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A RETAILER OF HEATING, PLUMBING AND BATHROOM SUPPLIES TO TRADE AND PRIVATE BUYERS

Undisclosed

CONFIDENTIAL SALE

  • Leasehold: Price on Application
  • Turnover: £2,100,000 £40,385 Per week
  • Net Profit: N/A

Business Details

Turnover of £2.1m, with an adjusted EBITDA of £245k. Supplies sanitaryware, plumbing supplies, bathroom furnishings, radiators, underfloor heating, boilers and other energy-efficient heating products. Caters to a diverse client base comprising 150 trade buyers and numerous private individuals, receiving a high volume of repeat custom with some relationships having been in place for over 30 years. Strong second-tier management team in place. Operates from leasehold premises. Strong pipeline of future work including opportunities with developers and fit-out companies, with one project set to generate up to £600k in turnover over the next few years.
The Shareholders are offering the company for sale as part of the Managing Director’s retirement plans. Offers invited.

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Key Features

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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.

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Contact seller

Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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