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Professional business for sale in Nelly Bay

  • Professional
  • Bs146596 Nelly Bay QLD 4819
  • $899,000 (GST na)

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.

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Business Highlights

Business ID2017089948
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Last updated  23 Jun 2021
Map for Bs146596 Nelly Bay QLD 4819
Map for Bs146596 Nelly Bay QLD 4819Bs146596 Nelly Bay QLD 4819
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Business Highlights

Business ID2017089948
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  23 Jun 2021
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G14, 1-15 Barr Street Balmain NSW 2041
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