OEB Digital https://oebdigital.com Off-Market Mobile App & Game M&A Broker Wed, 03 Jun 2026 15:01:26 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://oebdigital.com/wp-content/uploads/2025/10/favicon-150x150.pngOEB Digitalhttps://oebdigital.com 32 32 The Retention Trap: Why Mobile App Retention Metrics Cost One Founder $750khttps://oebdigital.com/mobile-app-retention-metrics/ https://oebdigital.com/mobile-app-retention-metrics/#respond Mon, 01 Jun 2026 14:23:34 +0000 https://oebdigital.com/?p=2842

In This Article

Mobile app retention metrics are the number that can cut a deal price in half. His app was doing $30,000 a month. Three months earlier, it had been doing $8,000. Growth was vertical, the product was hot, and the number $1M had come up in our first conversation. A 3x multiple on the trailing 12 months. He was already spending it.

Then we pulled the mobile app retention metrics.

What the Dashboard Was Hiding

The growth was real. But so was the problem underneath it. The app had gone viral through a specific Reddit thread, and 60% of new users had arrived in a three-week window. Day-30 retention was sitting at around 3%. Industry averages for mobile apps hover between 5 and 7%. For subscription-based apps, buyers expect to see 12% or higher.

This wasn’t a growing business. It was a spike with a very predictable cliff.

When a buyer’s due diligence team looks at your app, MRR is the starting point, not the conclusion. The real scrutiny comes when they open your cohort data. How many users from six months ago are still paying today? What does your Day-1, Day-7, and Day-30 retention look like across acquisition channels? If your biggest traffic source disappeared tomorrow, what does revenue look like in 90 days?

This founder’s answers weren’t good.


The Numbers Buyers Actually Use

Buyers evaluating mobile apps for sale build a model. That model starts with retention.

If your Day-30 retention is 5%, a buyer assumes that for every 100 users you acquire, 5 will still be there in a month. They multiply that by average revenue per user, then by acquisition volume, and that tells them what the business generates in steady state.

Viral spikes break the model. A one-time traffic event inflates MRR in a way that doesn’t repeat. When buyers see a steep growth curve alongside a 3% Day-30 retention rate, they don’t see upside. They see risk they’d be buying at the peak of.

The founder didn’t believe it. “The users are there,” he said. “The revenue is there.” It was, right up until it wasn’t.

mobile app retention metrics: Day-30 retention curve showing a spike and drop

The Cliff

Three months after our first conversation, MRR had dropped from $30,000 to $8,000. The Reddit thread dried up. The burst of users stopped opening the app. Subscriptions lapsed. There was no retained base to hold the floor.

The $1M conversation became $250,000.

That $750,000 didn’t evaporate because the market shifted. It disappeared because the mobile app retention metrics buyers use to price acquisitions were never there to support the valuation. No buyer will pay a premium multiple for revenue built on a single traffic event. When MRR normalizes, so does the multiple, and both hit at the same time.


How to Fix Your Retention Before You List

If you’re planning to exit in the next 12 to 24 months, your mobile app retention metrics for sale preparation should start today. Not your download count. Not your next revenue push. The percentage of users who come back.

Onboarding first. Most apps lose 60 to 70% of users in the first 48 hours. This is almost always an onboarding problem. A user who doesn’t see value before they close the app the first time won’t open it again. Shorten the path from install to that first moment of value.

Day-7 engagement. Push notifications, in-app prompts, and email follow-ups sent on Day-2, Day-5, and Day-7 have a measurable impact on 30-day retention. The goal is to build a habit loop before the user forgets the app exists.

6 months of clean cohort data. Buyers will ask for it. If you can show that the cohort from January still has 15% retention in June, that is a very different story than a single MRR screenshot. Give yourself enough runway to build that record before you go to market.

Channel diversification. If more than 20% of your revenue comes from one traffic source, buyers will discount the business. Build organic, referral, or paid channels with predictable returns.


