CONFIDENTIAL SALE
FOR SALE
10/07/23
516392
JC032 / Rightbiz
Ref No: JC032
Location: South Wales
Asking price: £350,000 net assets
Business highlights include:
TURNOVER: c£1,100,000 (2022 accounts)
GROSS PROFIT: c£403,000
EBITDA: c£175,000 Before Director’s drawings
NET ASSETS c£130,000
Order Book & WIP c£400,000
Key Considerations
· Highly reputable company based in South Wales
· Long term relationships with well known house builders
· ISO 9001: 2015 accredited
· Widely known for prompt and caring customer service
· Skilled, experienced and well-trained staff
· Quality and immediacy of communications
· High levels of customer satisfaction and loyalty
· Multiple accreditations including HERS-HEA, NICEIC, Construction line & SMAS
· Excellent springboard for future growth including geographic expansion
Business Profile:
The opportunity exists to acquire by way of a share purchase all of the issued capital in this supplier and installer of street lighting & road signage company (“the Business”)
In the South Wales region and the West parts of England, the Business has become one of the most successful and respected supply & installation of road signs and street lighting companies for its customers and clients, many of which have been customers since the earliest days of trading. It operates in the commercial and industrial sectors including Housing Associations, House Builders and Construction Companies.
The Business is a trusted and much relied upon company and is considered a leader in the region. It has built its name on superior customer service, highly skilled staff, top quality project delivery, and unwavering reliability, and all with little marketing or direct sales.
The Business is well established, prudently managed and with an enviable client & customer list. It is approved member of HERS-HEA, NICEIC, Construction line & SMAS. It is extremely well placed to benefit from new owners who wish to build on this credibility and expand the Business’ activities both geographically and in the scale of services.
The Business has shown itself to be robust during some trying economic times and is well placed to take advantage of its reputation for products & service combined with increasing levels of demand.
It is felt that the demand for new projects is challenging the resources of the Business and the sale of the Business to new owners with the capacity & managerial capability to cope with the demands of growth would yield much benefit.
All relationships have significant scope to increase works. The business has the ability to easily maintain its £1m plus turnover but with new owners it is believed that within a few years this could reach more than £2m with commensurate margins.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas, investment and energy levels will have every advantage of building on an excellent platform to take this business to its next level.
The business maintains many satisfied customers, who appreciate the company's superior products and skill sets, attention to detail, value for money and service.
There are many excellent avenues for growth, especially within the current operations and include greater capacity by investment in plant and extending new business further along the M4 corridor with perhaps new premises.
Employees:
The Business employs:
1x Full Time Electrician
3x Labourers
1x Administrator & Accounts
Premises:
The Business operates from modern premises with office facilities located near the M4 Motorway and offers easy access to all the main motorways and roadways throughout the area.
Reason for Sale:
The current owner feels that the demand for new work placed upon the Business highlights the requirement for a new owner with the resources to take full advantage of the opportunity.
The current owner would be available in a consultative capacity post completion, if desired.
Financial Information:
TURNOVER: c£1,100,000 (2022 accounts)
GROSS PROFIT: c£403,000
EBITDA: c£175,000 Before Director’s drawings
NET ASSETS c£130,000
Order Book & WIP c£400,000
The asking price is predicated on there being no cash and no debt at completion.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
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 SolicitorThe data showed regarding this advert 'Supplier & Installer of Street Lighting & Road Signage - JC032 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.