Online Businesses Business For Sale in Green Island New_york

Turnkey Software Development Firm W/ 65%+ Yoy Top Line Growth - New $760k Commitment For 2024

Advert Id: 61074, Sellers Ref: (13726)
  • Location:Green Island, New York
  • Category:Online Businesses
  • Asking Price:$1,200,000
  • 1200000
  • Sales revenue :$1,340,864
  • Net profit :$675,339
  • Furniture/Fixtures value :Undisclosed
  • Inventory/Stock value : Undisclosed

Business description

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 handling administrative/operational tasks, project management tasks, sales, development and managerial tasks. Additionally, there are three employees working 20 to 40 hrs/per week handling software engineering, client relations, project management, and advertising/marketing tasks. Several contractors are utilized for software engineering as well.

Valuation

This company recently signed on a new large client which has committed to $760k in 2024. Without any new additional service commitments, the company is already poised to achieve a 65%+ YoY increase in top line revenue compared to 2023. The company is projecting $1.34M in top line revenue with more than $675k in SDE based on 2023 expenses plus consideration for additional labor costs. 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 in consideration of its historical solid foundation as well as its committed projected growth.

Key Benefits

  • Long contractual agreements averaging 3-5 yrs

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

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


Financial Summary

2024 Projections

Gross Revenue $1,340,864 USD

Cash Flow $675,339 USD

2023

2023 Gross Revenue $807,637 USD

2023 Cash Flow $242,113 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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