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Business for Sale Summary

Web Based Accounting Software - 23755

Business Type: business services (b2b),general internet,misc. internet/technology/non-classifiable,best deals!,assets only sale
Web Based Accounting Software
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Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $500,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View


$500,000 Down and 350,000 Over 5 Yrs @ 7@

Business Description

This is the only web based, cloud solution that includes a full blown accounting solution for country clubs, hotels, and restaurants. Product includes multi company web based accounting, catering package, hotel property management, point of sale for food and beverage, pro shop and retail. Includes many options that incorporate a company web site, digital signage, and text messaging. Offers modules for online training videos, graphic design, web sites, manuals and much more to increase customer monthly recurring revenue. Cost $1.5m and 10 years to develop. This product is already installed at many major country clubs in the Northeast and is expanding nationally. Potential $30-$50m in annual sales. Company expects 25%-50% of the market share(between 1000-2000 country clubs). Now expanding into restaurants and catering halls. Partnership and cash infusion is being sought for national expansion and to buy out initial investors. Full set of servers, software, support staff, and management personnel in place. Data center is secured through backup and redundancy. There is no competition. This site and its capabilities must be seen via web tutorial to be believed. Offers member web site, reservations systems, member billpay, club email blast, flyer creator, digital sign capability. Accounting- G/L, A/P, Member billing, A/R, Inventory, hotel reservations, timekeeper, POS, Pro shop for golf and tennis, tee times. Contact broker for more information and business plan. Owner is willing to sell all or part of the company. Owner is seeking $850k for a 25% partnership but is negotiable. Proof of funds and a supplemental NDA is required.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.