Profitable IT Services Company Investment Opportunity in Sydney, Australia

- 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 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.

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.

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.

- 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.