Total of 18656 firms and businesses for sale today Saturday 27th April 2024
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Sold. Partnership/investment Opportunity For Top Golf App

LISTING DETAILS
Firms For Sale ID:
34432
Vendor reference:
975789
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$250,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Reason for selling:
Looking to raise capital to hire additional staff to continue to develop, build, sell and deploy distribution platforms for golf courses. IMPORTANT - Full financials and growth plans will be provided once an NDA has been signed.
Business is relocatable:
Yes
Business is web-based:
Yes
Business is home-based:
Yes
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
For sale is 50% ownership in an advanced golf GPS app. This app was built by a golfer for golfers that has consistently ranked on among the top in the Top 1, 2 or 3 among all Golf GPS Apps on Google or Apple, and locked in as the #1 Golf GPS App in the Paid category. This is a very useful tool for golfers, powerful enough for both weekend warriors and pros at the Masters.

Available on multiple platforms it has approximately 280,000 users, 400,000 downloads, multiple social media sites, an interactive web site that builds community and keeps the users engaged, and has been in business since January 2010.

The app currently acquires users almost exclusively through the app store platforms and through its excellent reputation with almost no other marketing other than minimal Facebook ads.

The parent company has developed a distribution strategy through a proprietary distribution and engagement platform that enables any golf related company to sign up and begin promoting this app in exchange for marketing & financial benefits.


Highlights & Key Assets:

o Google Glass represents an opportunity for future growth and the owner has already staked their claim.
o Very Strong Customer Loyalty. Most users of apps will find new apps to replace the function of an old app when they upgrade devices. Wsers faithfully re-install updates for this app.
o Parent company can develop features at a greatly reduced cost due to excellent development sourcing overseas, with a team in place for last 18 months.
o Parent company has already developed and tested features and updates that are ready to roll out this summer (2016), that has the potential to increase downloads and revenue exponentially.
o Parent company is working with a large company to distribute an audio version of the app.

Expansion Potential
o New Distribution Model with Golf Courses through the parent company's overall platform.
o New Monetization Model is being implemented.
o Integration and the sale of new wearable devices.
o Strong potential to grow revenue by releasing new features; in app purchasing and adding advertising to the app.
o Tee Time Bookings Commissions.
o Sell Subscriptions to a yearly pass that golf courses are starting to sign up for.