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Accounting Software Business
Location: United Arab Emirates
Industry: Technology – Internet Related > Web Design and Software Development




Business Summary

Accounting Software Business for sale, an accounting software package developed and marketed in UAE. Products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

A business software system development company based in the United Arab Emirates has developed its original Simple Edition (SE) accounting and finance software with Arabic users as main target.

The Company has built and developed its main software under the leadership of one of its partners, who has a tremendous experience in programming while utilizing his expertise and the latest technologies in every development stage from its establishment in 2006 until now.

The product has proved its success against competitors in the market where new customers preferred it over using other software for its many distinctive benefits. Sales in 2019 alone were $750,000 without marketing and only by door-to-door sales to retail businesses and service providers. Sales stopped since then for developing the infrastructure and the software. The Company has produced 25,000 new copies ready to be sold in the next phase.

The next phase for the Company is developing a sales and marketing strategy besides developing infrastructure for cloud computing, turning it into a global service provider, an online platform operated by the web and mobile, to benefit from the technological revolution.

The Company has the brand name, coding of the program, all intellectual properties, and patents protected and registered in the Emirate Ministry of Economy.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $750,000
Cash Flow:   $750,000
Cash Flow Type:  EBITDA
Inventory:  $2,000,000
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes - Main programmer will be with new owner.
Reason For Selling:  Retirement of owners

Photos

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Accounting Software Business Photo 1




Print Listing Id: 700381801


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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

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