Business Description:
This is a live
video App business providing text messages, live voice calls, and live video
calls to individuals around the world. Users
live video chat around the world with individuals they have friended. The App is available on both the iOS and
Android platforms.
Distribution:
This is one the most prominent Apps in
Asia and is growing in North America, Europe and the UK. The next step in its development is to add a
dating option. Virtual dating represents
huge market potential worldwide as international online dating continues to grow
globally. Historically this App has been
highly profitable despite a very small marketing budget. The owners feel that with an effective
advertising campaign in the United States revenues and profits would increase
exponentially.
Operational
Strengths:
There are two
dedicated customer service employees, one developer, and a part-time project
manager. The App creates a high-quality user experience with a smooth user
interface and high-quality voice and video chat performance. Easy registration is available with Facebook,
Twitter, Google Plus+, a Mobile Number or an email address. The App can be administered from anywhere in
the world.
The Transaction:
The owners are looking for an asset-based transaction that
will transfer the ownership of the Video Chat App. The company has indicated that if the new
investor requires skilled employees to administer the App, they are willing to
work out an agreement whereby 2 to 4
employees would operate the business post-acquisition. All reasonable offers will be
considered.
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Financial Summary (000s) |
|||
|
|
2019 |
2018 |
2017 |
|
Revenue |
$694 K |
$746K |
$795K |
|
Adjusted
EBITDA |
$363K |
$444K |
$532K |
|
Other Highlights |
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|
Location |
Financials |
Management Team in Place |
Years in Business |
SIC Classification |
|
International |
Audited |
Yes |
5+ |
7372 |
E-mail: dmj@gottesman-company.com