20 yr SaaS/Relocatable/Professional Development

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Background

BizEx ID:BizEx1321-SL
General Location:Virtual, CA
Category: Software & Technology
Educational Services
Years in Business:20
Under Present Owner:all
Hours of Operation:8am-5pm
Owner Hours:both owners are full-time
Training:negotiable weeks @ hours
Organization Type:S-Corp
Lease Expiration:n/a
Lease Options:n/a
Building Size:n/a
Employees:7
Reason for Sale:Retirement

Financials

Asking Price:$5,200,000
Down Payment:Negotiable
Gross Sales:$2,278,315
Discretionary Cash Flow:$1,078,920
FF&E:n/a
Inventory Included?No
Inventory:n/a
Min. Operating Capital:
Real Estate Available?No
Rent:$0
Financing:SBA

2021 Aug projections 2020 2019
Gross Sales $ 2,278,315 $ 1,587,643 $ 1,418,757
Gross Profit $ 1,910,378 $ 1,245,018 $ 1,067,832
Disc. Earnings $ 1,078,920 $ 760,391 $ 650,308

Pictures


Description

Overview

This company is operated in a virtual environment with employees in CO, NC, FL, IL and GA.  A B2B Horizontal SaaS company providing Professional Development technology and services with 20 years in business. The company has strong margins that can be leveraged for expansion. The software revenue is recurring, licenses are annual and are charged per user, billed in advance. The staffing revenue is a multi-year contract and the services revenue is one-off project based.

Ideal New Owner

Strategic, PE or Entrepreneur with synergistic skills and opportunities to market and grow.  Or an experienced owner who could couple the solutions with other strategic offerings within the HR space.   An entity looking to expand within the Professional Development sector and seeking a quality platform to launch their expansion. 

Additional Comments

  1. 40%+ revenue and margin growth in 2021
  2. Client base across different verticals
  3. Product/Service is well position for how companies look at development and retention
  4. 2021 forecast was done in August and is considered conservative. It is based on closed business, upcoming renewals and current accounts receivables 

Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations