Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/02/24
606383
152189 / Rightbiz
The company offers a broad range of estate planning services, providing personalised support to over 120,000 people since its foundation, and earning an excellent reputation as a provider of dependable, personalised advice and assistance.
Operating nationally, the company has developed a highly skilled and dependable team of paralegals based across the UK and maintains a strong track record of successful client acquisition, having implemented a cohesive multi-channel marketing strategy that plays a key role in its continued expansion and produces a diverse revenue stream.
Our clients are now offering the company for sale to support their pursuit of alternative, unrelated ventures, whilst supporting its continued growth.
Key Highlights
- Core services offered by the company include will writing, power of attorney and estate administration, with the wide-ranging expertise held by its team enabling it to provide a high standard of support for a variety of clients.
- The company has achieved significant growth through assertive strategic planning in marketing and diversification, with continual investment in proven activities driving its ongoing expansion.
- Works with clients based across England and Wales, predominantly providing its services to home-owning individuals aged 50 years and over.
- Maintains a significant database of active clients and qualified leads, comprising over 215,000 individuals, providing a wealth of upselling opportunities.
- Long-standing and driven management team in place, possessing the skills and expertise required to manage and grow the business on an independent basis.
- Operates from ideally positioned premises in the West Midlands, with staff based nationwide to support clients located across the UK.
Financial Highlights
- Achieved turnover in excess of £4.7 million in YE23, with an adjusted EBITDA of £410k.
- Turnover is projected to increase to £5.4 million in YE24, with adjusted EBITDA also anticipated to rise to £485k.
- Benefits from a significant client base, which continues to grow on a daily basis, meaning that the business has no reliance on any key accounts.
- Turnover has continued to rise year-on-year throughout the company’s time in operation, increasing by 48% since YE19.
- The company holds circa 18,500 agreements for guaranteed price estate administration, which, with an average fee of £2,000, exposes it to future projected gross income of £37 million.
- Following recent investment in additional staff, the company intends to pursue a higher volume of upselling opportunities. It is anticipated that, based on a 25% success rate, such activities could generate revenue of £23.8 million.
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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