SOLD! 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.