Flippa
FOR SALE
Business Name

Neappoli Inc.

Business Model
SaaS
Industry
Business

$50,000

Asking Price
Multiple 64.3x
Neappoli is a mobile app allowing citizens to report non-urgent city issues to their city without having to call them.
This business owner has manually entered their financials

Facts and Figures

Location
Canada
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$2,073
Annual Expenses
$1,295
Annual Net Profit
$778
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019
Revenue $0 $1,487 $0 $0 $1,000 $0 $0 $0 $1,000 $0 $73 $0
Expenses $45 $46 $45 $116 $59 $91 $63 $160 $538 $50 $28 $48
Net Profit -$45 $1,441 -$45 -$116 $941 -$91 -$63 -$160 $462 -$50 $45 -$48

Business Description

For the majority of Canadian and US cities, in order to report a non-urgent city issue (like potholes, graffitis, noise complaints, garbage collection, etc.) citizens typically have to call 3-1-1, wait in the line, state their information and what the problem is. With Neappoli, all this can be done with a push of a button. Just take a picture and/or add a description and send it to the city! When the issue is closed the user gets an in-app and email notification. Neappoli currently operates in the capital of Canada, Ottawa.

How does your business make money?

You can sell the app to cities with a yearly subscription model for different feature tiers. Additionally, you can charge politicians for ward-based advertising in the app.

Why should someone buy this business?

If you have connections in municipalities or have skills selling to them, you can easily make a lot of money with the subscription model of this solution, while at the same time contributing to the betterment of your community. Typically, an app like Neappoli sells for $60,000 and charges a $15,000 yearly maintenance fee.

Why are you selling this business?

I have the skills required to operate it, but I don't have enough sales experience or connections required to sell to municipalities. If you have either of those things you can make a lot of profit, as the app and website are already developed.

Business Strengths

  • High Barrier of Entry to Market
  • High levels of Automation
  • High Profit Margins
  • Length of Operation in Niche
  • Sticky Business Model

Opportunities for a new owner

  • Launch New Products
  • Start Selling into New Markets
  • Introduce Further Revenue Streams

Key day-to-day operations

  • Customer Support / Service
  • Launching New Products
  • Programming / Development

Marketing

  • Email Marketing
  • Partnerships

Assets

  • Brand assets
  • Custom technology
  • Customer databases
  • Domains
  • Hosting accounts
  • Social media accounts
  • Website files, source code and content
  • Google Adwords

Social Media

Facebook
100 followers
Twitter
87 followers
Instagram
35 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Gabriel T

Verified Account

Canada

I'm a Computer Science graduate from the University of Ottawa, passionate about building new tools and apps to automate processes and help society!

Contact