Established IT Solutions business servicing a broadrnbase of businesses from small consultancies through to large multi-nationals. Offerings multiplernrevenue streams such as Managed Services, IT Projects, Cloud Hosting, VoIP andrnmuch more.
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rnThe 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.Employing 8 highly qualified Systems Engineers with an owner working part time in the business to oversee operations. The business revenue is spread broadly across several revenue streams with Service Agreements accounting for approx. 47% of income for FY2019. There are currently around 40 clients on some form of recurring billing arrangement with many on flexible agreements and the business has excellent client retention. The Business has demonstrated steady year-on-year growth and has an excellent track record of profitability. FY2019 results suggest revenue growth of 6% from FY2018 and YTD results for FY2020 are showing a strong start to the year and indicative of further growth in the region of 6-7%.Built on a strong foundation of premium service for reasonable rates with a focus on customer service. The staff are all highly experienced and bring with them a diverse range of skills, which allows them to offer a broad array of services with confidence. This is evident from the organic growth of the business which has been achieved through referrals, word of mouth and excellent client retention.This is a business that has been prepared carefully for sale with an owner who has planned ahead and ensured that the business is in a strong position to hand over to a new owner. 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. This is an opportunity for a business owner to step into an Operations Manager role, or even adopt a more hands-off approach if desired. 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.