Web & Mobile Development Company Investment Opportunity in Chakvi, Georgia
Established | 5-10 year(s) |
Employees | 50 - 100 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 500 - 600 thousand |
Run Rate Sales | USD 1.2 million |
EBITDA Margin | 0 - 10 % |
Industries | Web & Mobile Development |
Locations | Chakvi |
Local Time | 10:06 AM Asia / Tbilisi |
Listed By | Business Owner / Director |
Status | Moderately Active |
- Software development company performing turnkey services.
- Our main source of revenue is outsourcing software development. We perform turnkey services and provide customers with our developers as part of their distributed team.
- 80% of our customers are international. We have worked with clients from the following countries so far: USA, Canada, the UK, Sweden, Czech Republic, Italy, Poland, Lithuania, Austria, Germany, Estonia, Singapore, Japan, and New Zealand.
- About 70% of our customers return to us, and half of them have been working with us for more than a year. We are committed to providing the best professional services. We provide fair project estimations that fit into the client's budget. We have been putting a lot of effort into our brand by developing our website and collecting reviews.
- Project billing is between USD 5,000 to USD 10,000.
- We doubled our revenue since mid-last year through a concentrated effort to increase our sales. The war in Ukraine early this year plateaued our MRR at USD 100,000.
- We have built a solid management team who treat the company as their own. They are capable of solving tasks of any difficulty and can endure tough times. We have established robust business processes.
- Our software engineers gain experience and improve. Each team member is provided with mentorship. Their salary is based on their assessment performance which they have to pass every 3-6 months. So, employees are loyal and have long-term plans to work in the company.
- The company has two shareholders in an 80:20 shareholding pattern and we have a business loan of USD 100,000.
- The investor gets a 30% stake in both the Belarus and Georgian divisions of the business.
- This business is located in Batumi, Georgia.
We help companies with no-code tools development, computer vision, internet of things, internet marketing tools, business automation tools, security & surveillance video, and CRM development.
Our main technology stack is the following:
React. js, React Native, Angular, Ionic, Vue. js. , Node. js. ,. NET, Java, Python, C++, and Machine Learning.
Industries we have developed projects for:
Agriculture, food services, entertainment, construction, educational services, healthcare, fintech, and e-commerce.
Computers, furniture and other office equipment. We are an IT company.
Renting 300 sq. m. in Minsk, Belarus, and another 100 sq. m in Georgia.
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Earlier than 15 daysChief Product Officer, Entertainment Provider, Douglas, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysTechnical Specialist, Software, Automation, Engineering Fruit-conservation, Fire-prevention, Tbilisi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Holding - Technology, Jakarta, Corporate Investor / Buyer connected with the Business