FY2024 Income to Working Owner of $367,000 Seeking Offers Over $1,200,000 Plus Stock
Business ID: XB158903
This thriving technology business specializes in delivering cutting-edge hardware and software solutions to the logistics and transport industries. The main products and services include a Driver Fatigue Monitoring System, a Multi-channel DVR Camera System, and GPS Tracking.
Currently operating out of Victoria, and the business can be relocated as customers are based across Australia.
There is a growing pipeline of potential clients and monthly recurrent revenue. Most new clients come from leads generated through effective marketing and referrals from highly satisfied customers.
Business Highlights:
- Real-time Information & Insights: Enhance employee safety, improve operational efficiency, and ensure regulatory compliance.
- Revenue & Profit: FY2024 revenue of $626,000 with a profit to the working owner of $367,000.
- Growing Subscription Revenue: Over $10,000/month in recurring income.
- High Gross Margins: Offering cost-effective solutions.
- Installations: Systems installed across major brands of local and imported trucks in the Australian market. Installations can be performed by contractors or the customer's technician.
- Proven Track Record: Reliable performance with established groundwork for future growth.
- Flexible Operations: Business can be operated from various locations.
- Transition Support: Owner willing to assist the new owner with transition and growth.
The current owner, with multiple business interests, seeks to exit this venture, allowing a new owner to fully capitalize on the growing demand. He is committed to offering transition assistance over an agreed period.
Ideal Acquisition for an existing ICT Businesses:
This business presents an excellent opportunity for integration into an existing ICT operation:
- Expand Service Offerings: Introduce new services to your existing client base.
- Boost Marketing & Sales: Enhance your marketing and sales capabilities.
- Cross-Selling & Up-Selling: Leverage opportunities to cross-sell and up-sell across both client bases.
Don't miss this opportunity to acquire a growing, profitable technology solutions business with a solid foundation and immense potential for future growth.
Asking Price: Seeking Offers Over $1,200,000 plus stock
Property Code: 4068
