Featured Brokers
CONFIDENTIAL SALE
FOR SALE
24/04/24
610311
155404 / Rightbiz
Overview
Offered for sale is a provider of numerous security disciplines, such as manned guarding, mobile security, keyholding and response as well as installation and maintenance of intruder and fire alarms, CCTV and access control.
Operating for over 15 years, the company has built up a comprehensive range of services to provide a one-stop-shop of security solutions for customers in its geographical area of operation.
Demonstrating its attention to detail and commitment to success, the business is accredited under various registered institutions, such as the SIA Approved Contractor Scheme and SafeContractor.
Having built up a highly reputable business, our clients are now offering the company for sale to facilitate their retirement plans. Offers invited.
Key Highlights
- Has developed a long-standing client base comprising individual domestic clients, SMEs, large corporations, and public bodies.
- Operates across a comprehensive range of sectors, such as industrial, commercial, educational, public, and residential.
Currently works with 842 clients, 98% of which provide reliable streams of ongoing revenue.
- Robust and dedicated team of engineers, administrators, and security officers in place, which is led by an extremely experienced, professional, and well-established management team.
Operates from leasehold office premises.
Financial Highlights
- YE23 turnover in excess of £2.1m with an adjusted EBITDA of £350k.
- The majority of contracts are on an evergreen basis however the organisation benefits from several significant long term agreements.
- The business has a healthy tender and new starts pipeline with circa £480K of annual revenue contracts being expected to start in 2024.
- Growth in the installation section of the business identifies several imminent project starts including alarm installations with individual values up to £22k.
- Our clients indicate that when tendering, the company has a 75% success rate.
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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