Online Businesses Business For Sale in Green Island New_york

Software Development Firm 65%+ Yoy Top Line Growth - Price 2x 2024 Sde

Advert Id: 61074, Sellers Ref: (13726)
  • Location:Green Island, New York
  • Category:Online Businesses
  • Asking Price:$1,200,000
  • 1200000
  • Sales revenue :$1,329,308
  • Net profit :$653,066
  • Furniture/Fixtures value :Undisclosed
  • Inventory/Stock value : Undisclosed

Business description

Sale Pending - 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 handling administrative, HR, bookkeeping and client relations while the other owner is the primary software engineering leader. In total, there are approximately 10 staff including three w2 employees and seven 1099 contractors handling software engineering, UI design and project management.

Valuation

An existing client recently increased their staff augmentation commitment to $760k, driving current contracted and booked revenue to a total of $1.32M in top line revenue and over $650k in SDE for 2024. The forward looking SDE is based on 2023 expenses plus consideration for additional labor costs in order to fulfill the new commitment that the team has already began working on in February. 

Without any new additional service commitments, the company is already poised to achieve a 65%+ YoY increase in top line revenue compared to 2023. This brings considerable committed revenues, increased margins, massive growth and another strong long-term client relationship to their already impressive success! The company has been priced at less than 2x 2024’s booked SDE in consideration of its strong historical foundation, as well as its increased growth and margins.

Key Benefits

  • Priced at less than 2x 2024’s booked SDE

  • Long contractual agreements averaging 3-5 yrs

  • New contracted commitment (Started Feb 2024) for an additional $760k in top line revenue booked for 2024

  • 65%+ YoY Revenue Growth in excess of $1.3M with 50% Net Profit Margins for 2024

  • Highly satisfied customer base w/ all new clients coming via word of mouth. No paid marketing.


 

Financial Summary

2024 Booked Revenue / Earnings

Gross Revenue $1,329,308 USD

Cash Flow $653,066 USD

 

TTM

TTM Gross Revenue $874,220  USD

TTM Cash Flow $250,738  USD

 

 

  • 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
Website Properties, Llc

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