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Database Software Company Investment Opportunity in Sofia, Bulgaria

Company offers software for the creation of online contests and has a 160K user database.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.1 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Application Software + 1 more
Locations  Sofia
Local Time 9:57 AM Europe / Sofia
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 220 thousand for 95.0% stake (Native Currency: BGN 400,000)
Reason: The software and website are ready and operational. It requires funds for business development and s... View More
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Business Name
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Business Overview

- Company with a website that offers free software that businesses can use to create online contests.

- Our website uses proprietary software.

- We have invested more than 15,000 working hours in software development.

- We have created over 400 online contests and over EUR 100K has been disbursed in prize awards to our users.

- The website has 164,309 registered users and 57,746 user-generated media uploads.

- Monetized through advertisements, paid promotion of media uploads, and the creation of contests for select clients. Did paid work for only 20 such clients (businesses).

- Post-launch we did not have enough funds for business development and marketing.

- Business was not fully operational last year due to a liquidity crunch. Thus, we earned no revenue last year.

- Business has no loans and it has 3 owners with equal ownership.

Products & Services Overview

Online contests, gold membership, virtual currency.

Revenue sources were media promotion, contest promotion, home page ads.

Assets Overview

Company trademark in Europe, another valuable trademark in Bulgaria, website along with the '. com' and '. bg' domains, Facebook and Instagram pages, database with 164,309 registered users, working and well-developed technology with over 15,000 work hours.

Facilities Overview

Currently, there is no office or other facilities.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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