What Mobile App Retention Metrics Mean for Your Exit

Mobile app retention metrics for sale conversations are where most founders get surprised. The number they have been watching is MRR. The number a buyer is watching is cohort retention six months out.

A business generating $15k MRR with 18% Day-30 retention is often worth more than one with $30k MRR and 3%, because the buyer’s model tells them where the $15k is in six months. The $30k is anybody’s guess.

The founder in this story had a solid product. The core of the app worked. But by the time retention had stabilized and a new revenue baseline was established, 12 months had passed and the market had moved.

Don’t wait for a viral spike to sell. Don’t try to sell during one. Sell when you have 6 to 12 months of clean, improving retention data, and buyers can model the future themselves.

OEB Digital has closed $20M+ in mobile app and game deals across 40+ countries. If you want to understand what buyers will see when they look under the hood of your business, start the conversation at oebdigital.com/sell-my-app/.

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Why Two Buyers Offered $180k Apart for the Same Apphttps://oebdigital.com/app-valuation-multiple-buyers/ https://oebdigital.com/app-valuation-multiple-buyers/#respond Tue, 26 May 2026 09:15:09 +0000 https://oebdigital.com/?p=2765 Two buyers looked at the exact same app and came back with a wildly different app valuation multiple. Same $28k MRR. Same retention. One offered $180k more than the other. The gap had nothing to do with the numbers.

This happens more often than most founders realize. And it has nothing to do with the numbers – it has everything to do with the app valuation multiple each buyer was willing to pay, and why.

What Each Buyer Was Actually Buying

The gap between those two offers had nothing to do with negotiation tactics, the data room, or how the app was presented. It came down to what each buyer was actually trying to accomplish.

Most deal processes treat all buyers the same. Send the financials, wait for offers, see who bids highest. That works, but it misses something important: buyers in the same deal can be after completely different things.

The first buyer in this deal was a financial operator. He ran a portfolio of apps and bought on yield. For him, $28k MRR was the asset. He ran his standard model, landed at 3x annual SDE, and that was the offer.

The second buyer was a SaaS company that had been trying to break into mobile for two years. They had the product. They had the team. What they did not have was a user base in the category. This app handed them that in one transaction.

For them, the $28k MRR was almost irrelevant. They were buying market entry. Their offer came in at 5x.

Same app. Same data room. A $180k gap in final offers. That gap is the app valuation multiple in action – and it tells you everything about who you are selling to.

app valuation multiple: same app, two different buyer offers

Strategic Buyers vs. Financial Buyers: What Is Actually Driving the Market

This is not a one-off story. It reflects a broader shift in who is buying mobile apps right now.

Strategic acquirers made up over 62% of lower-middle-market software transactions in 2025, according to Axial’s deal activity data, up from 55% in 2023. Operating companies are treating mobile app acquisition as a growth engine, not just a yield play. They are buying user bases, category access, and defensible niches they cannot build fast enough on their own.

Financial buyers still operate on yield. A 2x to 3x annual SDE multiple is their anchor. They will optimize operations, maybe merge it with another asset in their portfolio, and hold for five to seven years.

Neither type is wrong. But they value your app for completely different reasons. And if you only pitch to one type, you are leaving real money behind.


What This Means When You Want to Sell My App

Most founders who decide it is time to sell my app start by asking what the app is worth. That is the wrong first question. The right one is: worth it to whom?

The pitch comes after you understand what the buyer actually needs. Not what they say they want. What they are trying to solve.

A financial buyer wants predictability. Clean books, consistent MRR, low churn, simple operations. If your app fits that, your job is to prove the numbers hold up under scrutiny.

A strategic buyer wants fit. They are asking whether your user base overlaps with their target market, whether your tech integrates with their stack, whether buying you gets them somewhere faster than building from scratch. If your app fits that, the app valuation multiple conversation looks completely different.

The app valuation multiple you land is not just a function of your revenue. It reflects how much the right buyer wants what you have specifically built – and whether your deal process reached them at all.

