You'd probably have more success posting this on Flippa if you haven't already.
Haven't heard of that. I'll post it. Thanks!
Cheddar is For Sale
11–20 of 57 posts
Re: Cheddar is For Sale
#12Curious - are you selling because it's a flailing company with not enough revenue or because the growth is hard to handle on the development side of the company?
Not selling because it's "failing". I consider it a success. I just don't have time to make it profitable enough to live on. I'd love to see some one take it to the next level.
Re: Cheddar is For Sale
#13Your stats don't mention how much revenue Cheddar is generating. That's the most important metric for determining the price!
Nobody cares how many hours you put into something when determining price. Based on your traction so far, this acquisition would be based on a revenue multiple, not as a strategic sale. For a niche SaaS product like this one, I would expect a valuation of 12X-24X monthly revenue depending on growth rate. Is this product making about $10K a month now to justify the $125,000 price? Take a look at some of the products on Flippa to get a sense of how much you could get.
Re: Cheddar is For Sale
#14Re: Cheddar is For Sale
#15To answer a question on the page: "I'm not sure how transferring apps from one Apple ID to another works. We can figure it out though." I'm fairly sure this is impossible. I know people (with large apps and the right contacts) that have tried, and never heard of it being possible. Unless something changed recently. You could transfer the account (unless other apps are also on it).
That's what I was thinking I'd have to do. The only other app on the account is Shares - http://getsharesapp.com.
Thanks for the info!
Re: Cheddar is For Sale
#16You'd probably have more success posting this on Flippa if you haven't already.
Haven't heard of that. I'll post it. Thanks!
I would set the minimum bid on Flippa far lower than the $125,000 asking price if you want to get any interest on there. People on Flippa are not startup guys and are a lot more realistic about valuation. I for one would be interested in exploring buying this, but it's not worth anywhere near what you're asking, so it's a non starter for me.
Re: Cheddar is For Sale
#17To answer a question on the page: "I'm not sure how transferring apps from one Apple ID to another works. We can figure it out though." I'm fairly sure this is impossible. I know people (with large apps and the right contacts) that have tried, and never heard of it being possible. Unless something changed recently. You could transfer the account (unless other apps are also on it).
That's what I was thinking I'd have to do. The only other app on the account is Shares - http://getsharesapp.com . Thanks for the info!
I've heard anecdotally that you can transfer apps but you'll need App Store support involved. It's not immediate though.
Re: Cheddar is For Sale
#1833503 users, 2.61% are paying 'plus' customers, at, say $20/year = ~$18k in revenue. You'd need to grow and monetize that base a lot more to get back $125k purchase price. I'm guessing someone might buy it, but there's a heck of a lot more ways you could spend $125k building a similar company to get to profitability faster. There's even more ways to spend $125k to make $18k/year. I'll happily let you invest in my com…
When selling most big ticket items you need to start with your dream selling price and hope someone will pay you that.
Most buyers will start by counter-offering half your advertised price.
Re: Cheddar is For Sale
#1933503 users, 2.61% are paying 'plus' customers, at, say $20/year = ~$18k in revenue. You'd need to grow and monetize that base a lot more to get back $125k purchase price. I'm guessing someone might buy it, but there's a heck of a lot more ways you could spend $125k building a similar company to get to profitability faster. There's even more ways to spend $125k to make $18k/year. I'll happily let you invest in my com…
Solid point. On the other hand, getting 30k users in general is pretty expensive from a marketing perspective. The real value is the potential.
No doubt, and it wasn't meant as a potshot, although perhaps it came across too sarcastically; anyone that can build an audience of that size, especially with paid users as a portion, is doing something right. I wrestle with free user bases barely 20% of that, and growth is harder to achieve that most people think.
Serious question here: what portion of the audience base is using this because of you personally? Not that you know 30k people, but perhaps a large part came because of your connections. Relatedly, how many of them might leave if they saw it changing hands to someone they didn't know (or perhaps everyone would cheer because someone with more time for new features was taking over)???
Re: Cheddar is For Sale
#20Earlier quoted context omitted.
Haven't heard of that. I'll post it. Thanks!
I would set the minimum bid on Flippa far lower than the $125,000 asking price if you want to get any interest on there. People on Flippa are not startup guys and are a lot more realistic about valuation. I for one would be interested in exploring buying this, but it's not worth anywhere near what you're asking, so it's a non starter for me.
Two separate points there. On Flippa, you want to start lower to generate interest and start bidding, but you want the bidding to build up to a higher amount. But it's also true that Flippa users tend to be "value investors" not ones who buy high potential. They also are not developers.