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Software Production and Distribution
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Transcript of Software Production and Distribution
Buyer BLI12322 Walmer Street
Shawnee Mission, Kansas 66209(913) 207-2770
Listing #: Title: Software Company
SIC Code: 7372 Category: Electronics/Computer / Computer Software
County: Confidential City: Confidential Zip/Postal Code:
Confidential
Contact Information
Chris Kerth
Business Intermediary
Office: (913) 207-2770Cell: (913) 207-2770Fax: -Email: [email protected]
Status Prospect
Listed Price $650,000
Down Payment $100,003
Discretionary Earnings $210,560
Revenue $259,513
Total Assets Included $6,104
Real Estate Included inPrice
No
Business Description
Highly profitable software company that has no boundaries for it's location. Can easily beoperated from a home office. The company has offered their software since 1995 and builta very stable customer base. A steady stream of residual income is produced throughannual renewals.
Facilities/Location/Real Estate
This business requires minimal operating space. Internet and phone service are needed.The current owner operates from a space less than 500 square feet.
Historical Financial Summary
Data Source P/L Statement Tax Return Tax Return Tax Return (N)Year (Cash Flow) 2015 2014 2013 2012 0Gross Revenue $259,513 $269,333 $369,102 $351,837 $0Cost of Goods $25,528 $32,940 $38,616 $38,891 $0Gross Profit $233,985 $236,393 $330,486 $312,946 $0Expenses $119,563 $103,686 $107,454 $108,642 $0Net $114,422 $132,707 $223,032 $204,304 $0Owner Salary $60,000 $60,000 $60,000 $60,000 $0Benefits $0 $0 $0 $0 $0Interest Expense $0 $958 $0 $0 $0Depreciation $25 $49 $1,375 $1,924 $0Total Add Backs $96,138 $87,997 $89,763 $89,599 $0Owner Benefit $210,560 $220,704 $312,795 $293,903 $0
Reason For Sale
The seller has been less involved in the business in recent years and is planning to retire.
Products, Services & Licenses
No employees - The owner and a part time office position in a subcontracting role fulfill the daily operations. The duties provided by this contractorcould be completed from any virtual location. The individual who currently holds this position would like to assist with the transition and continue withthe new operator. The technical aspect of the business is provided by a team of software programmers who are also contracted. The team knows thebusiness and has worked with the company since 2005. The Seller will provide 8 weeks of initial training and occasional consulting long term which willbe more than adequate for the new owner.
Operations Location
Year Established 2000 Type of Location Home Based
Year Owned 2000 Square Footage 500 Form of Ownership Corp Sub S Lease/Month $0 Lease Expires -Absentee Owner Yes Terms & Options -Hours Owner Works 40 Relocatable YesDays & Hours 9 to 5 Mon through Friday Home Based YesNumber of Employees - ft 1 pt Franchise NoManagers -
Assets/Liabilities Amount Included in Sale Amount Included in SaleAccountsReceivable
$ No Real Estate $ No
Inventory $ Yes Liabilities $410 NoF F & E $6,104 Yes Other $ -Leasehold $ No Total Assets $6,104
Assets/Liabilities Comments
The value of this business is in its client base, excellent reputation and the proprietary methods. The necessary equipment needed to operate isincluded in the sales price.
Financing/Terms Lender Prequalified: Assumable Notes Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0Seller Financing - Business Amount: $60,000 Mos: 36 Rate: 8.00% Mo. Pmt: $1,880Third Party Financing Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0Seller Financing - RealEstate
Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0
Financing Comments
Seller financing only available to qualified buyers
Non Compete 300 miles 3 years
Training & Support 8 weeks 0 costs
Competition
Although the company is the industry leader, only a small portion of the market has been penetrated. Other competitors in the industry are unable toduplicate this proprietary process.
Potential for Growth
The market for this software is enormous and includes a large number of businesses throughout the United States.
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