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Shopify App Startup Hong Kong
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#1-ranked Built for Shopify recommendations & upsell app raising AOV for 1,200+ stores

P&L Documents (1)
Asking Price
$333k
Multiples
4.9x profit
The asking price divided by TTM net profit.
Learn more about multiples
4.8x revenue
The asking price divided by TTM gross revenue.
Learn more about multiples
Annual Growth Rate
+113%
TTM Revenue
$70.1k
Profit
$68.2k
Last Month's Revenue
$6k
Profit
$5.9k

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Hong Kong

#1-ranked Built for Shopify recommendations & upsell app raising AOV for 1,200+ stores

This is a fast-growing Shopify upsell app that helps merchants increase average order value across the full buying journey. It combines product recommendations, cart upsells, free shipping prompts, checkout offers, post-purchase offers, and thank-you page promotions in one simple product. The business has strong organic traction and runs efficiently. It ranks #1 organically for “product recommendations” in the Shopify App Store, has 1,200+ installs, and a perfect 5.0 rating from 100+ reviews. With ~97% margins and under 5 hours of owner time per week, it is a profitable asset with clear upside. ✅ ~$70K TTM revenue, ~$68K TTM profit, $72K+ ARR, and 113% growth ✅ Usage-based model: revenue grows as merchants process more orders ✅ Built for Shopify certified with strong customer trust ✅ Low operating costs at about $1.5K/year ✅ Growth levers include ads, listing SEO, localization, better free-to-paid conversion, and new features
Asking Price
$333k
Multiples
4.9x profit
The asking price divided by TTM net profit.
Learn more about multiples
4.8x revenue
The asking price divided by TTM gross revenue.
Learn more about multiples
Asking Price Reasoning
$333K is about 4.9x TTM net profit of $68K, in line with Acquire's suggested multiple for Shopify apps. The app is the #1 organic App Store result for "product recommendations" with a 5.0 rating across 100+ reviews, runs at a ~97% margin on about $124/month in costs and under 5 hours a week, and October revenue more than doubled year over year. A buyer with a marketing budget has clear room to grow it.
Recent performance
TTM Revenue
Trailing twelve month (TTM) gross revenue.
$70.1k last 12 months gross revenue
TTM Profit
Trailing twelve month (TTM) net profit.
$68.2k last 12 months net profit
Last Months Revenue
Total gross revenue last month.
$6k last month gross revenue
Last Months Profit
Total net profit last month.
$5.9k last month net profit
Customer metrics
Customers
Total unique customers who have made a purchase.
1,000-5,000 Customers
ARR
The total recurring revenue over the last full month, annualized (MRR × 12). Excludes one-time fees and variable usage revenue.
$72.3k ARR
Annual Growth Rate
The percentage change in revenue over the last 12 months compared to the previous 12 months.
+113% Annual Growth Rate
Churn Rate
The percentage of paying customers lost over the last 12 months.
5-10% stable Churn Rate
Company overview
Date Founded
August 2024
Team Size
Just me (1)
Business Model
  • Business-to-business (B2B)
  • Freemium
  • Usage-based pricing
Shopify App Store app billed entirely through Shopify Billing. Merchants install free; a free-forever plan drives adoption, and the paid Basic plan ($9.99/month, 50 store orders included) adds usage fees as order volume grows. Revenue scales with merchant sales rather than seats, and Shopify handles invoicing and collection, so there is no payment-processing or collections overhead.
Tech Stack
  • React
  • Node.js
  • Shopify
React front end and Node.js back end on Shopify's app platform. Built for Shopify certified. Uses theme app extensions for storefront widgets (product page, cart, free shipping bar) and checkout/post-purchase extensions (Checkout Extensions API access approved by Shopify in 2024). Works with GemPages and PageFly.
Growth Opportunities
  • Expand to new markets
  • Increase digital marketing
  • Improve conversion rates
  • New product features
The app runs on about $1.5K a year in total costs and under 5 hours a week of owner time, so most growth levers are largely untouched: (1) Shopify App Store ads and listing SEO on high-intent terms like upsell, frequently bought together and post-purchase; (2) translating the App Store listing and app UI beyond English, since installs already come from the US, Europe and beyond; (3) converting more of the ~1,200 installed merchants from the free plan to paid with in-app onboarding and upgrade prompts; (4) cutting trial-stage churn (many uninstalls are merchants testing multiple apps) with guided setup; (5) new features such as A/B testing of offers to raise usage revenue per store.
Competitors
  • Selleasy (Upsell & Cross Sell)
  • Kaching Bundles
  • Bundler
Key Assets
  • Codebase
  • Intellectual property
  • Customers
  • Brand
  • Shopify App Store listing with 100+ five-star reviews
Acquisition details
Selling Reasoning
  • Starting a new venture
I'm focusing my time on other ventures. The app is stable and profitable, but it deserves an owner who can invest in marketing and new features. I'm happy to support a smooth handover of the app, code and merchant support.
Financing
  • Bootstrapped

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