Singapore  Singapore

Sell a Business

Listing ID: 1780 Last Refreshed: 07/05/2019 Total Views: 8706

Cash Flow Positive Profitable IT Company For Sale

Singapore

Asking Price: S$500K - 1M
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue N/A Cash Flow S$100K - 200K
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2009
  • Owner Role Full Time Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
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Email Owner

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.  

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