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Software Company Focused On Law Enforcement

Date Posted: Aug 09, 2023
Last Updated: 09-29-2023
Financial Information
Price: $600,000
Annual Revenue: $858,114
Annual Net Profit: $138,048
Revenue Multiple: 0.7x
Profit Multiple: 4.35x
Currency: US Dollars
Post Details
Status: Available
Industry: Business
SaaS  
Listing Owner: Synergy Business Brokers
Location: United States
Description

Price: $600,000 Annual Revenue: $858,114 Net Cash Flow: $138,048 Industry: Technology Location: New Jersey

This company has been in business for over a dozen years. Their software primarily focuses on offering municipalities and other law enforcement resources solutions for electronic citation/ticketing, Special Complaints/eSummons, Code Enforcement, Work Orders, and Inspections. They have an offshore dedicated support team that interacts and supports their clients 7 days a week/ 24 hours a day. The business aims to help law enforcement, and other government employees do their jobs more productively by developing and introducing innovative and efficient software and hardware products that can be used in the field. This is a very nimble handheld ticketing device company that credits its success to the customization of its programs in all its verticals. The company also spends a third of the marketing dollars that its competitors do. It is gaining new market share by introducing a unique low subscription model for its products and services. Unlike fixed-price contracts, this improves margins and profitability in the long run and keeps the customer tied to the business for the long term. Two partners own this business. They are motivated and are looking to retire. Listing Details

Reason For Sale:Retirement Training & Support:The owners are willing to support the new owners in transition for as long as they require.

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