9.5 / 10
 Budapest + 1 more

Established software development agency with $1.36M revenue and high growth potential in eduTech, fintech, healthcare.

Key Business Facts
Yearly Sales USD 1.3 million
EBIDTA Margin 12 %
Industries Staffing
Locations  Budapest + 1 more
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.
Products & Services Overview
IT software development, DevOps, mobile and web app development, licensed IT staffing and recruitment services.
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.
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.
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... View More
Includes physical assets worth USD 30 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business or Enquire on WhatsApp