At OEB Digital, we have closed over $20M in mobile app M&A deals, working with founders across 40+ countries. The deals that close at the top of the range almost always share one thing: the buyer and the asset were genuinely aligned before the first number was discussed.


The Practical Takeaway

If you are thinking about selling your app in the next 12 to 24 months, start here.

Write down the three most defensible things about what you have built. Not just the revenue. The user base, the category, the retention, the niche you own. Then ask yourself honestly: who would pay a premium to own those things?

A financial buyer is paying for yield. A strategic buyer is paying for access to something they cannot replicate quickly. Your job is to find the second type if your app qualifies.

Not every app has strategic buyer appeal. But the ones that do are almost always undervalued when they go through a process built for financial buyers only.


Common Questions About App Valuation Multiples

What is a typical app valuation multiple? Financial buyers typically pay 2x to 4x annual SDE for profitable apps with clean books and consistent revenue. Strategic buyers can push well past 5x when the app gives them market access, a user base, or a category position they cannot build on their own.

What drives a higher app valuation multiple in a mobile app acquisition? The biggest driver is buyer fit. An app sold to the right strategic buyer will almost always command a higher multiple than the same app sold through a process built for financial operators. Category, user base quality, retention, and the cost of building an alternative all factor in – but only if the right buyer is in the room.

How long does a mobile app acquisition typically take? Most off-market deals close in 60 to 120 days from first introduction to wire transfer. Deals with messy financials, unclear ownership, or misaligned seller expectations take longer. The cleaner your books and the clearer your terms, the faster it moves.


Ready to Understand What Your App Is Worth to the Right Buyer?

We work exclusively off-market. No public listings. No tire-kickers. Serious buyers only.

If you are building toward an exit and want to know how the right buyer would value your app, start here. OEB Digital has closed $20M+ in app and game deals across 40+ countries.

And if you are a buyer looking for apps in the $5k to $500k monthly net profit range, see what we have available.

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Maximizing Value: A Strategic Guide to Preparing Your App for Salehttps://oebdigital.com/preparing-your-app-for-sale/ https://oebdigital.com/preparing-your-app-for-sale/#respond Wed, 08 Oct 2025 19:00:16 +0000 https://oebdigital.com/?p=1670 Most founders wait until they are ready to sell before preparing your app for sale. By then, it is too late to fix the things that actually move the multiple.

Buyers do not just evaluate your current numbers. They look at trajectory, consistency, and whether the business will hold up six months after they own it. Preparing your app for sale is the work that separates deals that close at strong multiples from deals that drag on, get retrades, or fall apart entirely.

Here is what that preparation actually looks like.

Preparing your app for sale: reviewing mobile app acquisition documents

What Buyers Actually Check When Preparing Your App for Sale

Buyers with real capital have seen enough bad deals to know exactly where to look for problems. The first 15 minutes of any serious evaluation cover the same ground.

Revenue and profit clarity. Can they understand your P&L in under 10 minutes? If your numbers live in six different spreadsheets and require you to explain them, that is a red flag. Clean, documented financials with a clear SDE (Seller’s Discretionary Earnings) number are the foundation of any strong listing.

Churn and retention. High MRR with high churn is not a business. It is a treadmill. Buyers will pull your Day-7, Day-30, and Day-90 retention numbers. If those are not ready to show, start there before anything else.

Traffic and acquisition mix. Is your growth paid or organic? Paid growth that disappears the moment someone stops running ads is a liability. Organic, direct, or word-of-mouth driven growth is worth significantly more at exit.

Operational clarity. How many hours per week does the app require? Who runs what? If the business only works because you personally handle everything, that is a risk a buyer has to price in.

The 90-Day Window That Determines Your Multiple

Preparing your app for sale does not start when you decide to list. It starts 90 days before.

Three months gives you enough time to fix what buyers will find anyway, document what they will ask for, and position what matters most.

Fix what is easy to fix. Outstanding support complaints. Platform policy issues. Any store compliance gaps. Apps that fail App Store review guidelines or Google Play policies give buyers a reason to lower their offer or walk away. These take weeks to resolve. Fix them before they become negotiating leverage against you.

