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Marketplace United States verified premium solo team NEW VERIFIED SELLER

Peer-to-peer marketplace connecting homes with musicians hosting curated and intimate home concerts

Asking price
$300K
Revenue (12 mo)
$18,894
Revenue (mo)
$0
Profit (12 mo)
-4178
Profit (mo)
$0
Growth
-4%
Customers
1000-5000
Founded
November 2019
Listed
Oct 6, 2023
Updated
Jul 7, 2026

Marketplace activity

Views
225
Views (7 days)
4
Favorites
13
Conversations
9
P&L doc
Available

Description

A peer-to-peer marketplace that transforms how people gather through live entertainment, driving a sense of belonging amongst the community, better exposure to artists, and music discoverability. We achieved 330+ home concerts with more than 12K in attendance in just 2 markets. 50% retention rate amongst hosts and musicians. Strong word-of-mouth and referral channels with strong conversion rates. Key Stats: - 400+ musicians - 150+ homes - 12k attendees

Price history

  1. $500K
  2. ↓ $300K

Asking price reasoning

This is a household brand in South Florida and Puerto Rico. It is in the final legal process of being a Trademark brand nationwide with use in 360 advertising, merchandising, and beyond a database of 10K music lovers, musicians, and hosts/homes around Florida, Texas, NY, California, Illinois, and Puerto Rico A marketplace platform developed to have it run organically, as the platform keeps growing organically Can be turned into a booking platform Raised $1.1M with a $10M valuation CAP via SAFE from Goodwater Capital, Techstars Music, Concord, Warner Music, The Venture City, and more.

Tech stack

React, AWS, GraphQL, 8Base

Business model

P2P ticket sales with avg. ticket $35 per person - host sells tickets and makes 25% of gross revenue B2C ticket sales with avg. $50 per person - host pays for the experience

Growth opportunity

Increase digital marketing Expand to new markets Social media marketing Add new product features Increase content marketing Increase pricing Improve conversion rates
1) Transform it into a booking platform. 2) Pivot to B2B sales, offering the platform as a corporate benefit to help businesses foster cultures of inclusivity, engagement, and toxicity prevention. 3) Evolve it into a talent management agency, given our diverse range of musicians, including Grammy and Latin Grammy-winning artists, as well as emerging talents. 4) Maintain our vision of becoming the world's largest venue network by converting homes into the venues of the future. With 52% of Americans already hosting events in their homes an average of seven times a year, our goal is to scale this through a platform that streamlines logistics and rewards hosts for their efforts.

Competitors

Sofar Sounds Nomade

Highlights

Marketing materials Customers Brand Social media accounts Website Domain

Reason for sale

- Currently, there is no cash flow to operate the business. - Founder is currently unable to raise more money to run the business (I was unable to raise the right amount of money to tackle the problem due to market conditions)

Keywords

Entertainment Music Marketplace Florida Wellness

Listing history

  1. Oct 6, 2023 Unverified
  2. Oct 6, 2023 Submittedpreapprove
  3. Oct 6, 2023 Submitted
  4. Oct 6, 2023 Rejected
  5. Oct 6, 2023 Unverified
  6. Oct 6, 2023 Submitted
  7. Oct 6, 2023 Verified
  8. Oct 11, 2023 Unverified
  9. Oct 11, 2023 Submitted
  10. Oct 12, 2023 Verified
  11. Nov 9, 2023 Unverified
  12. Nov 9, 2023 Submitted