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Employee Benefits Management Software Platform
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 1 - 3
Inventory $300000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training 1 month minimum.
Reason for Sale Build dream house.
Description Summary description.
Developed at a cost of $300,000 in actual programming hours and out of pocket costs to the Seller, this is an excellent opportunity for someone who specializes in marketing or for a larger P&C shop that wants to diversify into small group health. This is a software solution that is currently being used by an employee benefits agency based in Southern California. It will be sold with a 99 year free leaseback to the Seller so he can maintain his current business that is built around this management tool. The software platform is a web-based software solution that is a comprehensive ''deal-closer'' for employee benefits agencies that could be potentially marketed worldwide, pending language customizations and the like. Currently the Seller is able to manage a $1,100,000 book of employee benefits book of business with only 2 and 1/2 producers, and 1 CSR. The typical multiplier of this kind of agency is approximately $250,000 per producer, allowing a much more leveraged enterprise compared to competitors. The owner/licensee is able to drill down on many levels such that one can manage large cases of 5,000 lives and up with relative ease. Gotomeeting can be orchestrated by Broker pending signed NDA and sincere interest and further qualification.
General Information
Financing: $500,000 down, financing available on profit/sharing equity earn out on case-by-case.
Facilities: Portable, relocatable, can be run out of home.
Competition: Large marketplace, affords agents to be 2-3x more productive than industry average.
Growth and Expansion: Has never been marketed before.
Support/Training: 1 month minimum, consulting on demand post-transition also.
Reason Selling: Build dream house.
Year Established: 2003
Employees: 1
Contact for more information on this software platform business for sale.
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