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 310 thousand |
| Run Rate Sales | USD 186 thousand |
| EBITDA Margin | 35 % |
| Industries | IT Services |
| Locations | Sydney + 1 more |
| Local Time | 10:13 AM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
155 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
31 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
-
Earlier than 15 daysDirector, Software Development, Colombo, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysChief Operating Officer, IT, Kuala Lumpur, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Information Technology, Sydney, Individual Investor / Buyer connected with the Business
Tags:
Profitable Technical Service Company Investment Opportunity in Colombo, Sri Lanka
·Profitable Technical Service Company Investment Opportunity in Sydney, Australia
·Profitable IT Services Company Investment Opportunity in Colombo, Sri Lanka
·Profitable IT Services Company Investment Opportunity in Sydney, Australia
·Invest in Profitable Technical Service Company in Colombo, Sri Lanka
·Invest in Profitable Technical Service Company in Sydney, Australia
·Profitable IT Company Investment Opportunity in Colombo, Sri Lanka
·Profitable IT Company Investment Opportunity in Sydney, Australia
·Invest in Profitable IT Services Company in Colombo, Sri Lanka
·Invest in Profitable IT Services Company in Sydney, Australia
·Profitable Technical Service Company Investment Opportunity
·Profitable IT Services Company Investment Opportunity
·Invest in Profitable IT Company in Colombo, Sri Lanka
·Invest in Profitable IT Company in Sydney, Australia
·Invest in Profitable Technical Service Company
·Profitable IT Company Investment Opportunity
·Investment Opportunity in Colombo, Sri Lanka
·Investment Opportunity in Sydney, Australia
·Invest in Profitable IT Services Company
·Invest in Profitable IT Company
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor contacted this Business this month.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 118,000+ other businesses of all sizes.
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.
You might also be interested in these businesses