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Social & Financial Services Subscription Membership Firm

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Online & Technology Businesses for Sale

  • Primary Industry: Websites & Ecommerce

This company began with a mission to empower the African Diaspora and has now expanded to support all similar communities across the United States and globally. It is dedicated to creating a global ecosystem that supports cultural identity and economic opportunity for these communities. This company is building a future where heritage and aspirations are celebrated and empowered.

With a global presence of over 200 million people of African descent, the African Diaspora is the largest and one of the most influential communities. The African American market alone was valued at $1.7 trillion in 2023, showcasing its immense purchasing power and economic significance. Black consumers are poised to shift approximately $260 billion—about 30 percent of their current aggregate spending—to companies that can better meet their needs and desires.

Innovative Business Model: Benefit from an integrated approach that combines social networking, tourism, marketplace, entertainment, and digital banking.

Economic Impact: Contribute to the economic empowerment of these communities, driving both social impact and financial returns.
Cultural Resonance: Engage with a platform that deeply understands and honors the cultural identity of its members, fostering unmatched loyalty and support.

Financial Information

  • On request Asking Price
  • $1,400,000 Cash Flow
  • $3,500,000 Gross Revenue
  • On request Down Payment

Business Location

  • City: New York
  • State: New York

Reason for Sale

  • Strategic growth and expansion to include proprietary technology and marketing

Detailed information

  • Year Established: 2021
  • Home Based: No
  • Franchise: No
  • Relocatable: Yes
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Part-Time Employees: 40
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: No
  • Inventory Value: N/A
  • Monthly Rent: On request
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • FF&E Included?: Yes
  • FF&E Value: On request

Training/Support

  • The ideal investor will be an investment group who recognizes the growth and profitability potential and can provide the resources for it to expand, or a strategic partner whose five-year plan includes innovation to compete and better meet the needs of Black consumers.

Facilities

  • What sets this business apart from others is its global reach and proprietary dynamic membership model.

Market Outlook/Competition

  • This company harnesses innovative technology and optimizes revenue diversification and growth. This asset-light model simplifies and personalizes experiences for profitability and sustainability. Emphasis is placed on delivering financial and social impact returns to shareholders, creating sustainable value in consumer market segments, and optimizing operational efficiency for market leadership.
Business Listed by
image of Frank Caroselli
Frank Caroselli
Sunbelt of Linden
Email Frank
Show Phone Number
Listing ID
LINDENJ001-55374

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