Custom Application Development Company for Sale in Székesfehérvár, Hungary
Established software development agency with $1.36M revenue and high growth potential in eduTech, fintech, healthcare.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 1.3 million |
| Run Rate Sales | USD 1.3 million |
| EBITDA Margin | 12 % |
| Industries | Staffing + 1 more |
| Locations | Budapest + 1 more |
| Local Time | 12:16 AM Europe / Budapest |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
295 thousand
(Native Currency: USD 295,000)
Reason: In summary: The promoter would like to grow through M&A. As a CEO coming from IT professional backgr...
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Includes physical assets worth
USD
30 thousand
Interested to connect with advisors
Documents
Domain-Verification.pdf
(212.9 KB)
P&L and Balance Sheet - 2024_11_30
(22.5 KB)
Balance sheet 2024 Q3 in Hungarian
(212.8 KB)
Company Registration
(2.0 MB)
Company Establishment
(934.7 KB)
Business Overview
- Our business is engaged in offering high-quality custom IT software development, mobile and web application development, custom integration solutions (e. g. Shopify apps) and DevOps services (AWS, Azure)
- We also provide on-demand staff augmentation for companies - we lease senior engineers in T&M for larger corporations.
- We are working with 14 long-term B2B clients.
- Officially licensed in EU to do recruitment and staff/labor leasing.
- 40% of annual revenue is from software development services.
- 60% from the scalable, long-term staff augmentations.
- To this date, we have completed 40+ projects successfully.
- We are also focusing on omnichannel online trust building.
- The CEO has 10+ years of experience leading full-stack development teams, and working with clients in IT consulting in the US, Switzerland, Hong Kong, and Hungary.
- Last year revenue: 1.3M USD.
- For the current year, we have multiple 6-12 months long contracts signed or renewed.
- We have 4 medium-sized web projects which we maintain and keep developing.
- We have a qualified senior developer talent pool of 500+ whom we can contact them anytime to check on their availability to join our projects as we are already qualified according to their required skills.
- We also provide on-demand staff augmentation for companies - we lease senior engineers in T&M for larger corporations.
- We are working with 14 long-term B2B clients.
- Officially licensed in EU to do recruitment and staff/labor leasing.
- 40% of annual revenue is from software development services.
- 60% from the scalable, long-term staff augmentations.
- To this date, we have completed 40+ projects successfully.
- We are also focusing on omnichannel online trust building.
- The CEO has 10+ years of experience leading full-stack development teams, and working with clients in IT consulting in the US, Switzerland, Hong Kong, and Hungary.
- Last year revenue: 1.3M USD.
- For the current year, we have multiple 6-12 months long contracts signed or renewed.
- We have 4 medium-sized web projects which we maintain and keep developing.
- We have a qualified senior developer talent pool of 500+ whom we can contact them anytime to check on their availability to join our projects as we are already qualified according to their required skills.
Products & Services Overview
IT software development, DevOps, mobile and web app development, licensed IT staffing and recruitment services.
Assets Overview
Strong operation (sales, requirement, CMS, automations, contractor management system, etc. )The highly motivated full team is with the delivery manager.
A custom-developed contractor management system,
Knowhow in IT out staffing, ongoing clients of 6 predicting the minimum results of $1.3k+ revenue per year,
Great relationships with several enterprises in Hungary and in US.
Sales team presence in the US (San Francisco) and Hungary.
List of an up-to-date talent pool of 500+ senior developers, testers, and designers.
Most of my engineers work with us for years with low fluctuation.
CRM setup with numerous clients.
Self hosted large-scale email outbound marketing system with custom-developed automation to reach out potential clients.
Strong SEO and online presence.
Facilities Overview
We are a remote company meeting in Budapest twice a month in a coworking space or for fun team building events.We rent an office of 2 rooms (80 m2) at Szekesfehérvár where some of the staff, interns and seniors, and the CEO are based.
Capitalization Overview
1 solo owner - 100% of the shares.Cash is around 210k USD - we had 0 liquidity problem ever. The required working capital is $80k.
Recent Activity
-
Earlier than 15 daysVice President, Investments, Pune, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Engineering Modelling Services, Hyderabad, Individual Investor / Buyer connected with the Business
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