Software Company
Location United States
Asking Price Range $250K - $500K
Gross Revenues $200000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1981
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Yes
Reason for Sale Retirement
Description The company has been providing software development services since 1981, and has been developing products exclusively for law firms since 1983. The firm has delivered legal and accounting software products to firms spread across some thirty states, which address the accounting requirements of Time Accounting and Billing, Trust Accounting, General Ledger, Accounts Payable/Disbursements, Payroll, Calendaring, Docket Control/Scheduling, Cost Recovery and Conflict of Interest. The company has very low customer turnover among its more than 200 customers. Roughly 80% of the revenue stream comes from recurring software maintenance and subscription services.
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