An opportunity exists to acquire an established AU/NZ IT (Hybrid) services and solutions provider specialising in Hybrid Cloud products that simplify technology to provide business benefits.
1 The head office is located in the Sydney CBD and serviced offices are maintained in four other locations across Australia and New Zealand, with staff in both countries.
The business has established itself as the first and leading provider of "Hyper-Converged" server and storage solutions in ANZ. The business is uniquely placed to exploit this market opportunity; It holds the highest level of partner status with the dominant vendors in this space. They are also recognised in the industry as being the experts in Hyper-Converged infrastructure and have a large existing customer base which is constantly increasing their investment in the technology.
While industry experience will augment the existing skills base within the business, this is not an absolute necessity. Good management and commercial experience will be a valuable addition to the existing array of expertise within the business.
The business operates during standard working hours. However, as a service based business these hours may vary.
The Sydney head office is owned by the vendors. All other offices are serviced offices.
The business employs eleven staff working under the vendors, which includes specialised consultants who carry out technical deployments.
Reason for Sale
The vendors are looking for a change of direction and believe the business is ready for a fresh perspective to move it into the next phase of its life cycle. This will enable continued growth and to continue to capitalize on the market opportunity, presented by this next wave of cloud computing.
About the Business
A net profit of over $900K for 2019 YTD figures based predominantly on existing clients. There is huge potential to expand the client base.
Key facts about this company: - Directors are prepared to stay during the handover period and beyond if required.
- The business focuses primarily on four key areas - Hybrid Cloud, Hyper-Convergence, Backup and Disaster Recovery through partnering with a selection of key products with whom they have premium partner status.
- Many of their partner Vendors were sourced and brought from the US to Australia by the business whilst still relatively unknown, with the business now having exceptional knowledge of each product.
- Long established and well-known in the industry, with excellent repeat business and many large well-known clients including several large healthcare providers with projects totalling over 74,000 seats across FY2018.
For more information on this opportunity, please contact the undersigned:
Matthew Holland Director Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0425 223 629 T: 1800 858 696 E: firstname.lastname@example.org
Mary Hervir Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0414 678 616 T: 1800 858 696 E: email@example.com
For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 1998382 to search for the business.
Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.