OFF-MARKET-Mobile App Marketplace for Flash Deals and Discounted Food for Sale

OFF-MARKET ‘Q2 2022

Mobile App Marketplace for Flash Deals and Discounted Food for Sale

Los Angeles, CA (Los Angeles County)

Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: $18,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2018

Employees: 4

Business Description:

We have a client who has developed from scratch a mobile App designed to serve as an online marketplace, connecting people to food retailers with flash deals and discounted surplus food. The app helps food retailers promote and list surplus food at a discount as a way to clear stocks and reduce wastage.

This App is designed for use with Apple IOS and Android.

The app comes with (1) Business App which enables sellers to create and update live deals, this is synced with the (2) Consumer app instantly, where app users can purchase deals and coupons directly via the app, and then pick up the food in person at the designated open time & location.

The app is not limited by geographic location as it is accessible and can be downloaded from any country and could target a worldwide audience.

Key points of differentiators of the app:

This mobile app has a few features that help differentiate itself from other
marketplace apps.

– Algorithm showing listings by location (distance) first

– Built-in rewards system – 2% cash back for all transactions which incentivizes repeat purchases

– Built-in impact tracker – showing money saved and meals purchased to enhance psychological reward after every purchase

– Currently it is a food app which an impact angle by reducing food waste
Our client will provide support & training as needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business. NDA is required to secure executive summary crafted by ProNova Partners.

Detailed Information:

Facilities:

Currently operating on a remote basis; easily relocatable worldwide

Competition:

Highly limited, outlined in executive summary.

Growth & Expansion:

Abundant growth opportunities; significant opportunities for expansion.

Financing:

Cash deals only.

Support & Training:

As needed.

Reason for Selling:

Seller enjoys creating applications, focus on development projects in the works.