Business Overview:
This digital transformation business has provided software development, ERP, web applications, artificial intelligence, and other SaaS products for over 18 years to its B2B clients. The company specializes in digital transformation of business processes and communications using technology solutions. If it involves hardware, software, AI, networking, cloud services and/or app development this firm delivers.
This company is a US based software solutions provider for a wide range of B2B clients with a niche in purchasing co-operatives and buying groups. The company also develops and implements software for organizations across different US based industries. Established in 2004, the company also has clients in healthcare, legal and retail sectors. The company is Microsoft Gold Certified in application software development and ISO 9001:2015 for Quality Management.
The company leverages its 18 years of experience and 50 employees/sub-contractors and managers in place to develop software solutions for its clients in broad areas such as web and mobile application development, Microsoft Stack , data integration and migration, IoT and artificial intelligence among other custom service offerings with a team of highly specialized software professionals who offer high-quality products and services based on their business knowledge and the use of the latest tools in information technology. The company currently employs engineers and project managers that are certified by Microsoft and The Project Management Institute. The company continuously invests in employee training and certifications to maximize value and quality of deliverables to clients.
The success of this company is evidenced by its nearly 46% growth from 2018 to 2021 and nearly 12% growth in 2021 with a sustained upward trajectory since the company’s founding. The company survived the Covid-19 pandemic with positive growth in 2021-2022 and anticipated continued growth through 2023. The company targets 70% profit margins. This ideal service business is easily scalable with expansion into other markets and regions. The new owner will benefit from strong leadership from the current management team and owner while inheriting a motivated and skilled staff who are ready to remain.
Policies and procedures are extremely well-documented resulting in repeatable processes. This includes tracking suspects to prospects; to leads; to client; to project delivery; to ongoing support. This ensures that there is no single dependency on any individual in the company. All resources are backed up by another resource in a project-oriented management style with cross-trained personnel.
The employees are reliable, provide timely execution, quality services, high performance, responsibility, and abundance of knowledge with excellent customer-facing skill sets.
The company is not geographically limited in its ability to deliver solutions to clients but is currently focused on US-based clientele.
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Property Features and Assets:
The business has been successfully transitioned to North Carolina's Research Triangle Park area and is 100% virtual.
Market Competition and Expansion:
The company enjoys a competitive advantage by leveraging a distinct “niche expertise and product solutions” to provide its client base with exceptional customer service and fair pricing – significant recurring revenue contracts in place.
The company is currently working on securing multiple seven (7) figure opportunities. It’s projected that a new owner will reap the benefits of these opportunities. The organization operates by referral only and leaves a massive opportunity for the successor to build a sales & marketing team.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- 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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