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Profitable IT Services Company Investment Opportunity in Sydney, Australia

Invest in a multinational IT services company with 350 customers in Australia.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 330 thousand
Run Rate Sales USD 200 thousand
EBITDA Margin 35 %
Industries IT Services
Locations  Sydney + 1 more
Local Time 10:47 AM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 170 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... View More
Includes physical assets worth USD 33 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
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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.

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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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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