For Sale: $820,000
A unique opportunity to acquire a well-established tech services business with nearly 14 years of successful operations in Brisbane. Specialising in website design, web development, graphic design and online marketing; this business has earned a highly reputable status in the industry.
There is a strong corporate team structure in place that effectively operate the business without the need for director supervision. The business also has a diverse client base throughout QLD and extends further across other states as well as abroad.
Services provided are for both one-off engagements and ongoing subscriptions such as hosting and support services. With a focus on maintaining a strong baseline of reoccurring revenue, the business has been working strategically on increasing its subscription services which mitigates risk. The income is spread across multiple clients, ensuring that the company is not relying on a small number of key clients to maintain its revenue.
Revenue has remained consistent in recent years, however FY23 saw a strong increase of 39% on FY22 to circa $1.8MM. EBITDA was $331,304 after adjustments, accounting for 18% of revenue in FY23.
This is ideal for an existing IT/tech business, seasoned professionals in the field, and investors seeking a strategic acquisition. This business's strong financial performance and diverse service offerings position it as a valuable asset to any owner.
Operating successfully for almost 14 years
Serving clients locally, interstate, and internationally
EBITDA of $331,304 after adjustments
Increase of FY23 revenue by 39% on FY22 while maintaining a 17% Net Profit over three years
Specialised in website design, web development, graphic design, and online marketing
Strong relationships with long-term clients
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The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.