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Profitable Custom Application Development Company for Sale in Sofia, Bulgaria

For Sale: Owner-independent, fully remote software agency with 9-year track record and B2B clients retention.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 115 thousand
Run Rate Sales USD 174 thousand
EBITDA Margin 40 %
Industries Custom Application Development
Locations  Sofia
Local Time 3:29 PM Europe / Sofia
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 290 thousand (Native Currency: EUR 250,000)
Reason: The owner wants to exit the business and focus on another venture. Owner willing to sign non-compete... View More
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Business Overview
- Strategic technology partnerships: We serve as the primary software development partner for our clients. We are building the core products they sell to their customer base. Currently we have two main clients - one from Italy and one from Bulgaria. Both are RFID solution providers serving customers worldwide. They depend on us for their main revenue-generating software products.
- Delivery capacity: We have successfully delivered 8 major projects for international clients from Austria, Bulgaria, Germany, Italy and UK. Also we have worked on several minor projects.
- Proven 9-year track record: The business is registered in Bulgaria. We have 9 years of verified tax history and banking relationships with one of Bulgaria's largest banks, demonstrating financial stability and compliance. The business does not require any industry-specific licenses.
- Turnkey operations: The business runs independently with minimal owner involvement. The CEO/owner is not engaged in day-to-day operations, development work, or client communications. This ensures smooth transition to new ownership.
- Scalable onboarding system: We've developed comprehensive video training materials for project onboarding. New developers can self-train efficiently. This intellectual property reduces onboarding costs and accelerates team expansion.
- International reach from EU base: While incorporated in Bulgaria (EU member), we operate globally. Our main clients are in Italy and Bulgaria. Both are serving worldwide markets. With our remote-first model we can easily access international talent and clients.
- Remote-first operations: We operate as a fully remote team. This reduces overhead costs and provides operational flexibility. Our remote collaboration processes have been well-established and refined over nine years.
- Stable revenue model: Our business model provides predictable, recurring revenue through long-term development partnerships. We charge on an hourly basis, billed monthly, with contracts that have sustained for 9 years.
- Growth-ready platform: The business has grown entirely through word-of-mouth referrals. Significant expansion potential exists for buyers who invest in business development and marketing.
Products & Services Overview
- Core service: End-to-end custom software development for B2B software companies.
- Strategic positioning: We don't just build software - we develop and maintain the primary products our clients sell to their end customers.
- RFID industry expertise: Both primary clients operate in the RFID sector. This gives us deep domain knowledge in RFID software solutions, integration, and applications. This specialized expertise creates high barriers to entry and strengthens client relationships.
- Full coverage: Architecture, development, maintenance and feature enhancement.
- Mission-critical role: Our clients' businesses depend on the software we develop and maintain.
Assets Overview
Intangible assets include:
- Comprehensive training videos for project onboarding.
- Established development processes and workflows.
- Libraries for RFID reader integration.
- 9-year client relationships with proven retention.
- Strong banking and credit history.
- Registered LLC.
The company does not have any tangible assets.
Facilities Overview
Fully remote operations with no physical office required. Complete flexibility in team and client location.
Capitalization Overview
- Sole proprietorship with clear ownership structure - one owner only.
- Self-funded through operations.
- Current operational overdraft facility of 13K euro (to be fully settled prior to sale)
- No long-term debt or other liabilities.
- Clean 9-year financial history with established banking relationships.
- Owner willing to provide transition support and sign non-compete agreement.
Recent Activity
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1 Buyer contacted this Business this month. Register below to connect now!
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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