Document what runs the app. SOPs for every recurring task. Contractor agreements in writing. Store account credentials organized and accessible. A buyer cannot acquire what is not documented.

Stabilize your revenue curve. A consistent $15K per month closes at a better multiple than a range between $8K and $22K, even if the average is the same. Predictability is what buyers pay for. Spend the 90 days smoothing any volatility you can control.

Get your legal house in order. IP ownership confirmed. Employment and contractor agreements signed. Any pending disputes resolved or disclosed. None of these should be surprises in a data room.

Mistakes That Kill App Valuations

The founders who leave money on the table tend to make the same mistakes. These show up most often.

Going to market before you are ready. Messy financials and undocumented operations signal desperation and invite low offers. A buyer who senses you need the deal closed will negotiate accordingly.

Underestimating retention. Apps with $30K MRR and 3% Day-30 retention are worth far less than apps with $15K MRR and 40% Day-30 retention. Retention is a proxy for product quality. Buyers know this and price it directly.

Accepting the first offer. The first offer is rarely the best offer. Buyers who move fast are testing whether you will accept less. A proper process with multiple qualified buyers creates competition. Competition creates price.

Not knowing your floor. If you do not know the minimum you will accept and why, you will make emotional decisions under pressure. Set that number before the first call. Not after.

Preparing Your App for Sale With OEB Digital

Preparing your app for sale with OEB Digital means arriving at the process with clean metrics, documented operations, and expectations calibrated to what buyers are actually paying right now.

We run a data-backed valuation before anything goes to market. That means you know where you stand relative to the 1,500+ buyers in our network, based on live deal data, not guesswork.

From there, we build the listing materials, handle outreach exclusively off-market, and manage negotiations end to end. You make the final call on every offer. We handle everything in between.

$20M+ closed. Zero public listings. Serious buyers only. See our real founder outcomes.

If you are thinking about preparing your app for sale in the next 6 to 24 months, start here.

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How to Sell Your App and Get the Best Exit Valuehttps://oebdigital.com/how-to-sell-your-app-and-nail-your-exit/ https://oebdigital.com/how-to-sell-your-app-and-nail-your-exit/#respond Wed, 17 Sep 2025 12:09:52 +0000 https://oebdigital.com/?p=925 Most founders who search “how to sell your app” are looking for a checklist. Step one: get a valuation. Step two: list it somewhere. Step three: wait for offers. That approach works if you want an average exit. This guide covers what actually drives a great one.

The difference between a 3x and a 5x deal is rarely the app itself. It is the preparation, the process, and the type of buyer you end up in front of. Here is what that looks like in practice.


Get Your Numbers in Order Before You Do Anything Else

Before you start talking to buyers, your financials need to be clean, complete, and easy to hand over.

Most buyers will look at 12 to 24 months of monthly revenue, your net profit, and your seller’s discretionary earnings (SDE). If you cannot produce those numbers in 20 minutes, you are not ready to sell.

What to have ready: monthly revenue broken down by source, net profit margin, a clear list of expenses that will not transfer to a new owner (your salary, personal subscriptions, one-off costs), and basic documentation on your tech stack and any third-party dependencies.

Apps with clean books close faster and get better offers. Buyers discount anything they cannot verify quickly. Every day they spend chasing documentation is a day they start wondering what else is missing.


Understand What Your App Is Actually Worth

App valuation in the mobile space is almost always based on a multiple of annual SDE. For most profitable apps, that range is 2x to 5x.

Where you land in that range depends on several things: revenue consistency (bumpy MRR gets discounted), user retention and churn, how much the app depends on you personally, and whether the app has strategic value to a specific type of buyer.

A financial buyer will anchor around 2x to 3x on clean cash flow. A strategic buyer who needs your user base or category access can push past 5x. Knowing which type of buyer your app appeals to changes how you position it entirely. This is one of the most overlooked parts of how to sell your app at the top of the range.


