Featured Brokers
CONFIDENTIAL SALE
FOR SALE
30/11/23
603330
153114 / Rightbiz
Operating nationally, the company develops and provides software as a service (SaaS) for onsite workforces to replace paper-based data capture processes with bespoke applications and cloud-based storage.
Utilising an approach that does not require clients to code, businesses can build their own unique platform using existing widgets, or the company can provide an end-to-end service and create the platform for the business. The software can be used as a standalone product or easily integrated into existing applications.
The business is now being offered for sale to facilitate growth under the impetus of new ownership.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
- Offers a straightforward monthly or annual subscription and obtains a high level of repeat revenue.
- Wide-ranging and diverse client base, primarily across the utilities, construction, landscaping, and debt collection industries.
- Has developed long-standing client relationships, many of which span more than a decade.
- Strong second-tier management team in place that can undertake many daily operations with minimal oversight.
- Operates from leasehold premises based in North West England.
- Extending existing software features to include richer tools to build back-office processes could facilitate ongoing development.
Financial Highlights
- Turnover of £927k in YE23 with an adjusted EBITDA of £108k.
- Large pipeline of work in place for YE24 that will provide ongoing, repeat revenue.
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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