Featured Brokers
CONFIDENTIAL SALE
FOR SALE
15/06/23
514960
152655 / Rightbiz
The company provides a comprehensive range of plumbing and heating services for domestic properties, working in partnership with a number of leading manufacturers to supply and install high-quality boilers, alongside ongoing maintenance, servicing and repairs.
Operating on a regional basis, the company has earned an excellent reputation in London and continues to enjoy a consistent, reliable stream of new and repeat business.
Our client is now offering the company for sale as they wish to relocate away from London.
Key Highlights
- The company is Gas Safe certified and an accredited installer for several leading boiler brands.
- Works with a wide range of commercial and private clients, including new build developers, construction companies, estate agencies and the general public.
- Over 1,500 active clients, maintaining strong retention rates, with approximately 90% of clients providing repeat business and some relationships spanning over 20 years.
- Highly skilled and loyal workforce in place, capable of managing day-to-day operations on an ongoing basis.
- Operates from well-connected leasehold premises based in London.
Financial Highlights
- The company achieved turnover of circa £900k in YE22, with an adjusted EBITDA of £165k.
- Maintains consistently strong gross profit and adjusted EBITDA margins, averaging 36% and 19%, respectively, across the last four 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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