Find the Right Buyer, Not Just Any Buyer

The biggest mistake founders make when they decide to sell is sending their app to everyone and waiting to see who bites.

Not every buyer values your app the same way. A portfolio operator looking for yield sees your $18k MRR as a cash flow asset. A SaaS company trying to break into mobile sees your 200k active users as a distribution channel they cannot replicate in two years of building.

The second buyer pays more. Finding them is not luck. It is process.

If you are selling without a broker, build a targeted list of companies or operators who would benefit most from what you have built. The quality of buyers in your process matters far more than the number of offers you collect.


What the Sale Process Actually Looks Like

Most off-market mobile app deals follow a similar path: introduction, NDA, data room review, letter of intent, due diligence, and close.

From first serious conversation to wire transfer, expect 60 to 90 days if everything goes smoothly. Deals with unclear ownership, inconsistent revenue, or misaligned expectations on both sides take significantly longer.

The biggest time sink is due diligence. A buyer will want your analytics, payment processor history, codebase access, app store account history, and often a call with key team members. The more prepared you are going in, the faster and cleaner the close.


Mistakes That Kill App Sales

Pricing it wrong. Too high and serious buyers walk away. Too low and you signal something is wrong with the asset. Get a realistic valuation before you approach anyone.

Not having documentation ready. Buyers who have to chase basic information lose confidence fast. The deal does not die in one big moment. It dies in a dozen small frustrations.

Talking to one buyer at a time. Without competition in the process, you have no leverage. Even one other serious buyer at the table changes the dynamic entirely.

Getting emotionally attached to the number. Your asking price is not a reflection of how hard you worked. It reflects what a buyer believes they can make from the asset going forward.


Common Questions About How to Sell Your App

When is the right time to sell your app? The best time is when revenue is stable or growing, your metrics are clean, and documentation is in place. Selling from a position of strength always gets better outcomes than selling out of urgency or burnout.

Do I need a broker to sell my app? Not always, but most founders who go it alone leave money on the table or lose the deal in due diligence. A broker who specializes in mobile apps brings a qualified buyer network, deal structuring experience, and negotiation support that more than pays for itself in the final price.

How long does it take to sell a mobile app? From first introduction to close, most off-market deals take 60 to 120 days. Getting your financials and documentation ready before you start will cut that time significantly.


Ready to Sell Your App the Right Way?

If you are thinking about how to sell your app in the next 6 to 24 months, the best time to start preparing is now. Apple requires a formal app transfer process that can add weeks to a close if you are not prepared for it. Start before you need to.

OEB Digital works with app founders across 40+ countries, off-market only. No public listings. Serious buyers already in the network. Before you start, read about the emotional side of selling your app — most founders are surprised by it. When you are ready to move, start here.

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The Emotional Side of Selling Your Mobile Apphttps://oebdigital.com/the-emotional-side-of-selling-your-mobile-apps-or-games/ https://oebdigital.com/the-emotional-side-of-selling-your-mobile-apps-or-games/#respond Wed, 17 Sep 2025 11:54:40 +0000 https://oebdigital.com/?p=906

In This Article

Nobody warns you about the emotional side of selling your mobile app. The business conversation is all about multiples, MRR, and due diligence. What nobody mentions is that you might feel relieved and devastated on the same day the wire hits.

This is one of the most common things founders tell us after a deal closes. And it catches almost everyone off guard. Here is what the emotional reality of selling your mobile app actually looks like, and why it matters for how you run the process.


Your App Is Not Just a Business

Most founders spent years building what they are now trying to sell. Early mornings, weekends, the version that almost worked, the update that saved everything. That history does not disappear when you open a data room.

When a buyer starts poking at your numbers, questioning your retention, or pushing back on your valuation, it can feel personal. It is not. Buyers are not evaluating you. They are evaluating a cash-generating asset they are about to pay a significant amount of money for. Understanding that distinction early makes the process significantly easier to manage.

The founders who handle the emotional side of selling best are the ones who separate their identity from the outcome of the deal before the process starts. Not during. Before.


