Featured Brokers
CONFIDENTIAL SALE
FOR SALE
10/05/23
512933
154007 / Rightbiz
Project Linarite comprises two companies, both operating across the UK.
Company A delivers end-to-end design, fit-out, groundworks and roofing solutions for shopfitting projects across fuel stations, retail premises and hospitality outlets.
Company B provides a turnkey joinery solution for commercial, semi-permanent and permanent retail projects.
The businesses hold numerous industry accolades, including CHAS, APEA, FSC and SafeContractor.
Our clients are now offering the companies for sale to facilitate retirement plans and other, unrelated endeavours. Offers invited.
Key Highlights
- Benefit from new, repeat and referral business from clients in sectors such as petrol filling stations, retail, commercial, healthcare and education.
- Wealth of in-house expertise in place, with three candidates able to absorb the Directors’ responsibilities, post-sale.
- Operate from a 25,000 sq ft leasehold office, warehouse and production facility based in central England.
- Primed to take advantage of ongoing developments within the joinery installation sector.
- Growth may be achieved through diversification of the services, recruitment, and the implementation of sales and marketing activities.
- An excellent acquisition for similar or synergistic organisations.
Financial Highlights
- Generated a YE22 turnover of £4.8m, with an adjusted EBITDA of c.£531k.
- YE23 management figures indicate a turnover of £9.8m, with an adjusted EBITDA of £1.8m.
- Turnover is projected to increase to £12m by YE24, with adjusted EBITDA rising to £2.25m.
- Significant forward order books in place which hold a combined value of £2m.
- Outstanding tenders and upcoming projects for blue-chip organisations are worth in excess of £8m.
- Approximately 90% of sales are derived from 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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