Profitable mobile app with $120,000 in TTM revenue and $60,000 in TTM profit that allows homeowners input their property details, add photos, then send to all local agents TO respond with their opinion on value and their fees. Homeowners then choose who to instruct.
✅ $120,000 in TTM revenue
✅ $60,000 in TTM profit
✅ $10,000 in revenue last month
✅ $5,000 in profit last month
✅ Competitors: SmartVal, Netanagent
NB. Please note the financial figures provided in the 'financials' section are just to populate the section. The actual business forecasts can be provided on request. Since SEIS investment in March 2021, we have triggered revenues.
Using the existing validated commercial model (agent sign-up fee, commission fee, no monthly fee) the business breaks even after 3 years, assuming just 15% target market is met (forecasts available). Break even point can be brought forward if agents are willing to accept a monthly fee and or in addition to a sign-up fee/commission fee (which are currently low). This can easily be tested in the next phase.
What is the longer term vision?
To become every property owners first thought when they consider selling or letting.
To become a must have tool for agents.
To also provide virtual valuations for commercial property & land.
Enable users to order EPCs, floorplans, professional photos, safety certificates & inventories, all via the app.
Use our data to produce industry leading market reports.
Facilitate mortgage valuations for banks and lenders.
Manage the whole rental journey; from virtual valuation and virtual viewing, to e-signing an AST, to tenant move-in.
A globally scalable concept adding real value to the behavioural shift within property valuation.
‘Valuation; it is fundamentally the most important thing in real estate.’
Hire a B2B sales team
Add new product features
Key relationships made with 'influencers' and 'youtubers'
Codebase and IP