Computer & IT business for sale in Sydney
- Computer & IT
- Sydney NSW 2000
Established IT Business - Tech Support and Web/Software Design
A Fantastic opportunity to acquire a well-established, profitable and reputable IT products and services business, based in South Regional NSW.
Located in a commercial area in South Regional NSW. The business has its own parking and enjoys excellent street visibility.
The business has developed considerable intellectual property over the last few years in the custom software, web and App areas. There is an opportunity here to utilise this to expand reach in this key area allowing for quicker website builds and smarter apps for clients, enhancing profitability further.
In terms of business growth, there is ample scope to pursue additional Managed Services work both with existing clients and new clients.
This is a business that would suit a purchaser with IT experience in the area of the business. Additionally, there is potential for an investor to own and run the business remotely, relying on the strong, experienced team of staff that are already in place. It will still be essential to understand the key clients and receive a full handover from the current owner.
5 year lease, expiry 2020.
1 x 5-year option remaining.
6x Full-time IT professionals
2x Part-time Admins
The business has been operating for 13 years and has grown into the well established business it is today.
About the Business
The business revenue is spread broadly across several revenue streams with Web Income accounting for around 42% of the total for FY2018. Ad Hoc Support makes up 23% of FY2018 income and Managed Income (Managed Services) accounts for 14% of revenue in this year. The remaining 21% of income is across hardware and software sales and other services, such as Web/App development and hosting. There are currently 15 business clients under contract for full Managed IT Technology Support, with contracts being 12 months in length.
The business has demonstrated strong year-on-year growth and has an excellent track record for profitability. The business is on-track to receive over $1 million in revenue for FY2019, with expected profits to the owner (in lieu of wages) in the region of 30%. The business has been built on a strong foundation of integrity with a focus on customer service, with staff that have a passion for the local area and strong ties to the community. The business's transparency and integrity are valued, which is evident from the many client referrals they receive, as well as their long-standing relationship with customers, many of whom have been with the business since inception.
Key facts about this business:
• Revenue from multiple streams with a portion of regular, recurring income from full IT Managed Services Contracts
• Clients serviced across Australia and overseas
• Broad client base with Top 5 clients making up 36% of revenue in FY2018
• Strong year-on-year revenue growth
• Profitable business with return to the owner of 30%+ of revenue
• Loyal, Professional staff with excellent retention rates
• Strong reputation for integrity and customer service
• The business has not had to actively seek new business, instead with many new clients coming via word-of-mouth
• Good processes and procedures in place allowing the team of staff to ably run operations in the owner's absence
For more information on this opportunity, please contact the undersigned:
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0420 550 433 T: 1800 858 696 E: firstname.lastname@example.org
For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 20424223 to search for the business.
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
|Floor Area||Ask Business Broker|
|Parking||Ask Business Broker|
|Annual return||Ask Business Broker|
|Last updated||25 Jun 2019|