Reason inactive this Listing is not provided by Allbizsales Winner of the Best Business Sales Marketplace for Business Sales and Business Brokers Team

Login Now...

Technology managed services

Technology And IT Businesses , Partnerships, Sales below $1m, Business Services

Sydney, 231 Views

Asking Price $699,000 for 100 %

0 % Complete (success)
0%
Make an Offer
Share

SALE OR INVESTMENT DETAILS

  • Yes Finance Available (subject to approval)

Reference ID: 214578

Highlights

  • Technology managed services
  • Consistent revenue year-on-year with steady growth
  • Clients serviced both locally and remotely
  • Excellent processes and procedures in place for an easy handover

Executive Summary

The business has been operating in Sydney since 2008. Located close to the Sydney CBD, the business offers IT services and products to a range of business clients with a focus on Managed IT Services and Cloud solutions.

Location Details

Located in Surry Hills in a beautifully refurbished, stylish commercial building, among media and digital creative agencies

Potential

The business has developed an excellent reputation with its client base. A new owner should consider leveraging this and implementing a marketing strategy with paid advertising and networking to bring in new clients and kick start further growth. There is additionally potential to own and run the business remotely, relying on the strong, experienced team of staff that are already in place, but it will still be essential to understand the key clients and receive a full handover from the current owner.

Skills


The business is in the midst of continued growth and has been consolidated and streamlined over the last few years to ensure a smooth, cohesive operation with excellent processes and procedures in place. Would suit a purchaser with IT experience who can lead the team and push the business forward, but without needing to get involved in the day to day project work. 

About the Business

An established IT Solutions business servicing a broad base of businesses from small consultancies through to large multi-nationals. The business offers a range of IT services, specializing in a range of offerings across multiple revenue streams such as Managed Services, IT Projects, Cloud Hosting, VoIP and much more.


Key facts about this business:

- Revenue from multiple streams with a portion of regular, recurring income from IT Managed Services Agreements

- Clients serviced both locally and remotely with clients in the surrounding area but also spread across Australia

- Broad client base with Top 5 clients making up only 35% of revenue in FY2019

- Consistent revenue year-on-year with steady growth

- Profitable business with return to the owner of 18-25% of revenue over last 3 years

- Experienced, professional staff

- Strong reputation for expertise 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 independently of the owner

- Part of the office space is currently sub-let which shares the rental costs – this can be a continuing arrangement or can be discontinued


For more information on this opportunity, please contact the undersigned:


Paul Smith
Business Sales Specialist
Allsales Business Consulting & Business Sales
M: 0420 550 433 T: 1800 858 696 E: paul.smith@allsales.biz


Or 


Michael Short
Business Sales Specialist
Allsales Business Consulting & Business Sales
M: 0421 744 572 T: 1800 858 696 E: michael.short@allbizsales.com.au

Disclaimer: 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, director’s benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.

Please login to continue

Please login to continue

Please login to continue