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SOLD - Software Reseller

Software Integration; Technology Training; New Zealand & Australia

$395,000 - Christchurch

#311018

detail

The key strengths of this business include (but are no limited to):

  • Established & profitable
  • 100+ existing clients generating passive, 'help desk' and additional work revenue
  • Passive/trail income is $11k per month and growing
  • Formal distribution agreements with software suppliers
  • Modest overheads
  • B2B Sales
  • No/limited competition
  • Generating income in both New Zealand and Australia
  • Increasing 'on line' learning market
  • A leader in an emerging industry and a new category
  • Part time hours from current owner
  • Clearly identified opportunities for growth
  • Consistent lead generation from suppliers and professional advisors
  • Exceptional systems & processes

There is a mix of very robust business systems and very capable consultants either employed by the business, or contracted to it. The team have excellent experience in what they do and enjoy their roles, and given they are Canterbury based, it is likely that the business would remain in Christchurch. Saying that, this business could be run from anywhere.

The vendor has a number of differing projects that occupy his time, and freely acknowledges that he is the current bottleneck to growth. This frustrates him as he can see a clear and increasingly profitable future, but simply has insufficient time to execute it...albeit he will be available for a comprehensive handover. The buyer could be:

  • A professional manager experienced in B2B sales
  • A systems integration or training business wanting to bolt on additional capability and/or open a Christchurch branch
  • An accounting firm wanting to own the App Advisory space for specific industries
  • An experienced Project or Contracts Manager or General Manager/CEO wanting to leverage their experience and knowledge within a business systems environment
  • An IT or software specialist wanting to 'do their own thing'

The current owner works about 25 hours per week, primarily responding to lead enquiry and generating sales.

Net Surplus $169,925 EBPITD

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 311018, Broker Name Damien Fahey

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
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