Asking Price: $1,430,000

Launched in 2021, this business is a portfolio of four Shopify apps. There are three premium apps and one free app that provide additional discount, gifting, and shipping functionality for Shopify stores.

TTM SDE is up 4.6%, and total revenue is split 49%, 38%, 10%, and 3% among all four apps. With over 5,500 paying subscribers, over 98% are on monthly payment plans, with the remainder on annual plans.

The apps are in a very mature state and are not receiving major functionality updates, but instead are focused on bug fixes and maintenance. A new owner could choose to focus on app maintenance or continue launching new features to expand app functionality.

The two cofounders are looking to sell to move on to a new project they have been focused on. One cofounder spends no time on the business at all. The technical cofounder is spending half of his time maintaining the apps, and half of his salary has been accounted for in the P&L, which provides the buyer with an option to redirect those funds toward a new developer. Optionally, the technical cofounder is open to continuing at his current salary level for some period of time as well post-sale. Lastly, a customer support team member works full-time on the business and is expected to transition to the new owner. Most importantly, these owners are flexible and want to ensure the buyer is successful post-close.

Note: This business is not eligible for SBA, and we’re seeking a cash buyer.