Listing Id: 2693
Total Views: 15019
(Sold) Profitable Software / Mobile App IT Company Looking For Investor
Central Area
Date Closed: 17/04/2018
Asking Price: S$500K - 1M
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
-
Premise Type
N/A
-
Premise Size
1200 sqft / 111 sqm
-
Monthly Rental
S$2,500
-
Rental Desposit
N/A
-
Revenue
S$500,000
-
Liability
N/A
-
Gross Profit
S$200K - 500K
-
Net Profit
S$150,000
-
Stock
N/A
-
FFE
N/A
-
Payable
S$10,000
-
Receivable
S$80,000
-
Owner Role
Full Time
-
Staff
6
-
Established
2012
-
Source
Direct Seller
Reason For Sale
Expansion
Description
We develop cutting edge Software solutions for our clients. Our solutions target Small and Medium Entreprises (SME) which requires technology to improve their business sales, productivity thereby enhancing their competitive edge.
Due to rising costs and tight labour market, companies are in need to increase their productivity and boost their sales. The evolution and increasing popularity of Cloud solutions, Mobile apps, open source technologies are pivotal considerations for businesses looking to increase their edge over competitors
We expect a high profitability based on our plan to key in on businesses as we already have a strong pipeline of customers expressing the need for such services and products to the software manufacturer. Our management is experienced in dealing with corporate decision makers and our technical expertise in software development ops will be the cornerstone of our success.
We are currently profitable and cash flow positive. We are seeking a SGD 500,000 dollar investment to assist in covering manpower costs, development cost, research and development cost and marketing expenses
Business Operation
There is high barrier of entry as IT development business requires very stong and professional skill set
Competition
Very High
Expansion Potential
Singapore