Featured Brokers
CONFIDENTIAL SALE
FOR SALE
15/04/24
609784
155462 / Rightbiz
Operating internationally, primarily on a B2B basis, the company offers a wide range of precision tools, lighting and magnification equipment, as well as ultrasonic cleaning tanks across various sectors, including hobby and craft, engineering, electronics and other specialist industries.
Priding itself on its strong reputation that has been built up over a century in operation, the company has developed a large prestigious and blue-chip customer base that consistently provides repeat orders.
The business is now being offered for sale to facilitate the chairman’s exit strategy and growth under the impetus of new ownership.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
- Supplies products under its own brands, as well as offering a private label service.
- Works with trusted manufacturers and provides well packaged and presented products.
- Serves a wide-ranging and diverse international customer base that includes engineering, electrical and hobby distributors, retailers and exporters.
- Strong staff team in place that provide expertise in their individual areas.
- Operates from leasehold premises and utilises a third-party logistics company for warehousing.
- Is adding new product listings to current customer ranges.
- Upselling additional product ranges to existing customers and working to develop international business within current customer groups will provide ongoing growth for the company.
Financial Highlights
- Turnover of £3.4m achieved in YE23 with an adjusted EBITDA of circa £500k.
- Projected turnover of £3.6m for YE24 with an adjusted EBITDA of circa £480k.
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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