Costly Mistakes When Selling Your Mobile App

The period between signing an LOI and closing a deal is when most emotional mistakes happen when selling your mobile app. You have agreed on a price in principle. Due diligence is underway. And then a buyer asks a question that feels like an accusation, or they come back asking to renegotiate a number you thought was settled.

Founders who are emotionally unprepared do one of two things at this point. They cave immediately on price just to end the discomfort. Or they blow up the deal out of frustration over something that a calm conversation would have resolved in 20 minutes.

Both responses are expensive. A good advisor or broker helps here not just with the negotiation tactics but with the emotional steadiness to not make a decision you will regret when the adrenaline drops.

The emotional stages of selling your mobile app

The Ambivalence Nobody Talks About

Many founders feel genuine grief after selling their mobile app, even when the exit was exactly what they wanted. This is normal. You built something real, spent years on it, and now someone else owns it. The money is in your account and you are not quite sure what comes next.

The founders who manage this best are the ones who had a clear answer to “what am I doing after this?” before the deal closed. It does not have to be a grand plan. It just has to be something. The absence of a next chapter is what makes the post-sale period feel disorienting for so many people.

Some founders buy another app. Some start a new company. Some take a year off deliberately. All of those are good answers. Having no answer at all is what creates the emptiness that follows a sale you should feel proud of.


How to Prepare Emotionally Before You Start

Talk to someone who has been through it. Not a financial advisor. A founder who sold. The practical experience of what the process actually feels like is more useful than any amount of theoretical preparation.

Get clear on your number before you enter the market. Know the minimum you will accept and why. When emotions run high during negotiation, having a pre-committed floor keeps you from making reactive decisions in either direction.

Decide in advance what you will do with the first 90 days after close. Even a rough plan helps. The transition from “running the app” to “not running the app” is jarring if you have not thought about it at all.


The Founders Who Come Out Best

After working with founders across 40+ countries and $20M+ in closed deals, a pattern is clear. The exits that feel best, not just financially but personally, share a few things.

The founder was selling from strength, not desperation. They had a clear sense of what the app was worth and did not let a low first offer rattle them. They had a plan for what came next. And they ran the process with an advisor who had been through it before and could steady the ship when things got tense.

The financial outcome matters. But how you feel six months after the deal closes matters too. Both are worth planning for.


Thinking About Selling Your Mobile App?

We work with founders who want a clean, off-market exit. No public listings. No tire-kickers. Just a process that gets you to the right buyer at the right price, with as little friction as possible. Research on founder transitions consistently shows that having a clear plan for what comes next is the single biggest predictor of how founders feel six months after close.

If you are thinking about selling your mobile app in the next 6 to 24 months, read why working with a mobile app broker changes the outcome. When you are ready, start here.

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Why Use a Mobile App Broker to Sell Your Apphttps://oebdigital.com/why-use-a-broker-for-your-mobile-exit/ https://oebdigital.com/why-use-a-broker-for-your-mobile-exit/#respond Wed, 17 Sep 2025 11:54:12 +0000 https://oebdigital.com/?p=901 Most founders try to sell without a mobile app broker. Here is what usually happens. A founder with a $35k MRR app decided to sell it himself. He found a buyer, agreed on a price, and shook hands on a deal. Three months later, the deal was dead. The buyer walked during due diligence after finding inconsistencies in the revenue data. The founder had not noticed them. A mobile app broker would have caught them in week one.

This is not a rare story. Most founders who sell without a specialized broker either leave significant money on the table or lose the deal entirely. Here is what a mobile app broker actually does, and why the right one pays for itself many times over.


What a Mobile App Broker Actually Does

Most people think a broker just connects a buyer and a seller and takes a fee. That is about 10% of the job.

A specialized mobile app broker prepares your financials for buyer scrutiny, builds your data room, identifies which type of buyer your app appeals to, runs a structured process to create competitive tension, manages due diligence, and holds the deal together when one side gets cold feet. That last part alone saves more deals than most founders realize.

