Software House In Niche Market For Sale
Location Malaysia
Asking Price Range < $250K
Gross Revenues $50000
Net Profit / Cash Flow $25000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 1 - 3
Inventory Less than $1,000.
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training We will hand-hold the buyer (between 3 months to 1 year) to assist the buyer's team in transition of establishing client relationship, handling of the software's coding, concept and design and getting a feel of the industry and familiarization of the busi
Reason for Sale Close to retirement age and interest in other businesses.
Description We are a 10-year old company and the primary business software solutions provider for the insurance broker industry in Malaysia. Our business software (called the Equal Insurance Broker System) is developed in-house. The business potential in this industry is profitable both locally and regionally. With the proper resources both financially and otherwise, the software has far-reaching possibilities due to the lack of such a system in the market. Please feel free to contact me for any queries.
Competition/Market: Our competitors are mainly UK, Australia or Singapore - based. Locally, we have a competitor supporting 1 client. We currently have 11 clients and have 25% market share of the industry.
Potential:
1. As a 10 year old company, we have built good relationships with many of our clients and their word of mouth helps us in selling our solution
2. We have had calls from regional countries inquiring on the software but due to lack of resources, we are unable to go to those markets at the moment. There is a big potential, especially in Singapore.
3. Accompanying systems can be developed to provide 'plugins' to the current solution (such as crm or client-centric web-based programs) as additional value-added tools to our existing clients. This will also be an attraction to prospects looking into buying our solution
4. We are currently dealing with a re-insurance company. This will open up a brand new market for us as re-insurers require a different solution than brokers. In addition, the re-insurance market is huge compared to brokers
Buyer Support: We will hand-hold the buyer (between 3 months to 1 year) to assist the buyer's team in transition of establishing client relationship, handling of the software's coding, concept and design and getting a feel of the industry and familiarization of the business potential. Contact for more information on this Software House for sale.
Click Here To Contact Seller
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