers are on our platform as "rent buddies", and there is a fixed rate for their time.
- Our web app is designed as a social media platform to get engagement from "renters", who use our platform to schedule and coordinate meetups with "rent buddies".
- Our platform has been developed to be scaled up quickly in almost all countries globally and cross-border payment has been incorporated too.
Assets Overview
1. Online platform account that all our operations run on (users can self service making and receiving payments)2. Marketing tools -- Instagram account, Tiktok account, Telegram channels for marketing and answering user enquiries.
Facilities Overview
As the business is online we do not have any physical assets.
Capitalization Overview
Fully bootstrapped business with no debts/loans. 2 shareholders, 51% / 49% split. Both looking to sell. Customer base already established.
Recent Activity
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Earlier than 15 daysHR Manager, Investment Firm, Singapore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPresident, IT/Fintech, Virginia, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysCEO, IT Services, Ho Chi Minh City, Individual Investor / Buyer connected with the Business
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