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Software Development And Engineering Company For Sale

Waxhaw, NC, USA
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Businesses For Sale | IT & Software Companies For Sale

Listing ID : 426170

Posted on January 2, 2024 View Count 6

Price :
Inquire for Price
Business Financials & Assets :
Gross Revenue:
$8,000,000
Cash Flow:
$2,500,000
EBITDA:
$2,340,000
Year Established:
2018
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$2,000
Property Details :
Business Details :
Number of Employees:
32
Facility & Tenant Improvements:
One Corporate Office Location in an appealing part of the southeastern U.S.
Competition:
The industry is competitive, but primarily from larger, national companies (such as Siemens and Millennium). The company can offer services at a lower cost due to its access to local talent and much leaner cost structure. In addition, many clients prefer to deal with a local partner to solve their software development and engineering needs
Growth and Expansion Opportunities:
The current ownership has grown the business substantially within the southeastern U.S. The next step is geographical expansion outside the southeastern U.S. both domestically and internationally.
Terms :
NDA Required:
Yes
Financing:
TBD if structure and terms are acceptable.
Support & Training Offered:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
The current owners are nearing retirement age. They are willing to help with a transition and would contemplate remaining under new leadership, but a planned retirement is important for both owners.
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

The Software Development and Engineering Company is a limited liability company and was incorporated in January 2018, by the founders and current owners in the southeastern United States (exact location provided is the advisor’s location, not the business location). The company provides comprehensive services that focus on offline programming, project management, commissioning, maintenance, and production support for industrial automation in the automotive industry. Clients include Mercedes Benz, FFT, EBZ, Dalian Auto, and BWM among many others.
The company is projected to reach $8M in revenue in 2023 with nearly $2.4M in adjusted EBITDA and has demonstrated steady growth throughout its history. Its customized solutions and local relationships are an important competitive advantage that is difficult to replicate.

Under new leadership, the company could expand geographically (domestically and internationally) using both internal full-time labor and outsourced contracted labor following the company’s current model at a larger scale.

NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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