A software development business, founded in 2007, is up for sale. The company specializes in offering various services such as outsourcing, web development and design, custom development, database management, and UI/UX design. The business model involves bidding on projects through an outsource service provider, winning projects, and redirecting them to a global outsourced development team. This collaboration results in the owner earning 50% of project revenue. The company boasts a strong profile with over 100 completed projects and an average rating of 4.7 out of 5.0, along with a 22% client repeat rate. The sale includes the business’s website, a ten-year-old profile on a major outsourcing platform, a developer team, and a client mailing list.
Financially, the company displayed steady growth, with annual revenue increasing from $6,500 in 2007 to $29,500 in 2015. While there are no tax returns available to support revenue claims, income reports from PayPal and bank account statements are provided. The main expenses are a 50% share to the development team and a $50 annual cost for hosting and emails. Currently hosted on HostingSmartup.com, it’s suggested to maintain this hosting initially after the purchase. Employment contracts are transferable if desired. The owner is selling the business due to retirement, eager to pass on the opportunity to someone with more energy.
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1. Agreements & Contracts.
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