In the mobile app and games space specifically, a good broker also brings a network of pre-qualified buyers who are actively looking to acquire. You are not starting from zero. You are walking into a room of people who already want what you have.


Why Going It Alone Usually Costs More Than the Broker Fee

There are three ways founders lose money when they sell without a mobile app broker.

They price it wrong. Without market data on comparable deals, founders either underprice and leave money behind, or overprice and scare off serious buyers. Either way, the final number suffers.

They talk to one buyer at a time. Without competitive tension in the process, buyers know they can take their time and push on price. A broker runs a structured process where multiple buyers are engaged simultaneously. That pressure alone typically adds 10 to 30% to the final offer.

They are not prepared for due diligence. Buyers probe hard. Revenue consistency, ownership structure, app store account history, codebase quality, churn data. A broker prepares all of this in advance so nothing surprises the buyer mid-process. Surprise kills deals.


What to Look for in a Mobile App Broker

Not all brokers are equal, and most general business brokers are not equipped to sell mobile apps. The space has its own valuation frameworks, due diligence requirements, and buyer types that a generalist simply does not know.

Look for a broker who has closed real deals in the mobile app or games space, not just listed them. Ask how many deals they have closed in the last 12 months, what the average deal size was, and how long deals typically take from start to close. Good brokers have clear answers to all three.

Also ask whether they work off-market or list publicly. Off-market deals protect your confidentiality with employees, users, and competitors. A broker who posts your app to a public marketplace is working a volume game. A broker who brings it to a curated network of pre-qualified buyers is working your deal.


When Does Using a Broker Make Sense?

If your app generates more than $5k in monthly net profit and you want a clean, fast, off-market exit, a specialized mobile app broker is almost always worth it. The fee is typically a percentage of the final deal value, meaning the broker only wins when you win.

If you already have a direct buyer relationship, a strong network of operators, and experience structuring M&A deals, you might be fine on your own. Most founders do not have all three.


Common Questions About Using a Mobile App Broker

How much does a mobile app broker charge? Most specialized brokers charge a success fee of 10 to 15% of the final deal value, with no upfront cost. Some charge a small preparation fee for due diligence work. The fee should always be tied to the outcome, not the effort.

Will using a broker slow down the process? The opposite. A broker who has done this before runs a structured timeline. Most off-market deals managed by an experienced broker close in 60 to 90 days. Founder-led deals with a single buyer typically take twice as long, if they close at all.

Can I stay anonymous during the process? Yes. A good mobile app broker uses NDAs before sharing any identifying details, and keeps your name and app identity confidential until serious buyers have qualified. Your employees, users, and competitors do not need to know you are considering an exit.


Work With a Broker Who Specializes in Mobile Apps

OEB Digital works exclusively with mobile app and game founders. Off-market, no public listings, serious buyers only. We have closed over $20M in deals across 40+ countries. See how strategic buyers now make up 62% of lower-middle-market acquisitions, and why that matters for your exit multiple.

If you are considering a sale, read our guide on how to sell your app and understand what your exit could look like. When you are ready, start here.

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What to Expect When Selling Your App: The Full Processhttps://oebdigital.com/what-to-expect-when-selling-your-app/ https://oebdigital.com/what-to-expect-when-selling-your-app/#respond Wed, 28 Aug 2024 11:54:00 +0000 https://oebdigital.com/?p=907 If you want to know what to expect when selling your app, the honest answer is: it takes longer than you think and pays more than most estimates suggest. A founder recently told us she thought it would take two weeks. She had clean books and a buyer in mind. It took four months.

What to expect when selling your app depends heavily on how prepared you are and who you are selling to. This is the timeline and process that most off-market mobile app deals actually follow.


Stage 1: Preparation (2 to 4 Weeks)

Before any buyer conversation starts, you need your house in order. This is the stage most founders skip, and it is the one that causes the most problems later.

What preparation looks like: 24 months of clean monthly revenue data, a clear breakdown of your net profit and SDE (seller’s discretionary earnings), documentation of your tech stack, app store account history, and a list of any third-party services the app depends on.

