SOLD ‘Q1 2024
Software Development and Engineering Company
Waxhaw, NC (Union County)
Asking Price: Best Possible Offer
Cash Flow: $2,500,000
Gross Revenue: $8,000,000
EBITDA: $2,340,000
FF&E: $200,000
Inventory: N/A
Established: 2018
Employees: 30
Business Description
The Software Development and Engineering Company is a limited liability company and was incorporated in January 2018, by the founders and current owners in the southeastern United States (exact location provided is the advisor’s location, not the business location). The company provides comprehensive services that focus on offline programming, project management, commissioning, maintenance, and production support for industrial automation in the automotive industry. Clients include Mercedes Benz, FFT, EBZ, Dalian Auto, and BWM among many others.
The company is projected to reach $8M in revenue in 2023 with nearly $2.4M in adjusted EBITDA and has demonstrated steady growth throughout its history. Its customized solutions and local relationships are an important competitive advantage that is difficult to replicate.
Under new leadership, the company could expand geographically (domestically and internationally) using both internal full-time labor and outsourced contracted labor following the company’s current model at a larger scale.
NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
One Corporate Office Location in an appealing part of the southeastern U.S.
Competition:
The industry is competitive, but primarily from larger, national companies (such as Siemens and Millennium). The company can offer services at a lower cost due to its access to local talent and much leaner cost structure. In addition, many clients prefer to deal with a local partner to solve their software development and engineering needs.
Growth & Expansion:
The current ownership has grown the business substantially within the southeastern U.S. The next step is geographical expansion outside the southeastern U.S. both domestically and internationally.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
The current owners are nearing retirement age. They are willing to help with a transition and would contemplate remaining under new leadership, but a planned retirement is important for both owners.
SOLD-Software Development and Engineering Company For Sale
