Featured Brokers
CONFIDENTIAL SALE
FOR SALE
06/11/23
602244
155162 / Rightbiz
The company supplies a comprehensive range of bathroom fixtures, fittings, furnishings and accessories, along with boilers, radiators, kitchen appliances and general plumbing tools / components.
Catering to retail, wholesale and trade customers, the company has adopted an omni-channel approach to sales, combining a busy trade counter with a wholesale offering, four e-commerce websites and Amazon / eBay platforms.
As part of its comprehensive product range, the company sells its own range of products under two trademarked brands, enabling it to generate generous profit margins for its industry.
The business is being offered for sale due to a change in the shareholders’ personal circumstances.
Offers invited.
Key Highlights
Circa 45.5% of sales are generated from the company’s e-commerce websites, which receive a combined 65,000 visitors per month, with a conversion rate of 1.09%.
Branch and wholesale sales account for 28.5% and 21.2% respectively, with over 250 active trade accounts providing regular, repeat business and some relationships spanning more than 10 years.
Experienced second-tier management team in place with the ability to run the business on a day-to-day basis.
Operates from ideally located leasehold premises, one of which is owned by the shareholders’ SIPP and may be included in the sale on a freehold or rental basis.
Financial Highlights
Turnover of £8.4m, with an adjusted EBITDA of £622k.
Forecast to achieve a turnover of £8.1m in YE23, with an adjusted EBITDA of £800k.
Scope to incorporate property assets valued at £1.2m into the sale
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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