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- RE: Top-Notch Versatile Software Development Firm
- Contact: Philip Mandel
Quick Facts
Asking Price: | $600,000 | |
Annual Revenue: | $2,037,144 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $354,500 | |
Total Debt: | Not Disclosed | |
FF&E: | $55,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1992 | |
Employees: | 6 | |
BBN Listing #: | 989936 | |
Broker Reference #: | 59071-553189 |
Business Overview:
This highly respected, long-established, project-based software development firm excels in medical devices but also serves a diverse base of clients from a variety of industries. The business is comprised of a talented team of engineers equipped to create software, firmware/hardware integration, and product development solutions for complex problems to meet the unique needs of their clients. Strong relationships with notable clients in a variety of fields.
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Property Features and Assets:
The business was founded in 1992 and has organically grown over time, typically working on a dozen or more revenue generating projects annually. They have created an effective process designed to maximize client engagement and focus on solving problems for customers through a variety of technology solutions. Solutions often include software development, firmware/embedded software development with hardware integration, mobile and app development, as well as web, data integration, and AI. They hold Microsoft Gold and several other Certifications. At this time, the Founder is seeking a buyer for the business as they are seeking to retire from general management. They are open to a variety of options
regarding the transition phase of the business and will support the new Owner as much as feasible.
Market Competition and Expansion:
This talented and capable team has room to grow into projects that involve creating unique intellectual property for their clients. Maximizing the skills and talents of the team and expanding marketing tactics, as well as leveraging relationships with past and existing clients, can assist in driving growth. Note that the number of employees ranges from 7 to 9 with the distribution of full-time, part-time,
managerial roles, and contractors varying according to project load.
One of the attributes that sets this business apart is the longevity of the business. Key to this is their experienced staff of engineers who come with a diverse set of skills. They consider themselves to be “tool agnostic,” allowing them to jump into most any project in any software language, sometimes even reverse engineering products which were not well documented by the original developers and may include legacy software that is no longer supported. This firm has focused services on a variety of industries including medical technology, manufacturing, food processing, transportation/shipping/logistics, robotics, aerospace, high tech, marketing, and others.
Reason for Selling:
retirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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