Profitable IT Services Company Investment Opportunity in Sydney, Australia
Invest in a multinational IT services company with 350 customers in Australia.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 330 thousand |
| Run Rate Sales | USD 196 thousand |
| EBITDA Margin | 35 % |
| Industries | IT Services |
| Locations | Sydney + 1 more |
| Local Time | 1:12 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
163 thousand
for
50.0%
stake
(Native Currency: AUD 250,000)
Reason: Willing to diversify 50% stake to a company/investor who enhances the revenue by taking responsibili...
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Includes physical assets worth
USD
33 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- IT company offering software development, IT support, and staffing services with multi-national operations.
- The company has 350 customers in Australia.
- Company operates with the help of two registered entities - one in Australia that does the sales and marketing while there is one Sri Lankan entity that handles the development and has 16 software engineers/developers on its payroll.
- The Australian entity has two directors who handle the sales.
- Sales have reduced a bit as the staffing operations have taken a hit.
- The investor will get a 50% share in both entities as the business needs both entities to operate.
- The business generated an annual turnover of around AUD 550 thousand last year at a profit of approximately AUD 200 thousand.
- The company has 350 customers in Australia.
- Company operates with the help of two registered entities - one in Australia that does the sales and marketing while there is one Sri Lankan entity that handles the development and has 16 software engineers/developers on its payroll.
- The Australian entity has two directors who handle the sales.
- Sales have reduced a bit as the staffing operations have taken a hit.
- The investor will get a 50% share in both entities as the business needs both entities to operate.
- The business generated an annual turnover of around AUD 550 thousand last year at a profit of approximately AUD 200 thousand.
Products & Services Overview
- The company specializes in offering software - development and IT support services to customers in Australia.- The company ventured into staffing IT and software engineers to software companies in Australia.
- Development and staffing centres are in Sri Lanka.
- Sri Lankan company is well equipped to handle high calibre staff outsourcing.
Assets Overview
The investors get a 50% share in a 20-year-old Private Limited Liability company in Australia and a 15-year-old Private Limited Liability company in Sri Lanka.Through this, the investor gets 50% ownership of tangible assets like computer equipment and furniture and intangible assets like 350 customer base and well-maintained websites.
Facilities Overview
Have management and technical team in Colombo, Sri Lanka in a rented 2-story office. There are 16 employees in Sri Lanka.The customers are handled by the sales team from offices in Sydney and Melbourne. There are 2 employees in Australia, one in each city.
Capitalization Overview
- Both companies are owned by a parent company in Sri Lanka. There are three shareholders in the parent company. However, the parent company is the one and only (100%) shareholder in both the Australian and Sri Lankan entities used to operate this business.- The operation is funded by the parent company and generates cashflows.
- There are no loans or debts.
Recent Activity
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Earlier than 15 daysMD, Biotechnology, Indore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Holding - Technology, Jakarta, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysMD, Recruitment, Kathmandu, Individual Investor / Buyer connected with the Business
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1 Investor contacted this Business this month.
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