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Electronic Forms Service For Sale - San Jose, California

Ad/Listing Information
 
Status: Off The Market
Location: San Jose
County: Santa Clara
City: San Jose
 
 
 
 
 
 
  
 
 
 
Financial Information Detailed Information
 
Price:      $495,000
Down:      $96,000
Revenue:      $352,057
Adj. Net:      $137,456
Relocatable:      Yes
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Yes
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This San Jose Electronic Forms Service Business For Sale:

What it does: The business is an online forms service. It can be relocated anywhere - it used to be in Hawaii. Users can fill out, save and print standard forms. There are over 300,000 users nationally. The business does not create or modify forms - the client must own the rights to the form and provide a final copy which the business then converts for its online service to look exactly like the form provided by the client - what the user sees looks EXACTLY like the form provided but is, in fact, the entry screen for the service bureau's database.

The business owns the proprietary software used to convert the clients pdf forms to electronic forms. Users log in on the web to the company's servers where the forms reside. Using this service enables the clients to easily manage forms for very large numbers of users and gather data that is stored whenever a user fills out a form.

Over the years the owner has highly automated everything about this business such that the owner works very little with one full-time and one part-time employee to serve hundreds of thousands of users.

The owner does not write code. His strength is customer service, so if you are good at keeping clients happy and good at sales, then this will be a good fit for you as the new owner. The owner does sales presentations via WebEx, so you don't need to travel to pitch the business for new customers.

The service also has two downloadable versions that run on a PC or MAC for users who don't always have Internet access.

Could be home-based or relocated. Owner says computer-savvy couple can run from home with no employees and put another 25,000 dollars to their bottom line if owners do the work of the two part-time employees plus an additional 13,000 dollars by eliminating the cost of the offices.. This would make earnings at the present level of business over 180,000 for a couple working from home with no employees. Could grow into many other markets with proactive marketing.

Present owner is retirment age and has no desire to grow the business. Only marketing is two trade shows a year.

This is an SBA prequalified business. BTI#7550GC.


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