Featured Brokers
CONFIDENTIAL SALE
FOR SALE
10/10/23
600894
154623 / Rightbiz
The company’s main services include national and international relocation alongside the provision of storage solutions, with bespoke options available for private domestic and commercial clientele.
Operating predominantly on a regional basis, the company currently serves an estimated 200 active clients, approximately half of whom provide reliable, repeat business.
The shareholders are offering the company for sale to facilitate their plans for retirement.
Key Highlights
- Ongoing storage and shredding contracts in place, valued at approximately £230,000 per annum.
- A flexible business with the ability to offer bespoke solutions to clients across a varied range of industries.
- A member of the British Association of Removers.
- Operates from leasehold premises providing a large storage area, located close to key transport links.
- Key shareholder willing to provide a mutually agreeable handover period.
- Large scope for expansion, particularly via the implementation of additional marketing strategies.
Financial Highlights
- YE22 turnover of £525k with an adjusted EBITDA of circa £200,000.
- Nine-month management turnover in excess of £580k for YE23.
- Average gross profit margin of 59% achieved from YE19 to YE22.
- Adjusted EBITDA increased by 159% from YE19 to YE22.
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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