SOLD! Managed IT Services Business For Sale – VIC

This is an established IT services and solution provider offering mainly managed IT services. It also resells cloud based solutions including Microsoft Office365, AWS and Azure. The business has evolved over time, and currently offers Managed IT Services for its mainly small to medium size business client base. It uses ConnectWise as the platform for its managed services offering.

• Sales revenue of approx. $1 million for FY 2019, and approx. $850,000 for 8 months of FY2020.
• Top 20 customers generated over 80% of revenue
• Majority of its clients are small to medium businesses across a broad range of industries including professional services/consultants, legal, engineering, finance and education.
• Operation Manager with experienced to handle technical issues and responsible for managing the day to day operation 
• Business has a team Engineers/Technicians with skills to resolve a wide range of IT support issues, including VOIP and cloud services
• The Engineers/Technician are split between the Melbourne office and an offshore site
• The business currently has minimum marketing of its services, and there is no sales person or BDM employed
• The modern office of approx. 130 sqm is close to Melbourne CBD and have the space for a larger team. There is 2 car parks.

Transition of existing client base will be part of the hand over process.

The current owner’s initial involvement in this business was as an “investor”, and recently had to take over this business due to the retirement of his business partner. 

While there is an experience Operation Manager responsible for the day to day operation of the IT business, the current owner feels that he is stretched in terms of available time that he can dedicate to the IT business due to his other business commitment. He has decided to offer this Managed IT Services business for sale via Expression of Interest process.

If this business is “bolted-on” to an existing IT business, the potential synergy can be gained from:

• Operation efficiencies by absorbing the existing clients
• Offering new services to existing clients 
• Improve marketing and sales capability to existing client base
• Opportunities for cross-selling and up-selling to both client bases

Expression of Interest seeking offers above $450,000