Software Company - $1,000,000
Established in 1975, the company has developed a Web-based product that contains four applications that can be used in Libraries, Archives, Museums and Records management. They develop, package, sell, install and support the web based application software.
The company provides Knowledge Management software and services for corporations, governments, legal, medical, education and heritage institutions around the world. There is an extensive list of internationally based clients.
Services include Software-as-a-Service (SaaS), data migration, customizing and configuring of the applications. Majority of services and support are provided remotely as all interfaces are web based.
Complete solutions in the $10,000 - $80,000 range may be set-up and configured on a in-house server for easy deployment via FTP transfer to the customer server or the SaaS co-location. No additional software integration is necessary.
They had a 28% growth mode in 2009 and it was quite sturdy during 2010.
Asking Price: $1,000,000
Vendor Financing: Available/Negotiable
Annual Adjusted Profit: Steady repetitive business. Project a minimum of $330,000 per annum in repeat license and hosting fees for next financial year. It is a profitable company with no debt.
Year Founded: 1975
Number of Employees: The Company has efficient and stable staff. Currently there are a total of 6 employees. (3 Technical, 1 Sales, 1 Product Manager, 1 Working Owner)
Operating hours: All work is conducted remotely from a central office. Customers/prospects do not visit the office. Customer support by 1-800 & GoToMeeting Monday to Friday - 8:00 am to 5:00 pm and extended to 24/7 by pager support.
Support and Training: The owner is willing to do transition training.
Property/Lease: Monthly rent is $1,767 (Total $21,211 annually)
Additional Information: This business is ideal for someone with a technology background.
The SaaS revenue is two thirds of repetitive revenue and growing quickly. The software procedures are uniquely designed for “cloud computing”. The market is very receptive to the efficient remote services including training and promotion by webinars.
Competition and Growth Potential: There is an opportunity to partner with consultants and/or vendors with related services.
The current application suite is built and supported with a proprietary rapid application developer (database). The same tool can be used as a platform for other vertical markets and private label licensing.
The product is easy to internationalize. It is fully UTF-8 compatible, serving all written languages. The applications are universal.
The business can easily be operated and managed from anywhere in the world.
Furniture Fixtures and Equipment: An extensive list will be provided to serious buyers.
Reason for Selling: The owner is retiring.
Call us about this great opportunity now at 604-308-7362/604-727-6648. Or Click here and complete a Buyer Inquiry form and have your local BRAVADO representative help find you a business.
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John Robertson: 604-308-7362
Tania Mostert: 604-727-6648
3755 Princess Avenue,
North Vancouver, BC, V7N 2E6
E-Mail: info@bravadobusinessbrokers.com
Fax: 604-924-1237
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