Business Overview

OFFERING
Don’t miss this rare opportunity to acquire an established online testing systems business The Company provides for the delivery of practice and certification exams and related services in support of test delivery, that can be broken up into two categories: 1) Proctoring options and 2) Custom designed Candidate Management Systems.

The Company serves clients in various markets such as associations, government bodies, and corporations. Throughout the nation for over two decades. They are highly regarded for their state-of-the-art technology, allowing for minimal technical support requirements in a more personalized fashion.

BUSINESS HIGHLIGHTS
– People: Made up of a core group of employees and dedicated business partners who have worked with the Company for over 20 years. Because of their scalable structure, they can respond to client needs in a timely and cost-effective manner.

– Price: All contracts are unique and based on the clients’ services required and total annualized attempt volumes.

– Services: Agile testing system that can respond quickly to a client’s needs, with 38 fully translated language front ends, unparalleled customization of testing programs, superior feedback, and unmatched security.

– Customers: Diversified list of customers in various markets with no customer concentration issues.

Financial

  • Asking Price: $950,000
  • Cash Flow: $317,000
  • Gross Revenue: $824,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Home Based

Purpose For Selling:

Personal Reasons

Pros and Cons:

INDUSTRY TRENDS (1) • Ramping Revenue Growth. Industry revenue increased 12.3% in 2016, 10.6% in 2017, 9.9% in 2018, 9.2% in 2019 and 13.2% in 2020. • Growth For Security Software Market. Security continues to be a lucrative market for the software industry, as an increasing amount of corporate data is exposed to the Internet. Worldwide revenue for security software increased about 8% in 2016, 10% in 2017, 9.7% in 2018 and 13.9% in 2019, according to Gartner. High growth categories included security information and event management (SIEM) and IT outsourcing. Global spending on security software is forecast to grow 8.3% annually through 2024. • Employment by software publishers increases. Overall employment by software publishers changed 6.4% in May compared to a year ago, according to the latest data from the Bureau of Labor Statistics. Source: (1) Vertical IQ

Home Based:

This Business Is Home Based

Additional Info

The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. However, the real factor and the one they tell you might be 2 totally different things. For instance, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of various other reasons. This is why it is very essential that you not count absolutely on a vendor's word, but rather, make use of the seller's answer in conjunction with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new consumers? Many times, businesses have repeat clients, which create the core of their day-to-day earnings. Particular aspects such as brand-new competition growing up around the location, roadway building, and staff turnover can affect repeat customers and negatively affect future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical home income influence future revenue potential?