Profitable Web & Mobile Development Company Investment Opportunity in Mandaluyong, Philippines

- Delivering IT services has been the main source of revenue for the past 2 years of operations but recently we changed our line of business to web and mobile app development due to which the sales have marginally dropped.

- Growth was sustained by developing IT solutions to cater to the process automation needs of new and existing clients.

- The business has served around 23 clients to date.

- We have 7 active clients in the business as of now.

- The average duration of one of our projects is about 6 months.

- We receive 50% of the payment in advance and the rest 50% after the project is completed.

- The business has a developers team of 6 people, 2 people in the sales team, and 1 person to look after HR and finance. All our employees are crucial to delivering the projects to our clients on time.

- Web and mobile application development.

- Managed IT services.

- Payroll, human resource information system.

- Inventory, and point of sale solutions.

Physical assets of the business include laptops and office furniture.

Operating from a rented office having a carpet area of 13 sqm. The rent for the office is INR 20k per month. The office is located in Mandaluyong, Philippines.

The business has five directors in the business having a shareholding of 60%, 13%, 11%, 9%, and 7% respectively. There are no loans in the business.