Sale Pending - Software Dev Firm 65%+ YoY Growth
Relocatable, NY Not Disclosed
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- RE: Sale Pending - Software Dev Firm 65%+ YoY Growth
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $1,329,308 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $653,066 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | 3 | |
| BBN Listing #: | 940672 | |
| Broker Reference #: | 13726 |
Business Overview:
This software development company is passionate about assisting businesses in overcoming complex challenges. They specialize in Staff Augmentation and Full-Stack Development services as well as full product-lifecycle builds of web and mobile applications.
The company’s customer base ranges from small entrepreneurs to multimillion-dollar SMBs, spread across plenty of industries. With most clients being long-term commitments relying on services for all or part of their technical needs, this presents valuable committed revenue and long contractual agreements.
Valuation
An existing client recently increased their staff augmentation commitment to $760k, driving current contracted and booked revenue to a total of $1.32M in top line revenue and over $650k in SDE for 2024. Without any new additional service commitments, the company is already poised to achieve a 65%+ YoY increase in top line revenue compared to 2023. This brings considerable committed revenues, increased margins, massive growth and another strong long-term client relationship to their already impressive success!
Key Benefits
- Priced at less than 2x 2024’s booked SDE
- Long contractual agreements averaging 3-5 yrs
- Highly satisfied customer base w/ all new clients coming via word of mouth. No paid marketing.
Financial Summary
2024 Booked Revenue / Earnings
Gross Revenue $1,329,308 USD
Cash Flow $653,066 USD
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Market Competition and Expansion:
GROWTH AND EXPANSION
Ideas for Future Growth Include:
-
Heavy Marketing with PPC Ads
-
Cold Outreach to Engineering Leads at SMBs
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Market Built and Ready Products
-
Advertising to Drive Traffic
Reason for Selling:
Pursue 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
Relevant Links:
- View more New York businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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