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Business for Sale Summary

Full Accounting Software Business for sale in WA - 33833

Business Type: internet businesses,misc. internet/technology/non-classifiable,software,web design/ tech services,accounting/payroll/tax
Owner Financing
Full Accounting Software Business for sale in WA
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Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $600,000
Gross Revenues $2,470,364 Lease Remaining Register Free to View
Owner’s Cash Flow $58,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and $250k financed over 3 years @5% to a qualif

Business Description

This business is a sales, contact manager inventory & accounting system. Fully customizable to create industry specific solutions. Written in MS Access & Visual Basic. Data is stored using MS Access databases or SQL Server backend databases. Fully documented comprehensive user manuals. Serving clients across the US since 2000. Full Business Prospectus available to qualified buyers. Applications Include: Order Entry (Sales), Contact Manager, Inventory & Shipping, Purchase Order Control, RMA Tracking, Accounts Receivable, Credit Manager, Accounts Payable, General Ledger. Overall Features: Accounting modules are GAAP compliant, Fully Customizable, Stable and reliable, Multiple Currency support, Multiple Language support, Extensive Integration with MS Office (Word and Outlook email). History - this business was created as a cost effective customizable business solution for small to medium size businesses. Used by Retail Supply Warehouses, Payroll Processing Vendors, Computer IT Firms, Medical Packaging, Inventory Brokerage Dealers, Construction Subcontracting, School Directors Assn. Notary and Auto Titling, Various Sales & Distribution Firms, etc. Only marketing has been word of mouth & referrals. Many years of net income of $250k. Business Model: The software is licensed with a EULA (End User License Agreement). This agreement allows a client to run the software perpetually & make customizations to the source code. Business is the sole owner of the intellectual property including the source code. All modifications are also owned by this business. The license has a one-time (per user)fee with add'l fees when add'l users are added & add'l revenue from general support, training & custom modifications. The major appeal of the software is the ability to tailor it to a company's specific needs. Modifications are often the biggest part of revenue. Historical licensing fees are $201,825.00 and consulting, support, modification etc. are $2,470,364.00(Gross Sales in Business Profile). Run semi absentee- 5-10 hrs per wk. 27 companies, some with over 75 multi- state users have run the system. Perfect Opportunity for: A software sales company w/o their own accounting package or a software co. that already has an industry specific solution but not the full accounting suite to integrate with & complete their software package; or a large company that wants to distribute a software solution to subsidiaries & control the software w/o having to pay license fees ,rely on or be leveraged by a software vendor. Intellectual property was professionally valued between $5 & $10m or conservatively valued at $ 1,920,000 (the programming rate & hours required to create this program. Contact Broker Joseph Stansky for more information on this opportunity.

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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.