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Listing ID: 2693 Total Viewed: 2145

Profitable Mobile App IT Company Looking For Investor

Central Area, Singapore

Asking Price : SGD200K - 500K

Revenue: SGD500,000

Cash Flow: SGD20K - 50K

Payable: SGD10,000***

Established: 2012

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: SGD80,000***

Owner Role: Full Time

Net Profit: SGD150,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 18

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Expansion
Business Description

We develop cutting edge Mobile Apps for our clients.  Mobile App industry is expected to grow to $77Billion worldwide (App downloads and In-App spending) due to widespread use of mobile phones and devices. As of now, there is average of 1.4 mobile devices per person in the world


We expect a high profitability based on our plan to key in on businesses as we already have a strong pipeline of customers expressing the need for such services and products to the software manufacturer. Our management is experienced in dealing with corporate decision makers and our technical expertise in software development ops will be the cornerstone of our success. 


Our First Year Revenue for FY2016 (Apr 2015 to March 2016) is $480,000. With the additional capital from our investor to enable the execution of our planned strategy. We expect our revenue to grow in double figures in the coming years


Our profit in the region of $100,000 (and increasing) per annum will bring increasing cash flow over the years to the investor and given the high demand of software products in the coming years will increase the valuation of our company will make this an attractive investment proposition


We are currently profitable and cash flow positive. We are seeking a SGD 250,000 dollar investment to assist in covering manpower costs, development cost, research and development cost and marketing expenses 





Business Operations
Staff:
6 Local, 12 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
1200sqft
Rental Fee:
SGD2,500
Other Information
Competition:
There is high barrier of entry as IT development business requires very stong and professional skill set
Expansion Potential:
Very High

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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