Online Businesses Business For Sale in Green Island New_york

Valuation

SSG is attractively priced at a multiple of 3.24x TTM SDE, reflecting its solid historical performance, accelerated growth, and healthy margins. This valuation offers significant value, as it captures the company's committed revenue streams, strong profit margins, rapid growth, and long-term client relationships. These factors contribute to SSG's already impressive track record of success and position it for continued growth and profitability.

Business Overview

This software development company is a compact and dynamic team 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. Through their creative approach, skill set, and ability to integrate seamlessly with clients' existing workforce, this company provides time saving, cost-effective services combined with excellent work experience.

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.

The two current owners successfully run the business with one overseeing administrative and operational functions such as state compliance, human resources, and client relations. Though he works part-time, he ensures smooth operations and project management. The second owner is the full-time technical lead, serving as the company’s leader and full-stack software engineer. He drives technical strategy, manages projects, leads the development team, and is actively involved in client relations.  In total, there are approximately 10 staff including three w2 employees and five 1099 contractors handling software engineering, UI design and project management.

Key Benefits

• Long contractual agreements averaging 3-5 yrs

• 35%+ YoY Revenue & Cash Flow Growth (TTM vs 2023)

• TTM profit margins to expand significantly because TTM revenue impacted by large non-payment

• Is Business Relocatable?: Yes
• Is Business Home Based?: Yes
• Expansion: Ideas for Future Growth Include: • Heavy Marketing with PPC Ads • Cold Outreach to Engineering Leads at SMBs • Market Built and Ready Products • Advertising to Drive Traffic
• Years Established: 2018
• Employees: 2 FT, 1 PT
• Support Training: Yes
• Reason For Selling: Pursue Other Interests