CONFIDENTIAL SALE
FOR SALE
10/08/23
517881
154561 / Rightbiz
Based in south east England.
The company is a leading provider of material handling equipment solutions, specialising in the hire, sales, and repair of forklifts.
Its fleet includes various types of counterbalance, reach, articulated trucks, telehandlers, scissors lifts and order pickers.
The business provides reliable routine maintenance, repair/services and accredited RTITB training courses for operators. These training courses cover the above truck types.
The current asset base stands at circa 1,000 units.
Our clients are offering the business for sale to facilitate retirement plans.
Benefits from 318 active clients/contracts producing £2.365m rental income in the last financial year.
In addition holds a finance lease book with one of the leading providers, total finance value of over 102 agreements at £4.567m with 235 assets.
Experienced and dedicated workforce in place, with high staff retention rates and a wealth of in-house expertise.
Our clients have indicated that they would be willing to provide a handover period, subject to negotiation.
An ideal bolt-on opportunity for complementary service providers looking to extend their offering and client base.
Operates from two leasehold premises.
Scope for growth through the implementation of additional marketing strategies.
- Generated a YE23 turnover of £4.2m, with an adjusted EBITDA of circa £1.7m.
- YE24 annualised turnover of £5.4m, with the adjusted EBITDA expected to increase to circa £1.7m.
Offers invited.
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 SolicitorThe data showed regarding this advert 'Provider of material handling equipment solutions - 154561 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.