Featured Brokers
CONFIDENTIAL SALE
FOR SALE
19/01/23
506734
153600 / Rightbiz
The company offers an extensive selection of high-quality building, plumbing and general DIY products, catering to a wide variety of client needs.
Working with both trade and private clients, the company has earned an excellent reputation within its core operational area, ensuring that it continues to benefit from a reliable stream of new, repeat and referral business.
Utilising a highly experienced team with extensive knowledge of plumbing, building and the local area, the company stands apart from its competitors by providing an exceptionally high standard of attentive and personalised customer service.
Our client is now offering the company for sale as part of their retirement plans.
Key Highlights
- Operates on a regional basis, with clients including general builders, joiners, plasterers, roofers, plasterers and maintenance companies, as well as the general public.
- Maintains strong, long-standing client relationships, several of which span over 26 years, with 80% of clients providing reliable, repeat business.
- Operates from well-connected freehold premises in the East Midlands, which comprise a retail unit, machine shop and storage yard.
- Highly skilled and loyal team in place, capable of providing expert advice for clients relating to a range of projects.
- Having secured a dominant market share within its core operational area, the company is ideally positioned to achieve further growth by implementing an e-commerce website or offering complementary building or plumbing services.
Financial Highlights
The company offers an extensive selection of high-quality building, plumbing and general DIY products, catering to a wide variety of client needs.
Working with both trade and private clients, the company has earned an excellent reputation within its core operational area, ensuring that it continues to benefit from a reliable stream of new, repeat and referral business.
Utilising a highly experienced team with extensive knowledge of plumbing, building and the local area, the company stands apart from its competitors by providing an exceptionally high standard of attentive and personalised customer service.
Our client is now offering the company for sale as part of their retirement plans.
Key Highlights
- Operates on a regional basis, with clients including general builders, joiners, plasterers, roofers, plasterers and maintenance companies, as well as the general public.
- Maintains strong, long-standing client relationships, several of which span over 26 years, with 80% of clients providing reliable, repeat business.
- Operates from well-connected freehold premises in the East Midlands, which comprise a retail unit, machine shop and storage yard.
- Highly skilled and loyal team in place, capable of providing expert advice for clients relating to a range of projects.
- Having secured a dominant market share within its core operational area, the company is ideally positioned to achieve further growth by implementing an e-commerce website or offering complementary building or plumbing services.
Financial Highlights
- The company achieved turnover in excess of £1.2 million in YE23, with an adjusted EBITDA of circa £76k.
- Maintains consistently strong gross profit margins, averaging 20% across the last four years.
- Possesses assets including plant, machinery and property valued at over £250k.
- Maintains consistently strong gross profit and adjusted EBITDA margins, averaging 20% and 11%, respectively, across the last three years.
- Possesses assets including plant, machinery and property valued at over £250k.
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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