Featured Brokers
CONFIDENTIAL SALE
FOR SALE
31/01/24
606034
155073 / Rightbiz
Project Edenite provides liquid waste tankering services to clients within the film, television and advertising sectors, operating as a licensed waste carrier.
The company also offers facilities vehicle hire solutions for production crews requiring honey wagons, dining trailers, make-up/wardrobe trucks, schoolroom trailers and utility trailers. All facilities vehicles comply with the Ultra Low Emission Zone (ULEZ) regulations.
The business has established loyal relationships with notable studios throughout South East England; approximately 95% of clients retain the company’s services for multiple projects.
Our clients are now offering the business for sale to facilitate a planned exit strategy. They are flexible with regards to the structure of the sale. Offers invited.
Key Highlights
- Broad range of vehicles ensures that various dimensions are available to suit evolving client specifications.
- Two versatile Managers have enabled the Director to begin taking a step back from active involvement in the business, effectively absorbing upper-level management responsibilities.
- Operates from leasehold yard premises which are ideally located close to major roads in South East England.
- Office and storage facilities can be acquired from our clients under separate negotiations.
Financial Highlights
- Generated a YE23 turnover of £1.88m, with an adjusted EBITDA of £1.1m.
- Adjusted EBITDA margin of 59% achieved in YE23.
- YE25 is projected to at least match the company’s YE22 performance, owing to a surge in activity within the film and television industry following strike action in 2023.
- Average gross profit margin of 71% between YE21 and YE23.
- From YE21 to YE23, the shareholder funds increased by 80%.
- Holds a vast asset register with a value of £1.3m, all of which will be included in 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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