Develops and Supports a Proprietary Accounting Software Program

BC

Develops and Supports a Proprietary Accounting Software Program

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$2,900,000

EBITDA:$396,000

FF&E:N/A

Inventory:N/A

Established:N/A

Develops and Supports a Proprietary Accounting Software Program

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Business Description

This 30+ year-old Company has developed a proprietary accounting software platform encompassing 19 modules targeted at small to medium businesses outgrowing entry level products such as Quickbooks and Sage 50. Revenue is derived from upgrades (recurring) (66% of sales), conferences (12%), new licenses (12%) and other services (10%).

Clients are located in Canada, the United States, the Caribbean and other locales. The Company works with ~100 resellers that provide implementation and accounting assistance for clients. The Company has an extremely knowledgeable staff, including five software engineers, with vast expertise in the industry. The Company is well-positioned within its market and is known to have a high level of technical competence and a superior reputation. As a result, the Company enjoys a high level of repeat business estimated at 80% annually. In addition, management believes the Company has excellent growth opportunities going forward.

Detailed Information

Support & Training:
As needed
Reason for Selling:
Pursue other interests

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Mike Meredith

Business Listed By:
Mike Meredith

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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