Listing Id: 35777
Last Refreshed: 25/03/2025
Total Views: 1806
(Expired)Profitable Software Development Company With Ips For Productization
Toa PayohIT ConsultanciesMobile AppsSoftware Design and Development
Asking Price: S$200K - 500K
Business For Takeover
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- Overview
- Reason For Sale
- Description
- Business Operation
Overview
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Premise Type
N/A
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Premise Size
N/A
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
S$20K - 50K
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Liability
N/A
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Gross Profit
N/A
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Net Profit
S$10K - 20K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
12
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Established
2017
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Source
Direct Seller
Reason For Sale
Currently founder led, need resources to scale
Description
Suitable for growth oriented owners that don't want to withdraw profits within the 1st 2 years.
The business by numbers,
- 6 figure annual revenue ($200k to $400k/pa)
- 30% avg net profit margins
- 8 year old
Open for takeover or potential investors to scale the business.
The company has invested in developing inhouse solutions, as well as IPs that can be productized if desired within the following industries, healthcare, insurance and fitness.
There is an existing tech team infrastructure (not subcontracted), with an inhouse team based overseas and an operational office outside of Singapore. Business comes with a foreign entity and bank account for operations outside of SG if so desired.
New owners or incoming investors looking to grow the business can do either of the following,
1) Scaling sales team and focusing on software development services or;
2) Pivoting business model into a product/platform using existing IP within healthcare, insurance or fitness.
3) License or sell out existing platforms using a SaaS model
If you are looking to scale, it's recommended to reinvest recurring cashflow into building out the business strategies listed.
Business Operation
Yes, seller financing is available.
Seller Financing
Singapore