Business for Sale Overview:
The March Group currently represents a well-established and innovative provider of a proprietary suite of Windows-based financial software, primarily for municipal applications. Software suite of more than 25 applications covers tax billing and collection, fund accounting, payroll/human resource, and utility application needs for municipalities of all sizes and operating budgets. As part of a turnkey engagement, the Company also provides hardware, networking, and communications infrastructure requirements of its clients. Multi-year government contracts with annualized cash flow from support agreements in excess of $900,000, allowing for self-sustaining cash flow within a recession proof industry. Extensive experience in producing high-volume, transaction processing financial software systems for related financial industries, including a national tax lien acquisition platform provided to a multi-billion dollar bank. Enviable reputation for functional, user-friendly software and a strong focus on customer support and service result in exceptional customer relationships and a client retention rate exceeding 95%. Supports more than 1,000 users and has successfully deployed more than 500 financial and tax applications. Proven product development and installation/support paradigm with a scalable blue print ripe for national expansion. Boasting a very strong share of its state market, the Company has made significant headway into the markets of (regional) states; the active account base presently numbers 79. Managing shareholders would be interested in remaining with the firm under a recapitalization, which would provide the growth capital necessary for continued development.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Company operates from an 8,000-square-foot office facility with ample room for growth. The facility is leased from an unrelated third party.
Market Competition and Expansion:
Increased marketing efforts coupled with the investment in resources necessary to tailor the software suite for use nationally would drive growth well beyond proforma projections.
Reason for Selling:
Are interested in either a full or partial sale
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.