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Custom Application Development Company for Sale in Székesfehérvár, Hungary

Profitable high-quality software development agency with staff augmentation services - 1.1M € annual revenue.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 1.1 million
Run Rate Sales USD 1.1 million
EBITDA Margin 17 %
Industries Staffing + 1 more
Locations  Budapest + 1 more
Local Time 5:57 PM Europe / Budapest
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 390 thousand (Native Currency: USD 390,000)
Reason: We would like to merge and improve our business and internal processes to grow further. This is due ... View More
Includes physical assets worth USD 30 thousand
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Business Overview

- Our business is engaged in offering high-quality custom IT software development, mobile and web application development, custom integration solutions (e. g. Shopify apps) and DevOps services (AWS, Azure)

- We also provide on-demand staff augmentation for companies - we lease senior engineers in T&M for larger cooperations.

- We are working with 9 to 10 long-term B2B clients.

- We are officially licensed in EU to do recruitment and staff/labor leasing.

- 30% of annual revenue is from software development services.

- 70% from the scalable, long-term staff augmentations -

- To this date, we have completed 30+ projects successfully.

- We are also focusing on omnichannel online trust building.

- The CEO has 10+ years of experience leading full-stack development teams, and working with clients in IT consulting in the US, Switzerland, Hong Kong, and Hungary.

- We generated total revenue of 1.15M USD last year - profit was 172k (but it was a hard year)

- In the current year Q1 - the total revenue was $373,8k - record!

- For the current year, we at the moment (Apr current year) have 5 yearly contracts signed, and 2 half-yearly (with renewal) in staffing. Besides, we have 2-6 months IT projects signed we are working on.

- Currently we work on US projects, 1 project from Dubai and several Hungarian IT Projects.

- We have a qualified senior developer talent pool of 500+ - we can contact them anytime to check on their availability to join our projects - we already qualified their skills.

Products & Services Overview

IT software development, DevOps, mobile and web app development, licensed IT staffing and recruitment services, and try and hire model - contract for 6 months and then hire.

Assets Overview

Staffing management system.

The highly motivated full team with my management.

A custom-developed contractor management system,

Knowhow in IT out staffing, ongoing clients of 6 predicting the minimum results of $1.2k+ revenue per year,

Great relationships with several enterprises in Hungary and in US.

Sales team presence in the US (San Francisco) and Hungary.

List of an up-to-date talent pool of 500+ senior developers, testers, and designers.

Most of my engineers work with us for years with low fluctuation.

CRM setup with numerous clients.

Self hosted large-scale email outbound marketing system with custom-developed automation to reach out potential clients.

Facilities Overview

We are a remote company meeting in Budapest twice a month in a coworking space or for fun team building events.

We rent an office of 2 rooms (80 m2) at Szekesfehérvár where some of the staff, interns and seniors, and the CEO are based.

Capitalization Overview

1 solo owner - 100% of the shares.

Cash is minimum 120k USD + - strong liquidity!

1 apartment is owned - value of 90k USD.

The company has a loan of USD 42K on a 0.5% interest rate.

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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