Featured Brokers
CONFIDENTIAL SALE
FOR SALE
12/04/23
511533
153911 / Rightbiz
The group utilises a wealth of in-house expertise and specialist capabilities to deliver a wide range of products and services, including bespoke toolmaking.
Its products are sold to a diverse client network across the UK and overseas, with key sectors comprising medical, defence, construction, HVAC and automotive.
The companies work together to manufacture and retail the products, generating reliable revenue streams.
All plant and machinery are to be included in the sale, alongside stock of raw materials and finished goods.
Our client is now offering the group for sale to facilitate semi-retirement plans and other, unrelated interests. Offers invited.
Key Highlights
- Works with over 40 active clients, the majority of whom place orders on a contractual basis.
- Own-brand products complement the subcontract activities of presswork, toolmaking and fabrication, with these ranges contributing a further 100 regular clients.
- Has established long-standing client relationships that span up to three decades.
- Strong second-tier management team in place which is capable of effectively managing the group with minimal input.
- Director willing to provide a suitable handover period.
- Operates from large leasehold premises, some of which are sublet to generate supplementary income.
- Scope for growth through introducing new products and services, expanding the remit, and recruitment.
Financial Highlights
- Consolidated YE23 turnover of circa £2.5m, with an adjusted EBITDA of £250k.
- YE24 projected turnover of £2.32m, with the adjusted EBITDA increasing to £291k.
- Approximately 95% of clients provide repeat business on an ongoing basis.
- Has numerous pipeline projects, one of which holds a value of circa £150k.
- Due to realise £845k in recurring revenue.
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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