Featured Brokers
CONFIDENTIAL SALE
FOR SALE
30/11/23
603327
155279 / Rightbiz
Project Otavite delivers a wide range of civil, geo-environmental and structural engineering solutions, providing its expertise to projects ranging from individual jobs on housing estates to large highway schemes.
Services can be offered as standalone or an end-to-end package, encompassing site appraisals and desk studies; drilling, laboratory testing and forensic failure investigations; in-depth reporting; analysis, inspections and appraisals of superstructure and substructure projects; drainage design and feasibility; and drawing preparation.
The company utilises various state-of-the-art technologies, such as the Professional Design Suite and AutoCAD.
Our clients are offering the business for sale to facilitate retirement plans. Offers invited.
Key Highlights
- Frequently re-appointed by numerous core clients, including local authorities and blue-chip construction firms.
- Wealth of in-house expertise in place, facilitated by low staff turnover rates.
- Second-tier management personnel who can take on greater responsibility within the business.
- Operates from premises based in North West England, which are owned by the shareholders and leased to the company; circa 25% of the property is currently unused, presenting scope to expand the team effectively.
- Ideally placed to procure local authority frameworks to generate recurring revenue.
- Primed to take advantage of developments within the consulting engineering, civil engineering and housebuilding sectors.
Financial Highlights
- YE24 turnover is forecast at £1.6m.
- Generated a YE23 turnover of £1.8m, with an adjusted EBITDA in excess of £700k.
- 80% of the business’s works are for the housebuilding sector.
- Circa 80% of revenue is derived from existing clients.
- The development of a diverse client network has enabled the business to operate without reliance on any particular client to generate income.
- Maintains a steady pipeline of £150k–£200k per month, with the majority of projects completed within a month of an initial enquiry.
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
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