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- #4 - Startups for sale: Gen Z App, Potluck, and, NiceBreak
#4 - Startups for sale: Gen Z App, Potluck, and, NiceBreak
Your Weekly Dose Of Startups To Acquire
π Hey acquirer!
This is acquire weekly, the newsletter thatβs all about buying businesses! Because sometimes, buying a business is easier than starting one from scratch.
Every week we write this email where we share hand-selected list of businesses on sale from your favourite M&A marketplaces so you can save time and hassle.
Welcoming 20 new people to the weekly newsletter!
Letβs explore!
π Startup Spotlight
Acquire profitable startups and side-projects on sale
π° Asking Price: $650,000
App for helping GenZ track productivity & healthy habits (App of the Day)
Type: Mobile App
β Key Highlights
$202,401 in TTM revenue
$162,275 in TTM profit
$13,898 in revenue last month
$11,118 in profit last month
π© Cons
Free tier: Monthly and annual subscription fees may be a barrier to entry for some users who are not willing to pay for an app to track their productivity and healthy habits - should look into adding a free tier.
π Growth Opportunities
Influencer marketing: Leverage TikTok and micro influencers to hop on trends and create content for the app on how beneficial it is to their lives. TikTok already has a tremendous amount of content around productivity so this app would be perfect for the platform.
Build a referral program: With no referral program and over 87,000 users, it seems like a missed opportunity. Provide a way to incentivise users to refer the app to friends and family.
β
π° Asking Price: $250,000
The company has specialized in CBD and minor cannabinoids. We have R&D'd several home-run hitting products in oral drop form, vape cartridge, extract form, gummies, and capsules.
Type: eCom
β Key Highlights
$400,000 in TTM revenue
$170,000 in TTM profit
$15,000 in revenue last month
$12,000 in profit last month
π© Cons
Limited advertising channels: Advertising regulations for cannabinoid products can be strict and may limit the brandβs ability to advertise on certain channels, such as social media platforms or search engines
Lack of growth MoM: From viewing the P&L there has been a decline in growth month over month. Could be due to lack of marketing + website changes with SEO.
π Growth Opportunities
Improve SEO: The company could invest in search engine optimization (SEO) to improve its website's ranking on search engines and drive more organic traffic to its website. Creating more blogs and articles around the current cannabinoid products can help increase growth MoM.
Improve Site Experience: Current experience seems very out dated and not very user friendly.
Third Party Articles: Create content on third party articles and run ads towards that article. Makes it easier to by pass social media channels and is an easier gateway into running paid ads.
β
π° Asking Price: $19,000
Virtual event platform that works like an "Airbnb experience for remote teams"
Type: SaaS
β Key Highlights
$16,000 in TTM revenue
$12,000 in TTM profit
$549 in revenue last month
$487 in profit last month
π© Cons
Limited advertising channels: Advertising regulations for cannabinoid products can be strict and may limit the brandβs ability to advertise on certain channels, such as social media platforms or search engines
Lack of growth MoM: From viewing the P&L there has been a lack of growth month over month. Could be due to lack of marketing + website changes with SEO.
π Growth Opportunities
Expand into In-Person Events: Partner with local businesses or venues to offer unique experiences
Hire a B2B sales team: Partner with corporations to offer employee engagement programs. This could involve working with HR departments to design team-building programs or employee recognition initiatives that use Nicebreak.fun's group experiences.
Improve Conversion Rate: Work on showcasing videos of what these events look like. Walk through experiences and showcase more social proof on the landing page.
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