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Custom Software And Technology Consulting Firm For Sale

Raleigh, North Carolina, US
Asking Price:
$6,000,000 (USD)
Sales Revenue:
$1,971,847 (USD)
Cash Flow:
$1,019,981 (USD)

This business is a one stop shop for small, medium and large businesses requiring online, offline and cloud based software services focused on highly customizable lean development methodology. They specialize in digitizing and optimization of business processes and communications. If it involves hardware, software, AI, networking, cloud services and/or app development this firm delivers.

The company was originally formed in 2019 and operated from New England area and India based hard wall offices. The company provides the same services to previous clients and has added significantly to its client roster. When the company was purchased in 2019 by its current owner it was relocated to the Research Triangle Park area and transitioned to a 100% virtual operation with services being performed domestically and internationally.

Reported cash flow is EBITDA TTM 8-31-2021

Property Information

Location:

The company was originally operated from hard wall offices in India and New Jersey. The business has been successfully transitioned to North Carolina's Research Triangle Park area and is 100% virtual.

Business Operation

Expansion Potential:

Seller believes the new owner can continue with the companies current vision to continue strong growth. As of Fall 2021 the company has approximately $800,000 of backlog.

Competition / Market:

There are many competitors in the software and application development space. This firm differentiates itself by being 100% domestically based and now virtual avoiding all occupancy related costs. The company has excellent client relationships, online reviews and ratings.

Reasons for selling:

Serial entrepreneur looking for next challenge.

Trading hours:

8-5 M-F

Employees:
8
Years established:
1999

Other Information

Support & training:

Seller will provide 80 hours of transition support included in the purchase price. Additional transition assistance may be negotiated at fair market rates.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller may participate in a portion of financing dependent upon overall terms and conditions.

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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