Business For Sale BS146596, Magnetic Island, Queensland 4819
Business Category Computer IT Security
Remote It Support, Cctv And Atms - Magnetic Island, Queensland
Business ID: BS146596
Remote IT Support (RMM), POS, CCTV & ATMS on Tropical Island, North Queensland
The business has been operating on Magnetic Island, a short ferry/barge ride from Townsville in Queensland’s tropical North for over 20 years. It provides a range of IT services to local businesses, facilitates almost all of the CCTV systems and owns and operates the majority of ATMs on the Island.
Whilst the business trades 5 days per week, the workload is flexible and most work can be performed remotely. The current owner works 20-30 hours per week, providing ample opportunity to indulge in the Island lifestyle. The business has intentionally been built around producing predictable and in some cases passive income.
-Turnover $40K per month with 60% margin
-Assets valued by owner at $173K included.
-ATMs profit forecast to grow to $85K
-Remote Maintenance contracts and all systems setup
-Profit to owner exceeds $200K/annum
-Operates from home office established in garage
-Renovated duplex property to be sold with business
-Further income from Airbnb, currently under-utilised
The buyer is expected to purchase the renovated duplex, along with the business, as accommodation and tenancies on Island are limited. The property is located a short 2 minute walk from the beach. It is a strict requirement the buyer will pass a national criminal history check with police, as security licences are required to operate this business.
The asking price of the business is $899K including $173K of assets (as valued by owner), PLUS Stock at Value. The renovated duplex property is very reasonably priced at $600K, and is an essential acquisition.
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.