THIS BUSINESS IS NOW UNDER OFFER

Retirement sale of established, highly profitable,tech logistics security business. Employee run

Undisclosed

Status

UNDER OFFER

Date Submitted:

10/01/21

Advert ID

270643

Reference

Security4 / Rightbiz
Annual Turnover: £2,500,000
Annual Net Profit: £520,000

Available: An established company, posting steady growth in revenue, with EBITDA of £440K in 2019 and over £500K in 2020 (estimated £600K in 2021).

Over 50% of the revenue is recurring and it is growing Y-o-Y.

What does the company do? It's a market leader in its sector and well known enough that any disclosure of what it does would allow immediate identification of the company.

However, I am authorised to disclose this: it operates in the broad area of vehicle security and has extensive intellectual property developed in-house. It sells specialist hardware software products to which the company owns the IP. Customers are both business and domestic.

Reason for sale: Retirement

Some key points:

• Largely employee run, not reliant on owners;
• Motivated workforce;
• Well run & well managed;
• Good record keeping, clean accounts;
• Excellent & valuable industry relationships;
• Strong brand recognition;
• No customer concentration risks.

Why should you buy this business?

• Generating regular & significant profit;
• Strong growth trajectory;
• Over 50% of revenue is recurring revenue;
• Recession proof, highly liquid, good cash flow;
• Rare / low bad debts due to nature of business;
• No pending litigation or HMRC disputes;
• Clean ownership structure; smooth transfer guaranteed

Considerable investment has already been made in new products and 2021 is anticipated to be the best year to date.

Location

Midlands (or thereabouts)
 

Price

Expressions of interest are invited. Given the size and nature of the business it is expected that it will attract the interest of buyers who are sophisticated enough to come to their own value decision and are not reliant on being given an "asking price". However, it does need to be said that the owners of this business have reasonable price expectations. They have researched multiples that similar businesses have achieved at market (completion prices, not asking prices).

Finance

Some element of seller financing is available. However, interested parties need to be aware that any deal proposed / accepted would consist of the buyer having "skin in the game" (their OWN funds, not borrowed) equal to no less than 50% of the headline price offered. I appreciate this will not suit buyers who are looking to find a deal first and raise funds later.

Buyers who pass my initial vetting will be provided a copy of the 30 page Information Memoradum covering all the main financials and other data. The following documents are also available on further satisfaction of buyer intent:

• Full accounts for the last five years (including P&L)
• EPC
• Management accounts
• Copy of the lease
• CT600s & VAT returns
• Information on customer retention and other stats
• Various other documents and data

To apply for the NDA, please fill in the form below stating your full name and the company/entity (if any) on behalf of whom you are applying. Please also copy and paste this text: "I am genuinely interested in acquiring this company and I have liquid capital"

Key Features
  • Unique Business
  • Offers Invited
  • High Turnover
  • Retirement Sale
  • Company for Sale
  • Large Business for Sale
  • Owner Financed
  • Accounts Available
  • Established Business
Contact Agent
Agent Name:
Advert Reference:
Security4 / Rightbiz
Listing Statistics
Impressions
i
The impression statistic is how many people have seen this advert on the search page.
:
Views
i
The view statistic is how many people have viewed this advert.
:
Enquiries
i
The total enquiries statistic displays how many people in total have made an enquiry to the advert.
:
Interested
i
The percentage rate displays the percentage of people that are interested in this business for sale.
:
Watching
i
This figure shows a number of people that have shown interest in this business for sale.
:
Last Viewed
i
The last viewed statistic displays when the last user has viewed this advert.
:
Last Updated
i
The last updated statistic displays when the last time the seller has updated its details.
:
Last Enquiry Received:
THIS BUSINESS IS NOW UNDER OFFER
Contact the seller for more details, or book a viewing
Disclaimer
The data showed regarding this advert 'Retirement sale of established, highly profitable,tech logistics security business. Employee run - Security4 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller