MergerPlace

Established Software Company

South Dakota


  • Asking Price: $550,000
  • Gross Income: $356,949
  • Cash Flow: $107,172
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $5,174
  • Listing ID: #206274
  • Established: 1988
  • Employees: 5 FT

Business Description

In business for 30 years, this software company has developed and supports a comprehensive enterprise-based management system for their niche market across the United States. The company is profitable and has long-standing maintenance contracts. The business currently has four employees, all of which are cross trained and provide responsive user support, training, software development and maintenance & system administration. The current owner provides overall guidance and leadership, but is not involved in day to day operations due to health reasons.


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: South Dakota

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT

Financial Information

Asking Price: $550,000
Gross Revenue: $356,949
Cash Flow: $107,172
FF&E: $5,174
Seller Financing Available: No

Property Information

Facilities:

The business leases space in a downtown office building; the space is affordable and meets the current needs of the business. Business has been renting on a month to month basis for quite some time now.

Growth & expansion opportunities:

There is significant opportunity for growth for various reasons. Over the last few years, the business has focused on updating its software to support web and mobile deployments. The possibility of partnering with other providers in the space to bring a better overall product and service to customers is also a good possibility. In addition, a new version of the software will be completed this fall, making it an excellent time to ramp up the sales and marketing efforts.

Competition:

Depending on the client sector, direct competition ranges from a few to many. As a full service provider over the last 30 years, the company has built an outstanding reputation in the industry and a quality, diverse customer base across the country.

Reason for selling:

Owner looking to retire.

Support & Training:

Will train for 4 weeks @ no cost. Outside of the typical state and federally required business licenses, no special license is required. The business currently employs the skills needed to serve and expand the customer base.

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Business Listed By:

Rey Gonzales

Murphy Business Brokers