Software - Custom Web-Based Provider

Gulf Coast, AL
Mobile County

Asking Price: Annual Revenue:
$325,000 $210,000

Technology: Software

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RE: Software - Custom Web-Based Provider Broker: Lanier Chew

Quick Facts

Asking Price: $325,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: $130,000
Total Debt: Not Disclosed
FF&E: $1,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 3
BBN Listing #: 166038301
Broker Reference #: MOBILAL001-N867

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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 is 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 them 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 adopted 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 already 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 and a recurring revenue product. The original developer would be willing to stay with the new owner for an extended period of time if necessary. For software businesses the recognize multiple of Sellers Discretionary Earnings (SDE) is 5.5 to 7.5 times estimated SDE. This business is priced for 2.3 times estimated 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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Reason for Selling:

Needs more National exposure

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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