Featured Brokers
CONFIDENTIAL SALE
FOR SALE
11/01/24
604878
155109 / Rightbiz
Operating internationally, the company manufactures and distributes smartphone interfaces to upgrade vehicle infotainment systems, as well as blind spot/lane change assist systems and cameras to improve driving safety, serving both retail and trade customers.
The company has extensive in-house engineering capabilities and a reliable production team that is able to produce at cost price to ensure higher margins. In addition, the company has developed a vast international distribution network of over 220 resellers.
Our clients are open to all types of structured deals subject to terms.
The business is now being offered for sale to enable our clients to spend more time with family.
Offers invited.
Key Highlights
- Versatile offering providing both hardware and software for navigation, smartphone integration and camera interfaces.
- Has a reliable customer base that includes a number of blue-chip and prestigious car manufacturers and dealerships.
- Offers bespoke solutions, enabling exclusive, repeat customer relationships.
- Experienced staff member in place trained in presales product compatibility knowledge and much of the technical aftersales support.
- Operates from leasehold premises, the freehold of which can be included in the sale by way of separate negotiation.
- Based on enquiries received, the company would benefit from opening branches and demonstration locations across Europe and the US.
Financial Highlights
- Turnover of £1.7m in YE23 with an adjusted EBITDA of circa £840k.
- Forecast of £1.8m in YE24 with an adjusted EBITDA of £930k.
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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