Featured Brokers
CONFIDENTIAL SALE
FOR SALE
22/11/23
602975
154453 / Rightbiz
Based in South West England, the company provides parts for all types of machinery across the agricultural, construction, leisure, and motor industries, specialising in vintage tractor parts. The company also offers a wide range of tools and oils from several leading brands, with which the business has developed long-standing relationships.
Priding itself on its wealth of industry expertise, the company is able to source genuine and non-genuine parts and has developed a reputation for being able to fulfil requests for parts that competitors cannot.
The business is now being offered for sale to facilitate retirement plans.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
- Provides a one-stop shop for all of its customers’ machinery parts and tools requirements and holds a significant proportion of the local market.
- Large, loyal customer base in place with some customer relationships spanning two decades or more.
- Operates from two separate leasehold premises.
- Investing in the expansion of the company’s current range of tools would facilitate ongoing growth, as sales of these have recently increased.
- Relocating to larger premises would enable the company to offer other agricultural supplies, such as gates, water troughs, or electric fencing, to its current customer base.
Financial Highlights
- Turnover of £1m in YE23 with an adjusted EBITDA of £103k.
- Holds circa £300k worth of stock.
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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