Retail Offers Sent to Mobiles In-Store and Passers By Listed for Sale on CrowdMnA

Venture Age 8/2017

London, City of, United Kingdom Internet Fashion

Retail Offers Sent to Mobiles In-Store and Passers By

Venture name

Stage of development

Coding

Cash Invested

Employees

Revenue

1 - 2 years

£10,001 - £100,000

0

The solution enables high street retailers to be able to send promotional messages to customers that enter their store or walk near their store, at distances pre-set by the store, for example, 200 feet. In addition, the retailer can use our solution to promote in-store offers to potential new customers within a certain pre-selected distance of the store. We do this by having an app (on Apple and Android) which is called our 'offers app' (name can be disclosed to serious buyers) which users sign up to and then select store names that they wish to be sent promitions on their mobile devices if they are near that store. Stores can then market to these potential new customers.

Myself (I am a developer) and two developer colleagues part time have spent nearly two years developing this solution. We developed it with a high street fashion store that has two stores in London and Manchester. The store initially trialled the solution for free before agreeing to pay a one year fee/license of £18,500. Having signed up one store many more can be signed up.

The reason for selling the solution is that myself and my two colleagues no longer wish to work on the business. Also, it would be best grown by someone with retailer contacts and also who can market our 'offers app'. It is a great solution and I would be more than happy to help in an ongoing part time role if required, or if not that is fine too.


To demo the technology you can sign up on our offers app and select the store that is using the technology, walk into this store or past it in London or Manchester and you will be sent a promotion to your mobile phone. Further demo on request.
Claimed revenue, costs and profit/(loss) for the last three years (verified with management accounts):
Year End Revenue Costs Profit/Loss
31 October 2018 £18,500 £-18,500 £0
Claimed revenue, costs and profit/(loss) for the last 12 months (verified with management accounts):
Month/Year Revenue Costs Profit/Loss
Oct 2018 £0 £-1,541 £-1,541
Sep 2018 £0 £-1,541 £-1,541
Aug 2018 £0 £-1,541 £-1,541
Jul 2018 £0 £-1,541 £-1,541
Jun 2018 £18,500 £-1,541 £16,959
May 2018 £0 £-1,541 £-1,541
Apr 2018 £0 £-1,541 £-1,541
Mar 2018 £0 £-1,541 £-1,541
Feb 2018 £0 £-1,541 £-1,541
Jan 2018 £0 £-1,541 £-1,541
Dec 2017 £0 £-1,541 £-1,541
Nov 2017 £0 £-1,541 £-1,541
Seller’s Q&A
Private Sale
Indicative price
£48,850
14 days left
3.5% of sale proceeds