"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This exciting business opportunity is now available. By owning this business, you have a Global Sales Agreement with clients all over the globe and can bill in USD, Sterling, Dirham, ZAR and many more currencies.
You are offering them an all-in-one project management and productivity platform designed to help teams of all sizes manage their tasks, documents, and workflows efficiently. The platform integrates various functionalities such as task management, document collaboration, goal tracking, and time management into a single application.
Customizable views are created by the engineering team with automation tools to streamline repetitive tasks and integration with other popular software.
Inhouse communication among team members, enhancing collaboration and alignment on projects will take the clients service levels, up.
How long has the business been established?
The Business model has existed since 2017. The Founding company, predominantly run inhouse, only started in 2023 to deal with partners all over the globe and this business for sale, has been operating from South Africa, since June 2023.
How does the business operate on a daily basis?
The excellent business model, delivers services from anywhere, to anywhere !
A core team of 8 people, all sitting on different continents, work remotely and interacts with clients, being referred to the business by the Founding Company.
The service delivery initiates through a request for new subscription to the software but then expands into engineering custom projects and coding to suit the clients needs.
Does the business have any contract work?
Well known international and local clients sign up for a subscription to the product and once integrated into their backend, the product becomes integral to the business operations.
What competition exists?
To be disclosed to serious clients
Is the business VAT Registered?
As the business kicked of rapidly in 2023, the revenue streams were allocated in 3 different legal entities where CFC Accounts were in place.
Income in USD, Pounds, Dirhams and ZAR started flowing in and the income was allocated through the vehicle who could deal with the CFC.
A consolidated view on the revenue and expenses will be shown to clients during a DD.
How could the profitability of the business be improved?
Around 15 % of the current business income is subscription-based. The core focus of the business is:
- Acquiring clients from a very well-known competitor and converting them ( to be explained )
- Signing up and converting clients in the APAC countries and the USA ( to be explained )
- Signing up and converting clients in the UAE region ( to be explained )
- Acquiring Engineers with local language ability in Europe to expand as well as into Africa
What is the total staff complement?
Staff work remotely and and are managed by an excellent Director of Engineering based in New Zealand.
The owners offered the person a 10 % equity stake which they suggest would be in the best interest of the buyer to honor.
The team is spread over the globe. 5 team members are in South Africa ( JHB, East London, Somerset West and Cape Town ) with the other 3 being abroad.
Do any have management potential?
As said although the owners are exiting, the business can be incorporated into an existing entity.
The Director of Engineering has an excellent skill set and is in a sence, irreplaceable.
How involved is the Owner in running the business?
The owners were the strategic developers of the business. They developed the relationships, negotiated and signed the partnership agreements and when needed, got involved with big clients.
However they do not do physical coding or relationship management with clients anymore.
What are the main assets of the business?
The main assets are the agreement signed with the Founding Company, the Client Base and the Skills Set retained in the staff.
What is the reason for the sale?
One of the partners / owners have decided that he wants to focus on something new. Which led to the other partner being willing to sell and also move on.
Why is this a good business?
Technology Driven
CFC income ( Customer Foreign Currency ) - USD, Pounds, Dirham, ZAR
10 Sub Resellers signed up under this business entity, grow the footprint
54 excellent clients
Huge Global Expansion Opportunities to OPAC and UAE regions
Exclusive Distributor in Africa
