Featured Brokers
CONFIDENTIAL SALE
FOR SALE
12/02/24
606604
155492 / Rightbiz
Project Hawthorn supplies a wide range of surface finishing machinery and associated consumables. In addition, the company provides subcontract finishing work.
New, used and economy equipment is offered, ensuring customers’ budgetary requirements can be met.
The specialist machinery is supplied to a very diverse range of sectors and can be used to finish a vast array of materials, products, parts and components.
Our clients are now offering the company for sale to facilitate the majority shareholders’ retirement plans.
Key Highlights
- A specialist provider operating in a niche sector with strong barriers to entry.
- Operates primarily within the UK, with some products supplied to Ireland, presenting vast potential for geographic expansion.
- Works with over 580 customers across industries such as machinery, mechanical, medical manufacturing, automotive, electronics and industrial.
- Given the diverse nature of the products supplied, the company is not reliant on any one sector.
- Two employees have been appointed to fill the Directors’ roles, facilitating the shareholders’ exit.
- Operates from two freehold and two leasehold premises, with the centralised location streamlining access to customer sites across the UK.
- Includes a recurring revenue stream through the supply of consumables, which accounts for 25% of the annual turnover.
- Additional 25% repeat business through regular subcontract services.
Financial Highlights
- Generated a YE23 turnover of £2.1m, with an adjusted EBITDA of c.£840k.
- YE24 projected turnover of £2m and adjusted EBITDA of £861k.
- Approximately 80% of customers provide repeat business, owing to ongoing machinery consumables and subcontract requirements.
- Very low customer concentration, with the top customer contributing less than 4%.
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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