Trucking Software with 90% Recurring Revenue

Chicago, IL


Asking Price: Annual Revenue:
$799,000 $324,229

Technology: Software


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RE: Trucking Software with 90% Recurring Revenue Broker: Arthur Williams
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $799,000
Annual Revenue: $324,229
Net Profit: Not Disclosed
Cash Flow: $289,656
Total Debt: Not Disclosed
FF&E: $2,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: Not Disclosed
BBN Listing #: 246729613
Broker Reference #: FCB-314

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Business Overview:

A software company for the trucking industry is for sale in the Pacific Northwest. Their innovative software helps small to mid-size trucking companies manage their complete operation including accounting, dispatching, driver pay, fuel taxes, maintenance, management and other details for the long-haul, less than truck load and bulk commodities. Two owners are semi-retired, maintaining the business part-time with no additional help or support staff, with over $350,000 in sales in 2018, and 16.5% recurring revenue on each sale from long-term support and maintenance packages. No sales efforts have been pursued in several years, presenting immediate growth opportunities.

Many clients have been with the company for over 15 years, with a low turnover rate and high lifetime customer value. Based in the state of Washington, the company can be relocated or pursue remote sales, marketing, and support services without impacting the business. Three main areas of focus – customer support, computer programming, and sales and marketing – mean this business is an opportunity for a buyer, or partners, with sales and computer programming backgrounds. Proprietary software with a wide range of custom solutions for clients means low overhead costs and significant competitive advantages.
Since planning their retirement, the two founders have scaled back on their sales efforts over the past few years, so there is an immediate growth opportunity in restarting the sales and marketing pipeline. They will be available for training and transitioning the business.

This is an established business. This is neither a new franchise nor a start-up opportunity.

*Please look for an email with the subject "Morgan & Westfield –“Trucking Software with 90% Recurring Revenue” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement.*

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Additional Details:

  • The property is leased.
  • The owner is 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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