Remote It Support, Cctv And Atms - Magnetic Island, Queensland

Business For Sale BS146596, Magnetic Island, Queensland 4819

Business Category Computer IT Security

$899,000

Description

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.

Business Highlights

-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.


Contact Seller
Xcllusive Business Sales

Bsale ID: 544034
Broker REF: 6495835

Xcllusive Business Sales Pty Ltd
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