How do I sell my business? (Fitness/Workout app with an audience)

7 points by stefan_kendall3 11 years ago | 8 comments

I'm trying to sell my app, but I have no idea who to contact or sell to. Ideally I would like to find a buyer building something cool in the workout space that could take my users, revenue, and engagement and parlay that into an immediate audience for their product.

$1250/mo revenue 2000 downloads/mo 150,000 iOS app opens /mo.

I don't have time to work on this app, and I don't want to do a disservice to the users by doing no development over the next year.

If you or someone you know has a fitness/workout startup that could be interested, let me know.

I've listed on flippa, but I could sell outside of flippa if that's easier. Is there somewhere else I should list the app? Should I be contacting individuals directly? I'm lost and could use guidance.

https://flippa.com/3856691-ios-app-with-2-000-downloads-mo-making-1-242-mohealth-and-fitness

jtmtrader 11 years ago |

Can you pls email me you contact info jtmtrader@bellsouth.net? I'm interested I'm talking to you about the app

sandebert 11 years ago |

If you're at all interested in using a broker, Thomas Smale might be able to help you. I've never used him, but I've met him at a conference and heard him on podcasts, and he seems to know a lot about these things (as that is what his business is about).

He can be reached at his twitter handle @ThomasSmale and his website http://feinternational.com

fchollet 11 years ago |

You could try contacting directly active developers/startups who have released similar apps, they are the ones most likely to be interested (and they're definitely not checking flippa.com). I imagine it wouldn't take too long to find 5 of them and send them an email.

If your revenue is stable or growing you should be able to get at least $20k from the sale, and possibly up to $60k.

stefan_kendall3 11 years ago | |

I've tried cold emailing but I only got one response so far, and it was a "no".

I'm 20 businesses in and no replies.

BaptisteGreve 11 years ago |

You should post it on the Apptopia's Marketplace : https://marketplace.apptopia.com/

stefan_kendall3 11 years ago | |

I'll check this out.

Firegarden 11 years ago |

Have you considered keeping the app going by putting the funds into an overseas resource?

stefan_kendall3 11 years ago | |

My main problem is time commitment. I don't have the time manage anyone/their work or work on the app.

This would definitely be an option if my time wasn't so constrained.