Annual Revenue: $858,114
Net Cash Flow: $138,048
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.
Reason For Sale:
Training & Support:
The owners are willing to support the new owners in transition for as long as they require.