Business For Sale

Custom Web-Based Software Provider

Mobile, AL
Mobile County


Asking Price: Annual Revenue:
$685,000 $220,000

Technology: Software


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RE: Custom Web-Based Software Provider Broker: Lanier Chew
Owner Financing is Available!

Quick Facts

Asking Price: $685,000
Annual Revenue: $220,000
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: $1,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 709738301
Broker Reference #: MOBILAL001-N847

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Business Overview:

This business created eight (8) custom web-based software programs primarily for the public and private education sector and municipalities. Each of the eight products are subscription based thereby generating a recurring revenue stream for a prospective buyer. The company designs and develops the programs for specific needs within their target markets. Thereafter, once proof of concept is established and the program is providing the client with the desired solution, the business maintains the right to then and the right to market the solution to other school districts, states or municipalities. The business currently has multiple school districts utilizing their proprietary copyright products and one state has already adoption for their online school bus inspection program. This alone will lead to many more districts selecting this transportation program to facilitate school bus inspections required by the state agencies. The majority of the programs developed for K-12 education are being utilized in the largest school district Alabama. In fact, that school district just awarded the business with a multi- year development contract based on their complete satisfaction with previous projects. These programs are well received because they are cost effective, user friendly and customer centric. They are complete for Alabama yet can easily be modified for utilization in other states making for a very scalable operation coupled with a high gross margin, recurring revenue product. The original developer is willing to stay with the new owner for an extended period if needed. For software businesses the recognize multiple of SDE in 5.5 to 7.5 times SDE. This business is priced for 4.89 times SDE. This is a great opportunity for a business in this important segment that already has sales representation on a regional or national level or an education company that desires diversification and recurring revenue. All of the development and marketing tools are in place for a quick start.

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Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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