Minnesota Based Training Software Development

Business Overview:

For sale is a software development company that creates customized training programs for its clients. This company specializes in helping companies in various agricultural sectors as well as food manufacturers and processors. With an increase in marketing dollars this business could scale to be much larger very quickly.

There is a professional staff with management in place. The seller is open to a longer-term transition plan in order to make sure the reigns are turned over smoothly.

Property Features and Assets:

Current facility is on a month-to-month lease. Landlord is open to long-term lease discussions. This business is fully relocatable with all activities performed by staff able to be done elsewhere. Current facility is adequate for current operations and has room for expansion. Assets = $252,000.

Market Competition and Expansion:

Operators in the Software Publishing industry design, develop and publish software. Industry revenue expanded rapidly over the five years to 2021, as businesses and consumers increased their investment in software, computers, smartphones and video games. Rising private investment in computers and software stimulated demand from businesses, while higher consumer spending encouraged consumers to spend on software as well. Moreover, new internet-based solutions and the increasing popularity of mobile devices have triggered an explosion of mobile software applications. Industry revenue is estimated to rise at an annualized rate of 7.8% to $396.7 billion over the five years to 2021. In 2020, the industry encountered remarkable revenue growth of 12.6%, as the COVID-19 (coronavirus) pandemic incentivized businesses to increase spending on software for remote operations and consumers increased spending on social and entertainment software offerings. Revenue is anticipated to rise 3.3% in 2021. Software publishers are often highly profitable despite the prevalence of software piracy, litigation and an expensive workforce. Publishers have focused on strategic acquisitions and product development in recent years, with large software publishers regularly acquiring smaller operators with specialties in high-growth, niche markets. Additionally, most operators have switched to the software-as-a-service (SaaS) model to stabilize cash flows. This model makes it more affordable to buy software products, enticing smaller and cash-strapped companies to subscribe while also facilitating easy scalability and frequent software updates. Greater ubiquity of software in daily activities and the rise of predictive analytics and artificial intelligence software will benefit the industry over five years to 2026, expanding software publishers' product offerings and markets. For example, connected cars, smart appliances and automated logistics services are all expected to continue integrating with the daily activities of US consumers and businesses. Mobile computing devices are also providing new platforms on which operators can compete, while cloud computing is opening a wider array of software possibilities for smartphones and tablets that are no longer hampered by low storage capacities. Altogether, revenue is expected to rise at an annualized rate of 2.8% to $456.4 billion over the five years to 2026.- ibisworld.com This company can be scaled with the proper mix of sales efforts and talent management. Currently the advertising and marketing budgets are not a priority, but with new management and a focus on growth the sales of this business could increase almost limitless.

Reason for Selling:

Owner wishes for an orderly transition to retire.

Additional Details:

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