Social & Financial Services Subscription Membership Firm

New York, NY
Asking Price: On Request
Business For Sale Details
Listed on Jun 26, 2024

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.

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Financials (USD)

Asking Price On Request

Cash Flow $1,400,000

Sales $3,500,000

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? No

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? No

Management will stay? No

Relocatable? Yes

Real Estate? No

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