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OzVoIP ON THE BLOCK |
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Written by Adam Gosling
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Tuesday, 01 November 2005 |
Founder Kevin Mayer has decided to offer NSW-based OzVoIP and the OZVoIP.com website up for sale and is looking for interested buyers.
OzVoIP offers a range of VoIP hardware and provider contracts targeting mainly consumer VoIP and small business installations. The company, started nearly two years ago is growing at better than 100 per cent per annum with profit increasing at 10 per cent a month, says Mayer.
OzVoIP started when a hobby got out of hand and Mayer was forced to abandon his PhD studies to handle the growth. Originally trained as a systems engineer he was working towards a PhD involving the use of mobile phone technology for data acquisition in large scale agricultural and farming solutions when he started the business.
“I never thought it would survive as a business,” he said. “But there are other things I want to do with my life, so I have been talking to a couple of resellers about the prospect of selling the business.”
Mayer says there are enough existing customers to sustain the business already and the commissions add a sweetener that can only grow with the business. There are a good stream of word of mouth customers coming from the installed base and the company’s website, he said.
“The biggest thing of value in the business is that it attracts customers that are looking for advice and configuration as well as product. So there is a service element which is allowing me to get beyond the standard 7-8 per cent margins on the hardware sales.”
In addition there is a stream of ongoing commissions the company gets from existing customer contracts he has referred to service providers. Mayer says OzVoIP has negotiated very good commission structures with some providers.
Mayer says he has already had preliminary discussions with companies interested in acquiring the hardware and services reseller.
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