Computer & Technology, Online Business for Sale
OFF-MARKET PRESENTLY
Software Company for Sale? – 100% MRR Enterprise or Individual Software Product 4 Mortgage Industry!
Tampa, FL (Hillsborough County) (Re-locatable)
Zip Code: 33612
Asking Price:
$250,000
Cash Flow:
N/A
Gross Revenue:
N/A
EBITDA:
N/A
FF&E:
N/A
Inventory:
N/A
Established:
2012
A profitable software company serving the mortgage industry is now for sale!
With the exploding use of social media by their loan officers, complications with borrower feedback, and major compliance and branding concerns, the company’s clients expressed frustration with existing solutions.
It has become clear that the mortgage industry has a need for a product that integrates social media marketing, compliance regulatory overview, and processes customer feedback seamlessly.
The Company already has two successful products on the market and has created a third software product that is projected to have a significantly larger market reach than their first two. This product is being beta tested with current customers and feedback has been phenomenal.
Seller wants to rapidly complete the final stages of testing and development and to invest in aggressive marketing to bring this new product to market as soon as possible.
Owner is offering royalties based on top line monthly recurring revenues and an exit in 2 years. Based on accurate knowledge of market size and reasonable assumptions of market reach, Company is projecting $1MM revenue year 1, $7MM year 2.
Facilities: Relocatable nationwide. (Home Based)
Competition: Not a concern to the Company as this is a new product addressing an unmet market need. Projections are based on a very low total market penetration, as this market is huge.
Growth & Expansion: 100% MRR! Once launched, the Company expects a steady increase in subscriptions of both enterprise and individual customers.
Home-Based: This business is Home-Based
The Nationwide Mortgage Licensing System (“NMLS”) was created by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) and began operations in January 2008. It is owned and operated by the State Regulatory Registry LLC (SRR), a wholly owned subsidiary of CSBS.
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008, known as the SAFE Act, is a federal law designed to protect consumers and reduce fraud. The law requires every mortgage company and loan originator to be registered in the NMLS and to have a unique identifier number.
The NMLS collects and reports on all activity of the mortgage industry. Enclosed please find the first page of the 4th Quarter of 2017 Mortgage Industry Report published by the NMLS.
Full projections available in first round packet after submission of signed NDA with ProNova Partners.
OFF-MARKET-Software Company for Sale – (Tampa, FL)
