Two AI-photo apps · $1.3M revenue · 33% SDE margin in 2026 · faceless · runs itself

2026 YTD: $837K revenue · $280K SDE · 33% SDE margin (Jan–Sep, 9 months — annualizes ~$373K). TTM $1.33M revenue · $282K SDE (net of refunds and pass-through VAT) · ~87% gross margin. Asking $800K all-cash — ~2.8× TTM SDE ($282K). A portfolio of two profitable B2C subscription apps on one proprietary AI-photo platform — a category-leading dating photo/profile product and a fast-growing professional-headshots product — cash-generative, faceless, and increasingly AI-operated. Sold as a whole (cleanest); either line can also be carved out. ✅ 33% SDE margin across 2026 YTD ($837K revenue → $280K SDE in 9 months) on ~87% gross margin — TTM $1.33M / $282K SDE, net of refunds and pass-through VAT (~$275K normalized). Four filed years (FY2022–25), SDE-positive in every one — both products profitable standalone (dating ~$214K SDE, headshots ~$67K) ✅ Runs without the founders — ~4 h/week of total founder time, no employees (2 freelancers), faceless brands, documented SOPs, and an AI agent layer that ships ~90% of code and runs most ops ✅ Owned audience that conveys — ~370K social followers + a large US-majority email list + proprietary photo-rating datasets (~$100K of human annotation), all included ✅ ~$65K MRR (~$0.79M ARR), 31% trial→paid, 12.8% monthly churn, $133 per paying subscriber (measured) ✅ Durable revenue — with no new customers at all, the standing book still pays ~$326K over the next year and ~$475K over three (measured); the price is for the operating engine's earnings, and the value is its growth upside ✅ Real moat — photo-rating models trained on ~$100K of human-annotated proprietary data + custom generation pipeline (not a thin API wrapper); built by former Snap (Zenly) AI engineers ✅ Demonstrated margin dial, both directions — spend up = growth (revenue peaked ~$198K/mo), spend down = 37–51% EBITDA-margin months, and it was re-opened in Aug 2026: ad spend +52% MoM with CPA falling to $34 and ROAS rising to 1.53× (the buyer chooses the setting) ✅ Turning back up — revenue +25% MoM in July and +3% in August as paid was re-opened (September −6% as the headshots line's Google spend was cut back), at an improving CPA; and a third channel was built from zero in one quarter (a paid UGC-creator roster feeding both organic iOS installs and the ad account's creative) ✅ Quantified growth on the table — reopen the proven paid engine ($198K peak month), organic/SEO (already ranks in 12 languages), international (80% of revenue from just 4 English markets), B2B/team headshots, and audience monetization ✅ 99.9% web revenue via Stripe — no app-store tax; ~80% of revenue from US/UK/AU/CA ✅ TrustPilot 4.2 "Great" (212, dating) + 4.8 "Excellent" (553, headshots)