Sarasota Software and Cybersecurity Services

Business Description

For sale is a 3-year-old remotely run I.T. company that develops customized software and provides cybersecurity services to businesses. The company’s mission is to deliver a new level of quality by integrating English-speaking Polish engineers, trust, and innovation into the American I.T. market.

Using master service agreements based on long-term relationships, the company has 15 clients, of which 8 are active. The average yearly revenue per agreement is $200K and total revenue for 2022 is expected to be around $1,500,000. Since the company provides sophisticated, experienced engineers, they have higher margins than companies that use junior-level engineers.

The business is very independent and should be easy to continue and grow, especially since every company with a software need is a potential client. The operations staff comprises of 2 full-time contractors in Poland. In addition, there are 12 contract engineers in Poland and 1 in New York.

Financial Overview

Asking Price: $2,000,000

Revenue: $1,477,211

Income: $389,767

Multiple: 5.13x

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