Featured Brokers
CONFIDENTIAL SALE
FOR SALE
26/09/23
600241
154693 / Rightbiz
The company offers global IT transition and transformation, information and cyber security, quality assurance and testing, risk management, architecture and design, data intelligence, compliance, certification and audit, desktop engineering, IT service management, and global sourcing consultancy and delivery services.
Benefitting from an extensive network of partnerships / joint ventures, the company is able to provide a diverse range of additional products and services. These relationships could be enhanced to provide further support.
This could be an exciting opportunity for a similar operator to build on the existing combination of services and partnerships.
The company is being offered for sale to facilitate a change in the Managing Director’s personal circumstances.
Offers invited.
Key Highlights
- Caters to an international blue-chip client base, benefitting from repeat business and long-standing relationships, with operations ongoing in Europe, Asia and the Americas.
- Scope to develop relationships with new and existing clients, with negotiations ongoing regarding several lucrative opportunities.
- Additional growth could be achieved through upselling new and additional acquirer’s products and services to existing clients, recruitment or the implementation of new sales and marketing strategies.
- Experienced team of consultants in place to manage operations post-sale, with additional support provided through a network of consulting partners.
- Shareholder also willing to consider remaining with the company for 12 months post-sale.
- A fully remote opportunity operating worldwide.
Financial Highlights
- Turnover of £2.6m, with an adjusted EBITDA of £400k.
- Turnover expected to increase to £3.1m in YE24, reaching £5m by YE26.
- Year-on-year growth, with turnover increasing by 75% since 2021.
- Gross profit margin currently 21%, but expected to increase to 37% by YE26.
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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