Two AI-photo apps · $1.2M revenue · 30% SDE margin in 2026 · faceless · runs itself

2026 YTD: $926K revenue · $276K SDE · 30% SDE margin (Jan–Oct, 10 months — annualizes ~$331K). TTM $1.22M revenue · $278K SDE (net of refunds, chargebacks and pass-through VAT) · ~85% gross margin. Asking $800K all-cash — ~2.9× TTM SDE ($278K). By app (TTM): dating $799K revenue / $198K SDE · headshots $425K revenue / $79K SDE. A portfolio of two profitable B2C subscription apps on one proprietary AI-photo platform — a category-leading dating photo/profile product and a fast-growing professional-headshots product — cash-generative, faceless, and increasingly AI-operated. Sold as a whole (cleanest); either line can also be carved out.

✅ 30% SDE margin across 2026 YTD ($926K revenue → $276K SDE in 10 months) on 85% gross margin — TTM $1.22M / $278K SDE, net of refunds, chargebacks and pass-through VAT ($275K normalized). Four filed years (FY2022–25), SDE-positive in every one — both products profitable standalone (dating ~$198K SDE, headshots ~$79K) ✅ Runs without the founders — under 4 h/week per founder, review only; a freelance creative strategist and a paid creator roster run growth day to day, no employees, faceless brands, documented SOPs, and an AI agent layer that ships ~90% of code and runs most ops ✅ Owned audience that conveys — 370K social followers + a large US-majority email list + proprietary photo-rating datasets ($100K of human annotation), all included ✅ $65K MRR ($0.79M ARR), 31% trial→paid, 12.8% monthly churn, $133 per paying subscriber (measured) ✅ Durable revenue — with no new customers at all, the standing book still pays ~$325K over the next year and ~$473K over three (measured); the price is for the operating engine's earnings, and the value is its growth upside ✅ Real moat — photo-rating models trained on ~$100K of human-annotated proprietary data + custom generation pipeline (not a thin API wrapper); built by former Snap (Zenly) AI engineers ✅ Demonstrated margin dial, both directions — spend up = growth (revenue peaked ~$198K/mo), spend down = 37–51% EBITDA-margin months, and it was re-opened in Aug 2026: ad spend +52% MoM with CPA falling to $34 and ROAS rising to 1.53× (the buyer chooses the setting) ✅ Turning back up — revenue +25% MoM in July and +3% in August as paid was re-opened, then −6% in September and −2% in October as the headshots line's Google spend was cut back; and a third channel was built from zero in one quarter (a paid UGC-creator roster feeding both organic iOS installs and the ad account's creative) ✅ Quantified growth on the table — reopen the proven paid engine ($198K peak month), organic/SEO (already ranks in 12 languages), international (80% of revenue from just 4 English markets), B2B/team headshots, and audience monetization ✅ 99.9% web revenue via Stripe — no app-store tax; ~80% of revenue from US/UK/AU/CA ✅ Trustpilot 4.3 "Excellent" (249 reviews, dating) + 4.8 "Excellent" (555 reviews, headshots)