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Web & Mobile Development Business for Sale in Kochi, India

For Sale: Company providing IT development and IT enabled services to 9 international clients.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 80 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 30 %
Industries Software Companies + 1 more
Locations  Kochi
Local Time 11:55 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 240 thousand (Native Currency: INR 20,000,000)
Reason: Director, an Indian-Canadian, is planning to move back to Canada to take care of the business there.... View More
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
Documents
Business Overview

- The parent company is in Canada, this Indian business unit is registered under CSEZ (Cochin Special Economic Zone) in Infopark Kochi, Kerala.

- Director, an Indian-Canadian, is planning to move back to Canada to take care of the business there. We are looking for either sell this Indian business unit or a strategic partnership. The new business expansion plan is to focus more in Canada & US, and get high-value projects from there and get it developed here in this Indian company. Can work on a strategic partnership model between this company and the Canadian company.

- Company specializes in developing AR-based applications, IoT solutions, web & mobile apps, and eCommerce platforms.

- We receive project specifications from our clients and design & develop the solution based on the requirements.

- Developed six own products and started marketing in ME, North America and in India.

- Our Products (Property Lease Management, Online Ordering and delivery Apps, Community App, School Management, CRM, Project Costing)

- Have 9 international clients from UAE, Oman, Saudi Arabia and Canada.

- Have completed 7 projects so far and have 4 ongoing projects.

- Workforce has industry experience ranging from 5-10 years.

- We are into 3rd year of operation now and have achieved substantial growth in revenue and profit.

- The selling price includes full business, office equipment, workstations, projects developed, clients, and contacts.

Products & Services Overview

Augmented Reality based applications, IoT based solutions, Web & Mobile app development, CRM and Online ordering and delivery apps, Property Lease Management, HRMS, School Management application.

Facilities Overview

Rented office located in Kochi Infopark complex with CSEZ (Cochin Special Economic Zone) approval.

Total office space of about 1,600 sq ft with a capacity to accommodate 46 work stations. Monthly rent of INR 1 lakh.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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