App – 10 Y/O Family Photo Sharing App - 16K Active Users - $10.5K Gross/Mo
Details
For sale is a diversified business in the family photo-sharing niche with a market-leading iOS and Android App, c.16,000 active users, and an impressive 4.6 rating across two App stores.
Launched in 2010, the business has steadily grown in popularity by providing a secure and intuitive platform for parents to collect and privately share their children’s photos as well as publish the memories in a physical photo book. With a custom-built photo book software, two highly-rated mobile Apps and a web App, the functionality has resonated with parents all around the globe.
Parents are increasingly using social media to upload and share photos of their children. With 21% of parents uploading a child’s photo or video online every week, The business offers an attractive alternative for parents to store and share their children’s photos securely and privately.
The business itself is monetized via a freemium App model, generating revenues through printed photo book sales (c.51% of revenue) and paid membership subscriptions (c.49%). This pricing strategy has proven highly successful, with revenues climbing at a c.10.7% CAGR over the period 2016 to 2019 with the business generating $5,920 MRR in the LTM and providing plenty of cash flows for growth opportunities.
The business presents a unique acquisition opportunity for a new owner to take over a diversified digital product and subscription App business.