Featured Brokers
CONFIDENTIAL SALE
FOR SALE
15/05/23
513211
153710 / Rightbiz
The company retails electric golf trolleys which have been developed as a cost-effective solution to customer requirements.
The business also offers a wide range of accessories and spare parts, operating as a one-stop outlet and generating reliable revenue streams.
An asset register worth £59k is included in the sale.
Our clients are now offering the company for sale to facilitate retirement plans. They are willing to deliver a suitable handover period.
Offers invited.
Key Highlights
- Works with international B2B customers and benefits from a continual stream of D2C sales through its optimised e-commerce platforms.
- Has established numerous long-standing relationships, some of which span over a decade.
- Versatile team in place which can effectively manage daily business operations with minimal input.
- Candidate available to fulfil some of the majority shareholder’s responsibilities.
- Operates from leasehold premises, though could be relocated.
- Scope for growth through further product development, geographic expansion and recruitment.
Financial Highlights
- YE22 turnover of £1.21m, with an adjusted EBITDA of c.£122k.
- YE23 management turnover of £1.23m, with the adjusted EBITDA increasing to £191k.
- Average gross profit margin of 38% since YE20.
- Shareholder funds demonstrating year-on-year growth, increasing by 365% over a three-year period.
- Strong order pipeline and base of prospective customers, including new, international distributors and high-street retailers. Upcoming ventures hold an estimated value of over £1m for YE24.
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
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