Featured Brokers
CONFIDENTIAL SALE
FOR SALE
09/02/23
508025
152840 / Rightbiz
The company provides recycling solutions for customers and suppliers throughout the UK and internationally.
The business is a registered waste broker with the Environment Agency and with the Northern Ireland Environment Agency, and it has attained accreditations for the export of four categories of packaging waste.
Our clients are offering the company for sale to facilitate continued growth under the impetus of a new owner.
Key Highlights
- 90% of customers provide reliable, repeat business on an ongoing basis.
- Secures materials from 96 suppliers, 50%-to-70% of whom provide repeat business.
- Built up an experienced and knowledgeable team, which is able to manage the business with minimal support.
- Operates from leasehold premises.
- A natural expansion pathway would be to establish similar businesses in other countries, with each new entity built to offer solutions to local suppliers.
- Potential to secure ISO 9001 and ISO 14001 certifications to enable it to gain and maintain a competitive advantage as the market develops and matures.
Financial Highlights
- YE24 forecast turnover of £6.2m.
- YE23 turnover of £8.3m, with an adjusted EBITDA of £658k.
- Cash generative business with shareholder funds in excess of £886k.
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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