Administrative Software Platform for Colleges

Chicago, IL (Cook County) (Relocatable)

Seller Financing Available
Administrative Software Platform for Colleges

Asking Price:$1,750,000

Cash Flow:$383,000

Gross Revenue:$1,012,000

EBITDA:$283,000

FF&E:$25,000

Inventory:N/A

Rate/Sq. Ft.:$13.00

Established:1964

Administrative Software Platform for Colleges

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Business Description

The Company is a highly profitable technology platform that is deployed to operate and administrate operations of colleges and universities across the US. This company is a divestiture of a small technology holding company that is choosing to focus on other non-competitive technologies in other, non-education related markets. The core of the team comes from the founding entity which has its roots in a company founded in 1964. The platform is very robust with deep functional capabilities, customizable modules and technology that facilitates nearly every area of a school management.

Ownership seeks to redeploy capital to other ventures so a cash deal is desirable although depending on the buyer and terms, some financing may be considered. Additionally, preference will be given to those that can display an interest an ability to act in a timely manner and with a simplified due diligence process.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,100
Lease Expiration:
8/31/2017
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business includes leased facilities and all general office and technology equipment required to operate this software company. Some equipment is maintained at an offsite co-location data facility for certain hosted clients.
Competition:
This business is one of a few that can provide a comprehensive administrative software platform for colleges and universities across the US and internationally. It is part of a small group of providers at the lower end of the market. The college market is changing rapidly providing a tremendous opportunity for those that have access to clients and know-how such as our platform and team provide.
Growth & Expansion:
There are opportunities with focused sales and marketing efforts to grow the business simply selling the platform that is there. However, larger opportunities are available to those that are willing to invest in specific areas of opportunity within the higher education and learning environment overall. The market for education is over $4 trillion globally.
Financing:
Open to consideration
Support & Training:
Current ownership is willing and able to provide a reasonable transition period and transition assistance, however the business is generally runs day-to-day via the existing team. A new owner could quickly get up to speed on the operations and focus on growth and expansion opportunities.
Reason for Selling:
Focus. This business has been a part another company.

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Jay Sebben

Business Listed By:
Jay Sebben

Fultonbridge.com

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