Back to Listings Custom IT Development Services and Solutions Business

Asking Price : $1,250,000

Annual Gross Revenue : $921,389

Annual Net Profit : $428,422

Profit Multiple : x2.92

Inventory Value: -

R-Index : 128

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From the Broker

2018 looks to be a strong year for corporate IT spending. With a strong economy and new tax incentives, businesses will look to extend or repair IT infrastructure to help capture more revenue.  In addition to increased IT spend, this year is expected to see a further rise in outsourcing trends worldwide as IT shops try to speed development cycles, tap new technologies and increase code quality without spending the time and money to develop in-house resources.  As more and more IT managers seek outside help with their development tasks, the key to success will be finding skilled, dependable resources capable of developing high quality systems on-time and on-budget.
  
As a software services organization providing custom development and support of applications, products and platforms for corporate, association and entrepreneur initiatives, this business is in the perfect position to capitalize on these industry trends.  Whether customers need help with custom software, integrations, open source products, data migrations or consolidations, the company's mission is to offer software and support services that leverage 18 years of industry experience to bring the quality, customer service and technical aptitude that their customers have come to expect.
 
The business is successfully operated by two owners with one mainly handling Sales and Marketing and the other managing the Development Teams and Software Products, while day to day coding activities are outsourced to development teams located in the Philippines and India.  With all development services outsourced, the owners operate the business from their respective home based offices.  The business is easily relocatable and can be operated from any location with internet access.
 
With many years of successful operations, the company has developed both a strong stable of yearly contract development engagements while also fostering an ongoing flow of project-based work.  The owners believe that it is the right time to transition the business to a like-minded organization that can bring additional value to former, current and new customers by leveraging its key assets along with the industry presence and supporting infrastructure of the buyer’s company.  Accordingly, this company is an excellent acquisition opportunity for any firm in the application development space (or other complementary niches like SEO consulting) looking to extend its customer base, technologies portfolio or development capacities.  Seller shall ensure a smooth transition of revenue clients with new contracts, continue as the point of contact and manage invoicing as applicable under Buyer during transition.  Both owners are also open to engaging in short or long terms positions with the company should the Buyer wish and given a mutually agreed upon compensation plan can be defined.
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Sale Pending: Yes

First Seen: Tue, Feb 20th 2018

Last Updated: Fri, Jun 1st 2018


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