21–30 of 57 posts
You'd probably have more success posting this on Flippa if you haven't already.
Your 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 gr…
To 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!
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Q: I sold my app to another developer and can no longer distribute it on the App Store. Can I transfer the app to the new developer's iTunes Connect account?
A: No, you can’t transfer the app to another developer account on iTunes Connect. To add the app to another account, remove the app from the current account and upload it to the new iTunes Connect account.
Note that uploading the app to a new iTunes Connect account will disable current customers from receiving automatic and free updates of your application. All customer reviews, rating, and ranking information will be reset. You will not be able to reuse the app name and SKU in the old account. If you have uploaded a binary or used the app with the iAd Network, your Bundle ID will not be reusable either.
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I have no idea if special exceptions are possible, but that is their official policy:
Just curious -- why are you choosing to sell it instead of holding onto whatever passive income it generates? I love Cheddar, and judging by some of the sales data shown in the TechCrunch article it doesn't exactly look like it's bleeding money.
At best , it's generating about $1,750 per month right now[1], and probably represents a huge opportunity cost for Sam, especially given that he's involved full-time with another startup. [1] (33,499 * 0.0262) * $1.99/month = $1,746.57. More annual accounts means less money.
edit: explanation http://soff.es/one-thousand-dollars-an-hour
By that rate and the 800-hour figure, Cheddar would be one of the most expensive apps ever (utility vs cost).
Can I ask what is defined as a plus user? I cant see any evidence of a plus option on the cheddar web app.