Featured Brokers
CONFIDENTIAL SALE
FOR SALE
04/04/23
511171
153467 / Rightbiz
The company designs and manufactures attractive, bespoke kitchens, bathrooms and bedrooms for luxury properties, specialising in high-rise developments in London’s most prestigious areas.
Utilising in-house design and manufacturing teams, who work closely with clients to create bespoke spaces, the company caters to blue-chip property developers, house builders and contractors, all of whom provide repeat business.
The company is being offered for sale to facilitate the long-term retirement plans of the Managing Director.
Offers invited.
Key Highlights
- Projects range from small housing estates to luxury 1,000-apartment tower blocks in central London.
- Caters to 12 clients, some of whom have provided regular business for upwards of 10 years.
- Circa 70% of work is based in London, with the remainder located across Southern England.
- Excellent scope for future growth, which could be achieved through the recruitment of sales staff.
- Experienced second-tier management team is in place to facilitate the Managing Director’s departure.
- Utilises leasehold premises in Southern England, ideally located to provide access to the M25 and London.
Financial Highlights
- Turnover of £8.7m for YE22, with an adjusted EBITDA of £1.2m.
- Considerable growth between YE18 and YE20, with the company now showing strong recovery following the effect of Covid-19 on the construction industry.
- Extensive pipeline in place, with sales expected to reach £10m in YE23 and £12m in YE24 and . This includes several projects that are set to generate in excess of £4m.
- Gross profit margin for the period YE19 to YE22 has averaged at 28%.
- Robust balance sheet, with Shareholder funds in excess of £2m for YE21.
- Pipeline of £10m for YE23
- 60% of revenue generated by existing clients
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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