Business for Sale Overview:
The March Group currently represents a well-respected software development and technology consulting firm focusing on a suite of specialized software and consulting services primarily for the travel industry. The Company has grown significantly with 75% year-over-year increase as of Q2 2008. Revenues from 2007 were split between the two business units with 65% for Travel Services/Products and 35% for Global Services. Following are the company highlights: A well-established and innovative provider of turnkey software products and services. A proven travel technology product asset based on many years of product development and successfully deployed at several customer locations. Software generates recurring revenue on a per transaction basis. Total revenue for 2008 is projected to increase over 78% to $1.8 million. Company’s travel customers include some of the leading tour operators, travel agencies and travel suppliers. Global Services division works with leading health care and hospitality clients. The Company has developed strategic partnerships with industry-leading technology & content partners. Management has over the years successfully nurtured strong customer relationships which contribute to a high retention rate. While the large majority of business comes from customers located in the U.S., the Company is expanding its geographic presence with clients in Europe and the Middle East. The international marketplace remains mainly untapped, especially the Asian-Pacific region, representing an exciting avenue for growth. Headquartered in California, the shareholders operate from an executive suite, while the balance of the employee base operates from a state of the art 4,000 square feet offshore development center in Bangalore, India.
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:
Headquartered in California, the shareholders operate from an executive suite, while the balance of the employee base operates from an offshore development center in Bangalore, India. Both facilities are leased and are renewable on an annual basis.
Market Competition and Expansion:
While the Company has demonstrated steady sales growth in recent years, it is well positioned to leverage its stellar reputation, proven technology, performance record, and solid client base to pursue further growth. Modest business development efforts, geographic expansion, and pursuit of untapped markets, to name a few, present exciting areas to pursue immediate growth for more aggressive management.
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 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.