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The franchising program is offered by MergersUK Limited a UK Company with registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.
According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
NOTE – Financials shown are the TTM.
Keypoints
The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
More than 80% of users are Tier-1 countries (mostly US)
High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
4.6 rating with 9.6K ratings on iOS
Team of experts
Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
Payment processing accounts (where transferrable)
Basic Details
Target Price:
$3,300,000
Gross Revenue
$7,694,604
EBITDA
$1227849
Business ID:
L#20240779
Country
United Kingdom
State:
United Kingdom
Detail
Business ID:
L#20240779
Property Type:
Internet Businesses
Property Status:
For Sale
Target Price:
$3,300,000
Gross Revenue:
$7,694,604
EBITDA:
$1227849
Target Price / Revenue:
0.43x
Target Price / EBITDA:
3300000x
Support & Training:
The company owners are willing to offer a training period and will work with a new owner to ensure a smooth transition. And their team can provide transition support ongoing.
Reason for Selling:
The owners have a new business in a different niche that they launched six months ago. They are exiting this business to raise capital for growing the other business. They believe a new owner will be able to operate and scale this business more efficiently than they can.
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.
According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
NOTE – Financials shown are the TTM.
Keypoints
The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
More than 80% of users are Tier-1 countries (mostly US)
High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
4.6 rating with 9.6K ratings on iOS
Team of experts
Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
Description
Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.
According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
NOTE – Financials shown are the TTM.
Keypoints
Basic Details
Target Price:
$3,300,000
Gross Revenue
$7,694,604
EBITDA
$1227849
Business ID:
L#20240779
Country
United Kingdom
State:
United Kingdom
Detail
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