Mystery surrounds sale of data and marketing business
Intrigue surrounds a “client data and marketing business that is currently operating at less than optimal capacity”, advertised for sale in the national press.
Parramatta based business advisors Condon Associates Group, advertised in yesterday’s Australian Financial Review that a mysterious ‘sales driven marketing company’ boasting 41 full and part time staff on an annual turnover of A$2.3m was on the market.
The advert said the company helps “B2B companies create authentic relationships with key decision makers across their entire ‘Must Win’ account base.”
Condon’s advert went onto to say the customer base is “an eclectic mix of public, private and Australian operations of international companies” and that the existing management hopes to stay in place to assist the buyer.
When contacted by Mumbrella, Condon Associates’ Gerard Walz wouldn’t divulge the name of the company for sale or their location, only saying that his firm was preparing an information pack on the business for interested parties. Further details are expected to be available after expressions of interest close on July 20.
That smells of bullshit. 41 staff means billing of $56k per staff member. That’s not going to make anyone any money.
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