Featured Brokers
CONFIDENTIAL SALE
FOR SALE
17/05/23
513368
153781 / Rightbiz
The company is an importer and distributor of niche van and 4x4 accessories, including roof rails and roof rack systems, van styling products, and pickup accessories, operating on a B2B and B2C basis.
Priding itself on its outstanding products and excellent customer service, the company sources the best possible products at profitable margins from international manufacturers, with which it has developed excellent relationships.
The business is now being offered for sale to facilitate investment and growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Wide-ranging and varied customer base, serving the UK online retail market, as well as several prestigious UK van and 4x4 trade dealers.
- Good market coverage by operating several online sales channels.
- Strong second-tier management team in place.
- Operates from leasehold premises.
- Offering additional products and new stock lines from existing manufacturers, as well as increasing stock holding, could expand the company’s customer base and accelerate growth.
Financial Highlights
Turnover of circa £2.3m in YE23, with an adjusted EBITDA of £245k.
Projected turnover of £2.7m in YE24, with an adjusted EBITDA of £391k.
Projected increase in turnover of 67% between YE21 and YE24.
Increase in adjusted EBITDA of 82% expected in the same time period.
Average gross profit margin of 20% between YE21 and YE23
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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