Overview
Description
YE22 management turnover of £565k with adjusted EBITDA of £478k. Forecast turnover of £755k in YE23 and £934k in YE24. A software developer which has created an innovative, user-friendly app for users of public transport in a major city.
Key features include real-time status updates and live traffic camera feeds. Revenue is generated via advertising — in-app purchases are also available. Benefits from 1.5 million monthly active users, one million weekly active users and 500k daily users. The app has been downloaded by over six million users and has achieved an average rating of 4.7 stars. Presented as a fully relocatable opportunity which can be operated on a remote basis. Offered for sale to facilitate the business’s continued expansion under new ownership. A new owner could grow the user base in different regions by localising and customising the app for large metropolitan cities. Offers invited.
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