FOMO

Bought FOMO app with $0 down, paid seller from its own revenue

Justin Mares and a partner bought 85% of the Shopify app FOMO (then doing $14K/month) for under $400K, structured as monthly payments over 20 months funded by the app's own revenue. They came out of pocket roughly $0 to acquire it.

“we bought 85% of the business, we bought it, and then we were basically like, we're going to buy this and pay you in monthly chunks for the next 20 months. And so every like month for 20 months we used the revenue that we were making from FOMO to make our payment to him. And like my partner and I basically came out of pocket $0 to acquire this asset.”

Steal thisStructure an acquisition as seller-financed monthly payments funded by the target's own cash flow so you put in near-zero of your own money.

FOMO app grew from $14K to $95K/month after acquisition

After buying the Shopify app FOMO for under $400K (when it did $14K/month), Justin Mares grew it to about $95,000 per month.

“Now it does about $95,000 a month.”