Professional Services business for sale in Canberra Airport
- Professional Services
- Canberra Airport ACT 2609
- Contact Agent
ICT Business on Federal Government Panel Canberra
Established and profitable ICT business
This business is and had been on a Federal Government panel to provide ICT to multiple government departments.
The business model is quite simple. It generates about $1,000,000 in work each year and generates a profit of about $350,000.
There is about 6 full-time staff that does the technical work. The business owner focuses on securing new opportunities and business administration.
The owner contributes about 40 hours a week and has a project management background.
The federal government spends $10 billion's in IT services each year, and the market is growing.
Securing this business opens the door to this lucrative stream of profits and secured work.
The nature of the deed arrangements to access the panel work and government contracts means we need to sell the company.
The seller is prepared to let you pay off half the purchase price, subject to it being secured against property or tangible assets.
This because he realises securing finance could be a drawn-out affair.
In addition to the negotiated sale price, you will need about $200,000 in cash float - working capital.
Working capital funds are used to pay the full-time employees. Federal Government work it's secure, but payments take 30 days from the end of the month.
So it's secure and profitable. It offers the legal opportunity to secure more lucrative federal government work, and the business has not been pursuing new work.
What's a business with secure work and profit at $300,000 plus worth, and where the owner is so confident in its credentials and capabilities that he's prepared to finance it for three years? We are thinking a million dollars as a ball park value.
Before we release any information, we would need to ascertain the busters ability to fund the initial 50%, the working capital and how they will secure the remainder.
Please email details to exclusive broker Frank Walmsley.
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