Featured Brokers
CONFIDENTIAL SALE
FOR SALE
18/09/23
599711
151993 / Rightbiz
Overview
The business is a multi-faceted commercial vehicle specialist that has been operating at the forefront of its regional market for 30 years.
The company’s main revenue stream is the sale of commercial electric vehicles.
The business also has a strong presence in the aviation industry, supplying commercial vehicles and specialist ground support equipment to prominent
blue-chip organisations.
In addition, the company services and maintains commercial vehicles on behalf of a varied range of customers such as emergency services, defense, motor sports and logistics.
Our clients are now offering the business for sale to facilitate their retirement plans.
Key Highlights
Diverse, reliable revenue streams, with 72% of revenue generated from commercial EV sales.
Additional services include parts and component supply, as well as commercial contract hire, serving and maintenance of specialist vehicles.
A large proportion of revenue is generated from servicing and fleet maintenance contracts.
Operates from leasehold premises with a multitude of service bays and extensive manufacturing facilities.
Significant scope to accelerate electric vehicle development and meet the demands of the market, whilst benefitting from key Government schemes.
Financial Highlights
Achieved turnover of £18m with adjusted EBITDA of £2.1m in YE23.
Strong balance sheet in excess of £5m.
Projected to achieve an £18.5m turnover in YE24, with adjusted EBITDA of £2.2m.
Growth supported by increased demand for commercial electrical vehicles, which is expected to accelerate over the coming years.
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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