Ecommerce Software Developer & Consultancy

AR

Ecommerce Software Developer & Consultancy
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,700,000

EBITDA: $300,000

FF&E: N/A

Inventory: N/A

Established: N/A

Ecommerce Software Developer & Consultancy

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Business Description

The Company is an ecommerce consultancy and software developer serving the needs of mid-tier digital merchants. The Company assists digital merchants in developing and maintaining commerce systems and addressing business and technology opportunities by offering software development, consulting, and education services.

The Company’s services offering is powered by a set of finely tuned development operations (dev ops) tools and processing that make the Company more efficient in delivering open-source software customizations. The Company exclusively serves online retail ecommerce companies. The Company has sixty active clients and a 95% rate of repeat business. The primary geographic market is Texas with approximately 38% of sales with the remainder of sales across the United States (59%), and internationally (3%).

Detailed Information

Employees:
20
Competition:
Recurring Revenue: The Company generated 74% of sales in 2018 from monthly retainer services. Clients sign a monthly contract and provide thirty days notice to exit the agreement. Proprietary Product Technology: The Company utilizes proprietary developer operations tools, DevOps. This technology allows for zero down time deployments for Magento and other platforms, continuous integration, and provides command line tools for developers to work on a code base in a matter of seconds. Strong Customer Relationships: The Company has strong ties to clients due to its industry expertise and excellent customer service. The result is a strong rate of repeat business and longevity with customers as half of all clients have been with the Company four years or more. The Company also has a steady supply of repeat business, management estimates 95% of sales comes from previous customers. Management Will Remain through Transition: Ownership team is willing to remain with the Company during a transitional period to provide a smooth change in ownership.
Reason for Selling:
Looking for Strategic Partner
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(from currently available funds)
 
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Jon LePage

Business Listed By:
Jon LePage

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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