A successful company focused on application development and IT management

Czechia
listing nr.: 210006
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The company has either been sold or we have withdrawn the listing. We no longer provide detailed information about it.

Asking price 13 000 000 Kč530 000 €
Bank debt
no debt
Revenues
11 100 000 Kč450 000 €
History
20+ years
EBITDA
2 129 000 Kč90 000 €
Employees
12 employees
Amounts in

Growth potential

Consistently profitable

Large stable client base

Basic information

The subject of the sale is a successful IT company, specializing in the development of software and applications focused on the management of IT and business processes. The company has been operating on the market for more than 25 years. During that time, it has built a good reputation in the market, a stable market position and a loyal customer portfolio.

The company’s main product is an application for IT management in companies. However, the company has developed and distributes several other products designed to manage other business processes.

The great added value of the company are stable and satisfied customers, who have been cooperating with the company for many years. The company currently carries out approximately 600 – 700 invoices per year in various amounts; for a smaller part of customers, service purchases are provided contractually. Even without any further development, the company is able to generate revenue in the coming years by selling application updates to its existing customers.

The company’s customers are mainly small and medium-sized companies from various fields of activity, or state institutions. In most cases, these are long-term customers, operating on the basis of recurring payments. The company’s clients are located throughout the country, and the number of customers is from Prague, or from the Moravian-Silesian and South Moravian regions. More than 95% of customers are from the Czech Republic, expansion to neighboring countries is possible, it will depend on the preferences of the new owner.

The company currently employs 12 people, which includes a programming and separate sales department. The owners are currently involved in the strategic management of the company and projects. After the sale of the company, the owners are willing to stay in the company for a limited time, but the new owner will have to take over their role over time, or replace the existing owners with a manager / manager.

The sale of the company is especially suitable for strategic applicants from the IT field, who have their own development and sales team, and who may subsequently add the company’s products to their own portfolio.

The company is financially sound, not in debt and generates a stable cash flow, while in recent years it has achieved an above-average EBITDA margin of approximately 20% of sales. The price of the company includes all tangible and intangible assets, it counts on a zero balance in the company’s account and zero debt.

Tangible assets

  • Office furniture, computers
  • 3x car
  • stocks worth 50 thousand CZK

Intangible assets

  • custom applications for business process management
  • portfolio of stable customers
  • development team
  • regular annual income

Rentals

Offices:

  • area: approx. 200 m²
  • Rent: approx. 26 thousand CZK / month

Employees

  • 12x (developers, sales team, technician)

Total annual turnover

  • 2020 (odhad): 10,9 mil. Kč
  • 2019: 11,1 mil. Kč
  • 2018: 11,1 mil. Kč
  • 2017: 11,4 mil. Kč

Annual profit (EBITDA)

  • 2020 (odhad): 2,5 mil. Kč
  • 2019: 2,1 mil. Kč
  • 2018: 2,4 mil. Kč
  • 2017: 3,4 mil. Kč

Other information

History: 25+ years

Reason for sale: personal reasons

Legal structure s.r.o.

Structure of the sale: 100% share in s.r.o.

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