Listing Id: 1780
Last Refreshed: 07/05/2019
Total Views: 9778
(Expired)Cash Flow Positive Profitable IT Company For Sale
SingaporeWeb Design and Development
Asking Price: S$500K - 1M
Business For Takeover
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- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
S$0
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Rental Desposit
N/A
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Revenue
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Liability
N/A
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Gross Profit
N/A
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Net Profit
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Stock
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
0
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Established
2009
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Source
Direct Seller
Reason For Sale
I’m selling because I want to focus 100% of my time on another company.
Description
This is a small IT company with positive cash flow on revenues of between $100k and $200k per year. This company has been around since 2009 and our longest serving client is 7 years and ongoing. The company has existing contracts and around $80k receivables upon completion of existing projects. We have about 6 concurrent projects at the moment.
This is a good opportunity if you are looking to establish a quick presence in Singapore, build up a portfolio immediately, taking over a profitable cash flow positive technology company. We all know around 80% of companies can’t make it through the first year so that explains how difficult it is to build up a profitable cash flow positive company.
I’m willing to listen to any reasonable offers. I’m looking at around 5 times revenue, so between $500k and $1 million.
I’m selling because I want to focus 100% of my time on another company.