I believe I saw Andrew (founder, operator of MicroAcquire) tweet out that some deals are for partial equity of a company. It's really just a listing page and from there the buyer/sellers are free to do what they want. If you had apps that you want to offload, just list and see what type of buyers approach you. Since there are no listing fees it's no risk (other than your time).
The issue I had with Flippa when I listed a business there is that there are a TON of tire kickers. Flippa has a lot of users, but I'd say many aren't serious buyers. Flippa will prepopulate "inquiries" to sellers with some standard questions (ex. "How much time are you spending on the business each week?" etc). I learned to just ignore any message that contained only those prepopulated messages after a while. At first I spent time crafting responses to them only to be ghosted after that. If a potential buyer can't take the time to write their own opening message, they aren't serious.
If they are generating even the slightest bit of revenue, you'll likely find a buyer and will probably be surprised at the multiples people are paying.
Would it be a 2, 5 or 10 year multiple? None of my apps have subscriptions. They are all purchase for $.99 or $1.99 and supported for ... well, 10 years now. I've moved about 144K
Units in all.
So everyone is free to set their price, but here is the top 5 listings when I filter to those with >$1000 ARR.
$1k ARR --> listed for $20K
$240 ARR --> listed for $8K
$892 ARR --> listed for $9K
$99 ARR --> listed for $6.5K
$500 ARR --> listed for $15K
Now obviously people can ask for whatever they want and negotiate down, but you can see that multiples are crazy. To put it in perspective, my little app I sold I had made $5 TOTAL, and sold it fo4 $1500 USD and I had people telling me they would pay more after I had sold it. I think there is just a glut of people that want to get into small side gigs/startups that don't have the skills to code one. They see this as a kick start and lots of people can cobble together a few thousand.
The issue I had with Flippa when I listed a business there is that there are a TON of tire kickers. Flippa has a lot of users, but I'd say many aren't serious buyers. Flippa will prepopulate "inquiries" to sellers with some standard questions (ex. "How much time are you spending on the business each week?" etc). I learned to just ignore any message that contained only those prepopulated messages after a while. At first I spent time crafting responses to them only to be ghosted after that. If a potential buyer can't take the time to write their own opening message, they aren't serious.