Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/04/21
275240
CC186 / Rightbiz
Asking Price: OIRO £1,000,000
Turnover: c£682 ,000*
Gross Profit: c£384,000
EBITDA before Directors costs: c£196,000
Current Net assets c£236,000
*From year end 2019 accounts
Ref No: CC186
Location: Somerset
The Business:
The Business is a firmly established concern, strategically and conveniently situated close to the M5 and M4 Motorways and was established by the vendor over 17 years ago. The business specialises in offering high added value corporate and business process consultancy and specialist training
e-learning programmes and taught services, for medium & large sized businesses including some of the best known companies in the UK. The business describes itself as supporting client organisations in improving their transformational programme delivery.
The company has established itself at the forefront of the development of programmes and management, for the modelling of high performing organisations and of individual programmes & projects.
The business’ products & services have developed to meet the needs of clients and enable them to develop their people, processes and procedures, providing them with evidence of their progress and success.
The business has a comprehensive service offering in consultancy, encompassing both discovery and diagnostic, leading to class leading solutions.
The business has many clients and continually invests in its e-learning programmes alongside its core taught and consulting services to ensure that it maintains its position as one of the most advanced and comprehensive providers in the marketplace.
Key Considerations
· Loyal long term clients
· The business has been around for over 17 years and is a solid repeatable business opportunity
· The business has untapped potential and is highly scalable
· Comprehensive client-product knowledge
· Solutions to complex requirements
· Very strong key client relationship
Summary Results
y/e £ 000s
2019
2018
2017
Turnover
682
902
1,006
Cost of Sales
298
538
570
Gross Profit
383
363
436
EBIDTA (2019) before Directors' costs: c £ 196,000
Balance Sheet:
On the basis that the Business is being sold on a zero cash-zero debt basis, the completion balance sheet is anticipated to be approximately:*
Debtors: £119,292
Cash & Equivalents: £237,797
Less
Trade Creditors: (£121,340)
Net Assets: £235,749
*From 209 accounts
Asking Price:
Offers in the region of £1,000,000 are invited for 100% of all the issued capital of the company. There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the £235,749 target net asset price.
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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