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Listing ID: 2525009Listed on: May 19, 2017

Global Supplier Of User Authentication Software Solutions For Sale

United States

$ 2,100,000

(Furniture / Fixtures included)

Revenue: $ 1,570,000

Cash Flow: $ 593,000

Business Description

This New England based business is a leading, global supplier of user authentication solutions. They offer their customers a flexible, cost-effective software product with full technical support from the company’s developers. Since its start in 1999, the business has provided user authentication solutions to small, medium, and large businesses, as well as to many colleges and universities nationwide. The company sells into a variety of industries including, but not limited to: Education, Manufacturing, Financial, Technology, and Insurance, as well as Non-Profits, and Government. The diverse customer base shields the business from a downturn in any one particular industry. In 2016 annual service contracts, along with support for legacy products, generated approximately 38% of annual revenues. Sales and Discretionary Earnings were up by over 13% in 2016 over the previous year and Q1, 2017 shows a run-rate increase of 20% over 2016. The revenue generated from these annual service contracts provides a steady revenue stream, which helps manage the company’s cash flow. Since introduced, the company has sold its software to more than 600 enterprises in the U.S. and abroad, comprising of millions of users. The Seller’s Discretionary Earnings have averaged about 36% for the past 4 years due to low overhead and efficient cost structure. The principal will provide extensive transition support and is flexible on the length of time that he would be willing to stay on post-closing, in order to work with the new owner. He is committed to a successful transition. For more information, email or call John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC at 603-880-8200.

Property Details

Size:

3364 sq. ft.

Years Established:

1999

Property Type:

Lease

Other Details

Business Location:

The business leases approximately 3364 sq. sq. feet of “Class A” office space.

Premise Details:

The business leases approximately 3364 sq. sq. feet of “Class A” office space.

Expansion Potential:

Sales for Q1, 2017 were up over 2016 and on trend for a 20% increase over 2017. Considerable revenue growth could be achieved by adding additional full-time sales staff or by adding this product line to an existing sales organization. A hosted model provides for Professional Services to be added to each sale thereby increasing the initial purchase by as much as 25%. Available as either an on-premises solution or in a cloud-based subscription model.

Operation Details

Employees:

9

Trading Hours:

Business hours

Support & Training:

Seller will provide 90 days or longer of transition support immediately after closing. Negotiable

Miscellaneous

Financing Available:

Yes
Small amount to a qualified buyer.

Reason For Selling:

Retirement

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