Featured Brokers
CONFIDENTIAL SALE
FOR SALE
19/04/23
511917
153944 / Rightbiz
The company provides short- and long-term vehicle hire services for the commercial sector, operating a diverse fleet of vans, trucks, minibuses and campervans.
Approximately 100 vehicles are currently on long-term hire contracts spanning up to five years. Long-term contracts are inclusive of all servicing and maintenance, with 24/7 support and sign writing services provided.
The company also offers vehicles on a daily rental basis for periods of up to 12 months, receiving a high volume of repeat custom.
The business is being offered for sale to facilitate the shareholder’s retirement.
Offers invited.
Key Highlights
- c200 vehicles available for hire.
- Caters to circa 275 commercial clients across a diverse range of sectors, including distributors, brokers and waste management companies.
- Approximately 51% of clients provide reliable, repeat business on an ongoing basis, with its longest relationship spanning upwards of 30 years.
- Experienced management team in place.
- Operates from two sites in South East England, one of which is fully owned by the company and may be included in the sale on a freehold or leasehold basis.
- Generates additional income from the lease of a portion of its premises to another company.
- Considerable scope for growth through the expansion of its fleet or the development of its service offering.
Financial Highlights
- Turnover of £2.4m projected for YE24, with an adjusted EBITDA of £1.3m.
- Management turnover of £2.3m in YE23, with an adjusted EBITDA of £1.7m.
- Derives circa 50% of its revenue through contracted relationships with 14 clients, accounting for £1m annually, with an average of 28 months remaining on each contract.
- c50% of income derived from contracts
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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