Software Businesses for sale in Newton Abbot

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Service Businesses - Software Businesses

Newton Abbot, Devon, England

  • Price: £250,000
Seller Reference: 5152
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Business Description
Service Businesses - Software Businesses
Seller Reference: 5152
Request Details
Business Description
Massively scalable used car real-time tracking software

I have spent several years to develop powerful vehicle sourcing software (the core bit provisionally patented in the USA in 2011) tracking as start around 4 million used cars for sale per year online in the UK, in real time – across thousands of combined sources – from private seller classified ads in local newspapers to small local dealers to large countrywide franchise dealerships. It is developed around a trader-to-trader monthly recurring subscription revenue model with around 25k used vehicle dealers in the UK as base-customer start - to net £10k per month and to require 2 employees to manage. After base UK start the software has been configured to serve the USA and Canadian markets - as well as smaller Australia, Ireland, New Zealand, South Africa and Malta. The international markets' size provides a six times multiplier to the UK income. Employee expansion is around one additional support for every 500 extra clients - each at current £50 per month average recurring subscription. As buyer I am ideally looking for somebody that might want to stay involved in the used car industry but pivot to something scalable and easy to manage with less of the usual dealership problems. I have two angel investors to repay and with development time substantially exceeding initial estimates (by a few years), repayment has become critical – hence the urgent sale.
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