Leading Bank Account Reporting Services and Software Provider

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Asking Price:
 Not Disclosed

Gross Revenue:
$867,000
Cash Flow:
 Not Disclosed
EBITDA:
$267,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The company's services are marketed and sold to banks and other relationship partners for resale to customers and are designed to accommodate their customers' unique accounting needs. Services include sub-accounting, fiduciary escrow/trust accounting and reconciliation, bank account monitoring, fraud and alert reporting software. The company's sales channels include banks, title insurance underwriters, real estate software developer networks and direct sales to the customer.

Key aspects
· Recurring contractual monthly sales revenue
· Limited competitive landscape
· Established long-term financial institution and real estate industry relationships
· Vertical software developer
· Vertical software developer relationships
· Solid and diverse customer base
· Experienced personnel (30+ years of experience

About the Business

Facilities:
The company operates from a facility leased from an affiliated entity. There is room to grow in the current location which is about 60% occupied.
Growth & Expansion:
Opportunities

· Promote services to accommodate new legislative compliance mandates
· Research and develop new innovative financial solutions addressing customer's specific needs
· Expand national footprint
· Focus on market segments and vertical industries relating to real estate (real estate title companies, attorneys and national title insurance underwriters)
· Market and implement the online sub-account management services to partner and prospective banks
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Listing Info

ID:
1601748
Ad Detail Views:
0

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Business Listed by

Tyrus O'Neill

Benchmark International

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