We are delighted to outline this opportunity to acquire a high growth route planning application with a global presence
The company is an established and rapidly growing tech business operating in the social fitness space which owns a highly popular route planning and sharing application/platform used for outdoor pursuits such as; walking, cycling and running.
Launched in 2014, the application has benefitted from 8 years of product investment worth approximately £1m based on typical contract development rates. To date the business has relied solely on bootstrap investment.
Now a top ranked application used in over 200 countries worldwide, it has c. 300,000 registered users and a database of approximately 1 million mapped routes, with 6,000 new users and 30,000 new mapped routes typically added per month.
The business has demonstrated consistently strong early growth with high gross margins and has significant opportunity for future expansion and value creation, either in isolation or as part of a wider customer proposition.
The business has a “self-fuelling growth model” in that content growth attracts new users and new users then generate new content.
Based on market sources, the global health and fitness app market is projected to grow at a CAGR of over 20% between 2020 and 2027, to an estimated value of $15.6b.
The application has the potential to reach a large section of this market and has already attracted 300,000 registered users, including over 3,000 paid subscribers, without any marketing investment.
Current users include; cyclists, runners, hikers/walkers, event and race/challenge organisers, sports clubs/groups, guides, hotels and local authorities.
The business has the potential to become a world leading route sharing platform.
Currently UK based but operating globally and fully relocatable.
Revenue is generated from a roughly equal split of advertising and subscriptions. Annual revenue grew by 69% in 2020 to approximately £100,000, with a gross margin of 63%.
Forecast revenue of c. £140k and pre-tax profits of £100k in 2021.
|Turnover (£'000)||Adjusted EBITDA (£'000)|
All opportunities on this website have been posted by advisers, or occasionally by company owners. Deal Opportunities Limited is not acting on any of these opportunities.
All the information available to us for this opportunity is shown above. We do not have any additional information.
Please contact the person responsible for this opportunity in order to request further information, or to express an interest in it.
Offers air-conditioning, ventilation and heating solutions for retail and commercial clients, installing HVAC systems, delivering maintenance contracts and offering complementary hard-FM services.
World-renowned provider of specialist permanent make-up and cosmetic tattooing treatments, training and products which are in high demand.
Provider of comprehensive digital managed services and solutions for the benefit of clinical commissioning groups, community hospitals and mental health facilities.
Independent travel agency offering a diverse range of quality travel experiences, including tailor-made packages, to customers throughout the UK.
Provides all-encompassing, bespoke wholesale and distribution solutions for pharmaceutical products and medical devices, including the provision of local strategic, tactical and operational activities across Europe.
Collection of waste from septic tanks, oil collection and disposal, jet cleaning, road sweeping and sewage disposal.
Provision of high-quality, safe and reliable scaffolding services for clients based across the Home Counties, London and the surrounding areas, offering flexible solutions to suit a wide range of projects.
Distributor of products for the welding, fabrication and mechanical engineering markets, earning an excellent reputation as a provider of first-class services with competitive pricing.
Offers a comprehensive range of removals and storage services for private and commercial clients throughout South East England.
Full-service creative and direct marketing agency offering a comprehensive range of services to clients throughout the UK and internationally.