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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Technology - Internet Related Businesses For Sale Categories   >>   

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Software Company - $2M Recurring Revenues

Location  United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $2320000
Net Profit / Cash Flow  $603000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2000
Number of Employees  20 - 34
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Available for an extended period to ensure a successful transition and transaction.
Reason for Sale  Monetize all or a portion of his ownership interest.
Description  This company is a leader in the development and marketing of software systems for private clubs. The company offers a comprehensive suite of innovative club management software solutions backed by a team of client service professionals that resulted in a No.1 ranking by McGladrey for this high level of service. The company enjoys a high level and stable flow of recurring revenues the most recent year produced $1,987,000 of fees associated with software support and maintenance and website hosting fees. Software sales tapered off during the economic downturn as the private club industry curtailed its discretionary spending. The trend, however, appears to be in a stage of reversal and projections indicate a reinvigorated industry will provide financial rewards to the company. The company has attractive business fundamentals to include healthy recurring revenues, a seasoned team of veterans with industry experience, technology to support demands of this specialized industry, strong industry recognition and an efficient business model.
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