Featured Brokers
CONFIDENTIAL SALE
FOR SALE
31/01/24
606045
154694 / Rightbiz
The company offers linen and towel hire and laundry services for a wide range of sectors.
Priding itself on its exceptional services, the company carries out 75% of its work on a fixed-fee contracted basis, with the factory only required to be in operation for 30 hours per week, keeping overhead costs low and providing scope for growth.
The business is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- 135 active customers, with 75% of income being derived from secure contracts.
- Serves a varied customer base, including those in the banking, restaurant, hospitality, leisure, wedding, events, and facilities management sectors.
- Achieves a high customer retention rate, with the longest customer relationship spanning eight years.
- Strong second-tier management team in place that can undertake many daily operations with minimal oversight.
- Operates from leasehold premises.
- Offering cleaning products, toiletries, and accessories for hotels and guest houses could considerably expand sales and attract new customers.
- Developing the website to include the use of SEO and PPC, as well as introducing online ordering capabilities, could enable the company to reach more customers.
Financial Highlights
- Turnover in excess of £1.5m in YE23, with an EBITDA of £675k.
- 106% increase in EBITDA between 2018 and 2023.
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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