Featured Brokers
CONFIDENTIAL SALE
FOR SALE
19/07/23
516864
154505 / Rightbiz
The company delivers market-leading, exceptional piercing services, utilising a full training and monitoring programme to ensure the safety of its processes.
The highly knowledgeable staff can undertake a vast array of piercings. Materials such as metal, acrylic and semi-precious stones are available for the jewellery.
Piercing services are complemented by the sale of alternative clothing, band merchandise, hair dye and accessories.
Our clients are now selling the company to facilitate retirement plans. Offers invited.
Key Highlights
- Boasts strong supplier relationships in Asia, whilst also offering some of the sector’s leading brands.
- Experiences a continual stream of national custom in its stores, as well as international orders via its website.
- Strong second-tier management team and Store Managers, who are able to undertake day-to-day operations with minimal input.
- Operates from multiple and strategic locations across the UK.
- Continually expanding, with new stores in the pipeline and a goal to have an outlet in every major UK city.
- Ideally positioned with adaptable infrastructure to keep in line with evolving trends within the piercing industry.
- Scope for growth through the advancement of the products and services; refurbishment and relocation of existing stores; launch of new stores; and increased sales and marketing activities.
- Its process can be implemented and rolled out within a larger group.
Financial Highlights
YE23 turnover of c.£6.8m, with an adjusted EBITDA of c.£1.7m.
Management turnover of £7.8m in YE24.
Turnover forecast to increase to £9.6m in YE25.
Average gross profit margin of 68% between YE20 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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