Software Company SaaS And Cloud Solutions

Business Overview:

For sale is a well-established software company specializing in SaaS and cloud solutions, serving a loyal client base of wholesalers across various industries. The business started in 1994 and currently holds many legacy clients with next to no churn (Migrating would be too costly for many clients). The owner of the business stopped taking new clients many years ago to keep operations manageable. The annual recurring revenue ranges from $280,000 to $300,000 and has been consistent for many years. The owner claims that the net profit is to be around $102,000 but projects that it will be nearing $180,000 after 2023 since the owner recently made adjustments to the business for cost efficiency. The operation is lean, employing just two contractors who collectively work 16 hours per week at a rate of $100 per hour. They have been with the company since 2000. The owner works 40 hours a week operating the business and is willing to provide the necessary training. He is also willing to continue working for the business until the buyer is acclimated. This business includes established products, customers, operational processes, and a lean and low maintenance team in place. 

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Property Features and Assets:

DISCLAIMER: The information has been supplied to the Broker by the Seller. Broker expressly disclaims any and all liability for representations of warranties expressed or implied, contained in such information, or for omissions from them. The broker believes the information to be correct but has not verified or checked it. Any agreement or decision by the buyer to pursue a transaction regarding this business should be based on further investigation by the buyer.

Reason for Selling:

Retirement

Additional Details:

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