Electronic Financial Reporting IT Software Company

New York, NY
New York County


Asking Price: Annual Revenue:
$4,995,000 $1,700,000

Technology: Business Services (B2B)


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RE: Electronic Financial Reporting IT Software Company Broker: Mel Lisiten
Owner Financing is Available!
NEGOTIABLE

Quick Facts

Asking Price: $4,995,000
Annual Revenue: $1,700,000
Net Profit: Not Disclosed
Cash Flow: $1,100,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 5
BBN Listing #: 60225287
Broker Reference #: CNY2350321

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Business Overview:

Business Description:
HIGHLY PROFITABLE ELECTRONIC FINANCIAL REPORTING IT SOFTWARE COMPANY.

THIS COMPANY IS A WELL ESTABLISHED SOFTWARE PROVIDER IN THE FINANCIAL REPORTING & COMPLIANCE SECTOR PROVIDING BEST OF CLASS SOFTWARE, ELECTRONIC FILING, PRINT & MAIL SERVICES, AND TECHNICAL SUPPORT TO THOUSANDS OF CUSTOMERS THROUGHOUT THE UNITED STATES.

Since 1984, this highly profitable electronic reporting software company has been operating a huge demand, low-cost solution to small and medium sized businesses throughout the United States providing financial software, electronic filing, government compliant forms, and one-click print/mail distribution & support services for its clients.

The company’s copyrighted software technology is first-class and highly robust providing a suite of financial reporting services that its clients rave about continuously providing amazing reviews.

Recurring Revenue, High Margins, & 90% Customer Retention Rate

With one of the highest margins seen in most industries, this company enjoys extra-ordinary high recurring profits due to low operating costs and affordable price points for over 2,300 paying clients the company services.

Very high retention rates and repeat clientele year after year make this business a home run for someone who can follow a proven process of success already laid out by the current owner.

With a compressed “seasonal” business model, the company is perfect for a buyer who prefers to operate during a high volume peak season and enjoy the incredibly high profits during this limited window of opportunity year after year.

THIS COMPANY IS A WELL ESTABLISHED SOFTWARE PROVIDER IN THE FINANCIAL REPORTING & COMPLIANCE SECTOR PROVIDING BEST OF CLASS SOFTWARE, ELECTRONIC FILING, PRINT & MAIL SERVICES, AND TECHNICAL SUPPORT TO THOUSANDS OF CUSTOMERS THROUGHOUT THE UNITED STATES.

Historical Summary:
The company was established in 1984 stemming from high demand for its products and services by professionals in the financial industry.

The company is still going strong – 33 years later - with no end in sight - due to its popularity among accountants and small to medium size businesses.

In 2016, the company grossed $1.7M in sales and generated the owner approximately $1.1M in seller discretionary income.

Talk about high margins!

The technology combined with the internet has played a huge role in the success of this company, and for the right buyer, the opportunities for growing beyond this level are limitless.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Competition: Healthy competition exists in this market which is an indication that the market is valid and thriving. Competition is positive - especially when you build a better mouse trap than the rest. Other companies in this space nickel and dime their clients to death and provide expensive a la carte solutions that challenge users due to the complexity of design and lack of user friendliness. The owner of this business has personally written all the code to this software providing a bundle of value priced very fairly in the market. The user friendliness of the software, easy point-and-click electronic filing, and convenient print & mail services make this company stand out from the crowd – and over 90% of its current customer think so too since they come back year after year. Potential Growth: FOR THE RIGHT BUYER, THIS OPPORTUNITY IS A GOLD MINE. Right out of the box, the company generates $1.1M in seller discretionary income from only $1.7M in sales. These are great margins! Taking revenue to another level can include sending larger mailing campaigns to customers and Resellers, implementing general price increases across the board (and still be cheaper than other solutions) providing customers UNLIMITED user licenses, integrating the software to the cloud to reduce piracy & software mailing costs. Strategic buyers could have the ability to cross sell additional products and services to each other’s customer base.

Reason for Selling:

RETIREMENT

Additional Details:

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

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