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Investor Wanted Growing Web Base Software Solution
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $611625
Net Profit / Cash Flow $86900
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Reason for Sale Investor needed for expansion.
Description This software developer has created a web based software solution for a niche market. Even through the software was originally designed for a specific niche it has since been adapted to be a comprehensive operational / accounting software solution for the hospitality industry. The software was designed to enable authorized individuals to be able to access the data from a computer, laptop, smart phone, tablet, or any other internet capable device.
Over the last several years the program has been beta tested and upgraded to the point that it has been well received and it has an excellent reputation. The software, is currently being used in establishments with national name recognition and is being well accepted, by the industry. It is easily going to be the standard software for this multi-million dollar niche industry and the hospitality industry in general. The software is currently in 21 locations, and forecast has it in 46 locations by the end of 2012.
The sales model uses an annual licensing fee to ensure ongoing revenue. The proceeds have been reinvested into the business for further development and refinement of the software. The company is now ready to make a push to increase market share. They are looking for capital to offset some of the development costs and to fuel an increase in market share. The seller is currently looking to sell 25%. Foretasted sales of $502,925 is based on no cash from investors.
Growth potential:
Forecasted sales of $502,925 is based on no cash from investors.
Additional Funding Will Take This Business to the Next Level!
It is easily going to be the standard software for this multi-million dollar niche industry and the hospitality industry in general.
Investment sought in the amount of: $890,000.
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