Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/05/23
513270
154063 / Rightbiz
The company offers a turnkey service for the supply, installation and maintenance of commercial kitchens, specialising in HVAC, catering and refrigeration equipment.
With extensive experience in the catering industry, the company carries out work on projects from concept to completion, covering all supply, installation, commissioning and after-sales servicing, maintenance and repair work.
The shareholders are offering the company for sale as part of their retirement plans.
Offers invited.
Key Highlights
- Caters to clients across various sectors, deriving over 83% of its revenue from children’s day nurseries, including 9/10 of the UK’s largest childcare providers.
- Currently provides its services to 44 active clients, circa 99% of whom deliver reliable, repeat business on an ongoing basis, with some relationships spanning over 10 years.
- Demand from core client base set to increase due to an increase in Government funding for free childcare for working parents.
- Strong second-tier management team, with a national network of catering and refrigeration engineers.
- Operates from leasehold premises.
- Considerable scope for further expansion through the development of its services, recruitment or increased sales and marketing activity.
- Excellent bolt-on acquisition for buyers within the facilities management sector who wish to enhance their current operations.
Financial Highlights
- YE23 turnover of £2.3m and adjusted EBITDA of £422k.
- YE24 management figures show a turnover of £2.6m and adjusted EBITDA of £447k.
- Turnover and EBITDA projected to increase to £3.2m and £600k by YE26, respectively.
- Generates a high volume of contracted income from planned preventative maintenance agreements annually, also receiving £800k of guaranteed refit work from its largest client every year.
- The company also expects to be awarded contracts to the value of £600k from existing clients, advising that many of these are simply awaiting approval.
- Scope to generate an additional £2m from outstanding tenders, with works to be carried out over the next three years.
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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