Featured Brokers
CONFIDENTIAL SALE
FOR SALE
20/04/23
511947
153188 / Rightbiz
Utilising a highly experienced team, the company provides drain unblocking and cleaning; non-excavational drain and plumbing repairs; CCTV drain surveys; and drainage installation for domestic and commercial clients across North West England.
Services are provided on a planned proactive or reactive basis, with the company operating a dedicated phone line that can be reached 24/7 year-round, enabling it to provide emergency repairs within one hour.
The shareholders are offering the company for sale as they wish to realise the assured wealth derived from the value of the existing business whilst facilitating further growth.
Offers invited.
Key Highlights
- Part of a leading drainage and plumbing repair franchise, benefiting from support from a centralised head office.
- Receives a high volume of repeat custom from commercial clients, including some blue-chip organisations, supplemented by ad hoc repairs for private individuals.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- Further growth could be achieved through the development of its service offering, expansion across new markets and increased marketing activity.
- Operates in a strong market, with the plumbing industry set to remain secure in times of economic uncertainty.
Financial Highlights
YE24 eight month management turnover of £2.3m.
Turnover of £2.8m in YE23, with an adjusted EBITDA of £351k.
Gross profit margin of 56%.
Turnover rising year-on-year, increasing by 35% between YE21 and YE23
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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