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Glendale, Los Angeles County, California
Asking Price
$199,000
Revenue
$720,000
Down
Call/Email
Cash Flow
Call/Email
Name: Houmehr Mike Panoussi
Phone: Show phone number
Name
Houmehr Mike Panoussi
Phone
Show phone number
Posting ID:
290069
Attributes:
Broker Cooperation
Semi Absentee Run
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$ 249,000
CF : $ 80,000
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$ 2,000,000
CF : $ 290,000
Business Insider in October 2014 stated that this app was selected as one of the top 100 greatest apps. Over 800,000 users from around the world have purchased this app over the last five years. An iPhone 6 Plus version of the app is scheduled to be released in September 2015. Competitive Advantage and Business Strengths * Reviews: The app has grown in popularity driven by its product quality. With little to no marketing, the product quality is what has been the foundation for its growth. In all its debut, more than 55% of users gave it the best rating, 5 out of 5 stars. 25% gave it 3 or 4 stars. * Quality: After 5 years of continuous development, more than 30 version upgrades and three complete overhauls, the app is one of the best quality note taking tablet apps on the market. The app features handwriting recognition and intuitive vector-based system that turns your handwritten notes into text, audio recording abilities along with easy to use interface ties all these features together seamlessly. * Users of the App: Approximately 40% of the users are students and 60% of the users are professionals. Both the student population and professional services will continue to grow at a fast pace in the next 10 years providing strong marketing opportunities. * Language: The app is written in many languages to help extend its geographic reach around the world, it can be read in English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish and Vietnamese. These 800,000+ purchases represent sales from around the world; 57% from USA and Canada, 26% from Europe, 11% from Asia and 6% other locations. Growth Initiatives: * Lower price point: Upon release of the iPhone 6 Plus the price point is projected to be one of the lowest in the market place giving the company an opportunity to increase market share. * Growth: For 2015 the main initiative is to focus on an app for the iPhone 6 Plus. The screen size of 6 Plus is large enough to incorporate the handwriting feature. Since the iPhone 6 Plus was introduced to the market place there are countless requests from users to make this app universal. The iPhone 6 Plus version is scheduled to be released September 2015. * Cross Selling: A strong customer base of over 800,000+ satisfied users from around the world give a company a chance to tap into this large user group and cross sell other similar products. Sales of this app could improve with a company that had a broad geographic reach and distribution infrastructure set up to support sales. * Current Users: Continuing to engage the users with periodic email blast, social connections and in app connections would create additional social media hype that can be used for marketing purposes. Marketing to the current users would create opportunities to sell other technology based products and increase the amount of money spent per user. * Social Media: Establishing strong relationships in both the social media environment and with Apple Staff would drive attention to the product and increase consumer awareness.
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Operating Bakery - Semi Absentee Owner
$ 179,000
The semi-absentee owner manages the operations - schedules and organizes purchases, pays invoices, etc., but semi absentee owner does NOT bake/cook in the bakery. The bakery is run by long time employees (some employees are working with this seller as long as 16 years, some 12 years, etc). The infrastructure is in place to add your experience, your products. The purchase price of this asset sale includes the FFE, the farmers' markets spaces, the leasehold improvements, the goodwill (wholesale business), the recipes, the infrastructure meaning the long-term experienced staff members running the current bakery and operations (all staff members want to stay after the change of ownership), $3,000 of food inventory supplies at cost, the van used to go to the farmers markets and used for deliveries, all the transferable permits, the name of the business, and much more. Tremendous opportunity for an experienced owner operator who can bring this bakery to the next level of growth, such as: add your line of products to the current line, open the coffee shop with regular and longer hours, add online deliveries (Postmates, Grubhub, Uber, etc) to this upscale & trendy neighborhood, create/develop social media (none at the moment), add products to the line at the coffee shop, also to the wholesale accounts and to the Farmers' Markets offerings. Increase the number of wholesale accounts and/or increase the amount of farmers' markets, etc. Fantastic location. Trendy, very walkable with cute shops, small restaurants, cool bars, parks. Mar Vista is at the heart of Venice/Silicon Beach (NE), vibrant Santa Monica (SW) & urban Culver City (SE). Demographics are young professionals median age of 35, safe and family oriented area, Millennials (spenders!) , Silicon Beach is less than 2 miles away, Kaiser hospital and medical offices less than 0.4 mi, 150 high-end apartments/condos with luxury amenities in construction 2 short blocks away, and new mixed used center being built next block, and dance studio that brings people all day long next door. Location very well positioned in current gentrification of Mar Vista. Many City developments. Call agent for details.
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