Business Sold West Perth, Western Australia 6005
Business Category Advertising Mkting Educational Professional Services
SOLD
Description
Simple Digital Solution Business With Ongoing Annuities
ENTER THE DIGITAL AGE
This diverse business generates revenue from three distinct profit centers, thereby avoiding dependence on any single aspect of its operations for its income.
Widespread growing repeat client base - The customer database of over 4,300 continues to expand, and no individual customer contributes a significant percentage to the company's annual sales.
Preferred supplier status and industry partnerships - The business benefits from its position as a preferred supplier for various major customers, as well as having robust industry partnerships.
Low risk - Having robust industry partnerships, in addition to being a preferred supplier for numerous major customers, is advantageous to the business.
Long established - For approximately 20 years, this successful business has been providing services to the WA and national markets.
Low staff - Operates with a small workforce comprising one full-time employee, two casual staff, and the owner.
No reliance on sales staff - Since the majority of sales are self-generated, the owner of this business does not have to bear the cost of running a sales team.
No experience necessary - Prior to purchasing the business, the owner had limited industry experience and therefore hired staff with the technical expertise necessary to help manage the operations.
Low hours per week by owner - The owner opts to work about 30 to 40 hours a week. His main duties are general administration and marketing. Monday to Friday from 8:30 am to 5:00 pm.
Quality equipment included in the purchase price – The business has state-of-the-art equipment to operate the business efficiently.
Limited exposure to debtors - The larger portion of accounts receivables are collected on a Direct Debit basis.
This business was established in 2003 by the current owner. Over time the strategy was to ensure that the business didn’t have to rely on any one aspect of its operations for all its revenue. Developing three different profit-generating centers has ensured that income is steady all year round.
The business has such an expansive product range, each division is also marketed individually.
As a result, clients that start with one brand, often move on to use all three of the services offered.
This also means that both the income stream and the client base are very diverse, and this flexibility is important for a range of reasons.
The business operates with low overheads, strong growth, and the capability to substantially increase sales across the different divisions within the business.
The key focus for the business, however, is on growing annuities.
Our client base has grown to over 4,300 clients with many blue-chip companies utilising our services such as Rio Tinto, BHP, Fortescue Metals, Monadelphous, Perth Airport, Impex, WAAPA, SAE Creative Media and Perth Singing Academy.
Our clients are in Australia wide and a new owner could easily take the business globally if they chose to.
This business is well-positioned to take advantage of the rapid change in digital marketing and communication including:
* Artificial Intelligence (AI)
* Voice Search
* Virtual & Augmented Reality
* Omnichannel Marketing
The business has built a diverse customer base in Australia over the years, with a wide range of businesses relying on our services.
This business provides diverse services to:
Corporate
Government
Contractors
Media
Entertainment
Training Organisations
Retail Clients
Marketing Agencies
Industrial Companies
Education
Performing Arts
Institutional Clients
Subscriptions through service agreements – provide the business with ongoing payment arrangements from our clients, where the client pays a recurring fee to access our services on a regular basis.
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A COMPREHENSIVE BUSINESS REPORT IS AVAILABLE UPON SIGNING OUR CONFIDENTIALITY AGREEMENT.
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This business is somewhat unique and has no similar competition in this region, category or price bracket.