Growing Technology Solutions Business – Melbourne

This thriving technology business specializes in delivering cutting-edge hardware and software solutions to the logistics and transport industries. The business offers hardware and software for Driver Fatigue Monitoring, Multi-channel DVR Camera System and tracking of assets. The systems are used in a broad range of local and imported trucks in the Australian market.

Business Highlights:

• The hardware and software systems enhance employee safety, improve operational efficiency, and ensure regulatory compliance.
• High Gross margins (averaging over 50%) from sales
• SaaS model generates ongoing recurrent revenue
• FY2024 revenue of $626,000 with a profit to the working owner of $367,000.
• Over $10,000/month in recurring income.
• Relationship with major dealerships
• Installations can be performed by contractors or the customer’s technician
• Reliable performance with established groundwork for future growth.
• Owner willing to assist 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 seeking to acquire expertise and clients in the transport/logistic industry:

• Expand Service Offerings: Introduce new services to your existing client base.
• 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 $950,000 plus stock