I am looking to acquire a top-ranking IOS app in the generative AI space. The annual revenue is ~$520,000USD and the profit margin is 59%. Opportunities to continue growth would be to expand onto other devices like android devices and PC, add new features such a video generation along with the audio generation, add features to support fast audiobook creation, create plugins for video editing programs so editors can work with custom AI generated audio and video clips directly in their software, add an AI generated music feature, sponsor content creators to promote the app. The revenue and profit are currently very stable and there is a $0 customer acquisition cost simply because of it’s App Store ranking which shows it stands on a firm base. Growth could be further propelled by marketing campaigns. I am in contact with the sellers now and want to move forward with the acquisition as soon as possible. I am willing to speak with both equity-financiers and debt-financiers to find the best option for moving forward.
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