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Web & Mobile Development Company for Sale in Bangalore, India

Nearly 20 years old software development company looking for new promoters.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales INR 53 lakh
Run Rate Sales INR 30 lakh
EBITDA Margin 40 %
Industries Web & Mobile Development
Locations  Bangalore
Local Time 7:33 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: INR 90 lakh (Native Currency: INR 9,000,000)
Reason: Promoters are equally engaged in other ventures as well. One of the promoter wants to exit due to re... View More
Includes physical assets worth INR 1 lakh
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Business Overview
- Nearly two decades old company in active status without any third party liability.
- Used to work only for regular clients in the past.
- Currently engaged in product development, contract developer deployment, Data analysis.
- Ample opportunities to scale up the contract staffing business with the regular contract staffing requirements we get on a weekly basis.
- One international client in Data analysis. Maintaining their production site from 2023.
- 3 contract developers deployed, can go up to any number if there is a small recruitment team.
- Few old returning clients requesting for quotations, some of them are convertible if you are interested in the service model.
- Has 4 products (mobile and web applications). 2 of them are old applications and needs minor updates to continue generating revenue. Two newly developed applications are ready to go live.
Products & Services Overview
Our main services include:
- Providing developers on contract.
- Data Analytics.
- Web and mobile-based application development.
Assets Overview
Tangible assets include-: Few laptops and basic office furniture like chairs, UPS.
Intangible assets -: Few returning customers, one international client in data science, 3 contract developer deployments, few web and mobile based products that used to generate revenue in the past, these apps need updates to go live again.
Facilities Overview
We have 2,000 sq. ft, rented space located in South Bangalore towards E-city. May soon move out to a small space to save some rent and also due to the remote work culture promoted by the company.
Capitalization Overview
Operational costs are covered by the current business. No debts other than the directors loan of 20L. Currently, there are two directors who hold 100% share.
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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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