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LISTING ID # 33833
This business is a sales, contact manager/inventory & accounting system. Fully customizable to create industry specific solutions. Written in MS Access& Visual Basic. Data is stored using MS Access databases or SQL Server backend databases. Fully documented comprehensive user manuals. Serving clients across the US since 2000. Full Business Prospectus available to qualified buyers. Applications Include: Order Entry (Sales),Contact Manager, Inventory & Shipping, Purchase Order Control, RMA Tracking, Accounts Receivable, Credit Manager, Accounts Payable, General Ledger. Overall Features: Accounting modules are GAAP compliant, Fully Customizable, Stable and reliable, Multiple Currency support, Multiple Language support, Extensive Integration with MS Office (Word and Outlook email).History - this business was created as a cost effective customizable business solution for small to medium size businesses. Used by Retail Supply Warehouses, Payroll Processing Vendors, Computer IT Firms, Medical Packaging, Inventory Brokerage Dealers, Construction Subcontracting, School Directors Assn. Notary and Auto Titling, Various Sales & Distribution Firms, etc. Only marketing has been word of mouth& referrals. Many years of net income of $250k.Business Model: The software is licensed with a EULA(End User License Agreement). This agreement allows a client to run the software perpetually & make customizations to the source code. Business is the sole owner of the intellectual property including the source code. All modifications are also owned by this business. The license has a one-time (peruser)fee with add'l fees when add'l users are added & add'l revenue from general support, training & custom modifications. The major appeal of the software is the ability to tailor it to a company's specific needs. Modifications are often the biggest part of revenue. Historical licensing fees are $201,825.00 and consulting, support, modification etc. are $2,470,364.00(Gross Sales in Business Profile). Run semi absentee- 5-10 hrs per wk. 27 companies, some with over 75 multi- state users have run the system. Perfect Opportunity for: A software sales company w/their own accounting package or a software co. that already has an industry specific solution but not the full accounting suite to integrate with & complete their software package; or a large company that wants to distribute a software solution to subsidiaries & control the software w/o having to pay license fees ,rely on or be leveraged by a software vendor. Intellectual property was professionally valued between $5 & $10m or conservatively valued at $ 1,920,000 (the programming rate & hours required to create this program. Contact Broker Joseph Stansky for more information on this opportunity.
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