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Application Software Company Investment Opportunity in Kuwait City, Kuwait

Experienced software company with 10+ years in business, e-commerce, mobile app, and web applications development.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 500 - 600 thousand
Run Rate Sales USD 470 thousand
EBITDA Margin 20 - 30 %
Industries Application Software
Locations  Kuwait City
Local Time 12:25 AM Asia / Kuwait
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 230 thousand for 49.0% stake (Native Currency: KWD 70,000)
Reason: - Scaling the business to new geographies and new technologies. - The real demand of the market is ... View More
Includes physical assets worth USD 33 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Profile
UK Incorporation
Business Overview

1. Established and successful application software company with a 100% delivery history of over 10 years.

2. Located in Al Asimah Governate with 20 employees and the capacity to scale to larger projects, we started operations in London but then moved the base to Kuwait, and we also have a development center in India as well.

3. Specializes in eCommerce development, mobile app development for ios and Android platforms, back-end systems development, and customer-facing web applications development.

4. Has a steady and stable growth record with small and medium business clients and certain large organizations.

5. Can be an excellent company for those who want to have a complete in-house development team for their business in tech and startup space.

6. We are also venturing into Artificial Intelligence and Neural Networks.

7. There is a slight drop in the revenue. Business will be able to generate the last year sales figure soon.

Products & Services Overview

E-commerce development.

Mobile app development for iOS and Android platforms.

Back end systems development.

Customer-facing web applications development.

Assets Overview

Tangible assets:

- Computers, furniture, interiors.

Intangible assets:

- Development centers and technology teams.

- Vast portfolio of projects.

Facilities Overview

- Offices in Kuwait development center in India.

- Have business offices in a couple of other countries as well, and have a highly talented team with the capability to scale very fast.

Capitalization Overview

- Self-funded by the owner in the initial stages, from the 3rd month or so the company started taking care of all the overheads and generates profits in good numbers.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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