If your books are messy or your revenue attribution is unclear, fix it before you start talking to buyers. Every inconsistency they find during due diligence costs you negotiating power, and sometimes the deal itself.


Stage 2: Finding Buyers and Initial Conversations (2 to 4 Weeks)

Once your materials are ready, the process moves to buyer outreach. In an off-market deal, this means approaching a targeted list of qualified buyers and not posting publicly.

Initial conversations are high-level. A buyer will want to understand the revenue model, the user base, the category, and why you are selling. They are not asking technical questions yet. They are deciding whether the opportunity fits what they are looking for.

Expect to sign NDAs before sharing any details. A serious buyer will respect this. Anyone who pushes back on signing an NDA before getting your financials is not someone you want in your deal.


Stage 3: Letter of Intent (1 to 2 Weeks)

A buyer who is serious after reviewing your financials will issue a letter of intent (LOI). This is a non-binding offer that outlines the proposed deal structure: price, payment terms (cash at close, earnout, seller financing), and any key conditions.

When selling your app, the LOI stage is where valuation is set. The number in an LOI is rarely the final number, but it anchors the negotiation. This is why having competitive tension matters, multiple LOIs give you leverage to push the price up.

Do not sign an LOI with a long exclusivity period unless you are fully confident in the buyer. Exclusivity means you stop talking to everyone else. If that buyer walks, you have lost weeks.


Stage 4: Due Diligence (3 to 6 Weeks)

Due diligence is the most intense part of what to expect when selling your app. The buyer is verifying everything you told them.

They will review your payment processor history, analytics data, app store connect account, codebase, any contracts or agreements, and often speak with key team members. Financial buyers focus heavily on revenue consistency and churn. Strategic buyers dig deeper into the user base, tech stack, and integration complexity.

Deals die most often here, not because the app is bad, but because the seller was not prepared. A revenue discrepancy you did not notice, an ownership question you never documented, a dependency you did not disclose, any of these can kill confidence at the worst possible moment.

The best thing you can do is front-load transparency. Share everything relevant early, on your own terms, rather than waiting for a buyer to find it.


Stage 5: Close and Transfer (1 to 2 Weeks)

Once due diligence is complete and both sides are satisfied, you move to closing. This involves signing the purchase agreement, transferring assets (app store accounts, codebase, domain, analytics), and receiving payment.

Most off-market mobile app deals use an escrow service like escrow.com to protect both sides. The buyer deposits funds, the seller transfers assets, and the escrow releases payment once the transfer is confirmed. The whole closing process typically takes 5 to 10 business days.

Expect a transition period after close. Most buyers want 30 to 60 days of seller support, where you are available to answer questions and help them get up to speed. This is usually agreed in the LOI and built into the deal structure.


Common Questions About Selling Your App

How long does it take to sell an app from start to finish? Most off-market deals take 60 to 120 days total. The preparation stage is the one founders consistently underestimate. Getting your financials and documentation ready before you approach anyone will compress the timeline significantly.

What kills most app sale deals? Revenue inconsistencies found in due diligence, sellers who are unprepared to answer technical questions quickly, exclusivity periods given to buyers who are not serious, and founders who set emotional prices disconnected from what the market will actually pay.

Should I use a broker to sell my app? It depends on how much time you have and whether you want the best outcome. A broker handles buyer sourcing, valuation, negotiation, and the full deal process so you can focus on running the business while the sale is in motion. Without one, most founders either undervalue their app, talk to the wrong buyers, or run out of patience halfway through due diligence. If your app is generating above $5k MRR, working with an experienced broker typically pays for itself several times over in the final multiple.


Know What You Are Getting Into Before You Start

Selling your app is a process, not an event. The founders who come out with the best outcomes are the ones who focused on preparing your app for sale long before they needed to, not the ones who scrambled when a buyer appeared.

OEB Digital works with app founders through every stage of this process, off-market and confidential. If you want to understand what your exit could look like, start here.

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