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Computer/IT Professional Business

Silverwater 

Sold on 1 May 2017
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    Computer/IT Professional Business in Silverwater

    Technology Rentals and IT services - $500k pa EBIT Business under part Management

      Summary
      Established 20 years ago, the business offers a wide array of IT products, managed services and virtual solutions for both small and medium enterprises as well as government departments.

      Revenue:
      $1,500,000 pa

      Rent:
      $45,000 pa

      Expenses:
      $350,000 pa

      Net Profit:
      $500,000 pa

      Location Details
      Located in an industrial tech hub of Sydney showing rapid growth, the premises can be easily relocated if need be.

      Potential
      This business has grown consistently and is a perfect example of good frameworks and systems being put in place. The current situation shows the business ready to expand and fill out into other areas.

      -
      Managed Services is a relatively new offering for the business but a key focus as this provides regular income and is an expanding sector. This business has the personnel and capabilities to continue to bid for these contracts and increase this area to push the business forward.

      Skills
      Skills required are minimal, the current owner is more than happy and has agreed to stay on post purchase in order to train the new owner on all necessary operations and activities.

      The existing employees are more than qualified and capable of running the day to day aspects of the business.

      Hours
      Business currently operates on a Monday to Friday basis with the owner working a 15 hour week in a supervisory role.

      Lease
      Current lease is 2 years with offer of renewal for new buyer.
      Lease can be easily terminated and business relocated.

      Employees
      2 FT members of staff in warehouse/office + owner
      4 FT members of staff in India

      Reason for Sale
      Owner has other business ventures consuming time and unable to focus on this business.

      History
      Founded in 1987, this business has since seen necessary and successful expansion into other sectors which has since yielded rapid revenue growth.

      The purchase of a secondary off shore office in 2014 further supports and solidifies the businesses expansion into other sectors.

      About the Business
      All tech rentals, mainly short term hire and rentals. Very established brand, supplies govt and businesses only not consumers. Massive opportunity to continue the growth with thousands of clients over the past 20 years and preferred govt supply agreements in place. A who's who database is waiting for the buyer, needs someone with access to finance to purchase more equipment. The current owner is limited and can't supply many of the orders due to limited access to capital. All equipment is purchased by the owner therefore turnover could be substantially increased.

      Important facts about the business:

      • $350,000 of operating stock on hand
      • Incredibly strong online presence and database
      • current owner has expanded the staffing of the business and its ability to offer after-hours IT support
      • Weekly rent is cheap and premises ideal for business purposes
      • High calibre clientele with reflective glowing reputation

      Disclaimer: Due to the confidential nature of the sale, images used are 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, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

      Categories:

      Computer/IT, Internet, Wool Classing