Featured Brokers
CONFIDENTIAL SALE
FOR SALE
23/08/23
518587
154518 / Rightbiz
The company carries out a wide range of services at domestic and commercial properties within Wales. Its activities include septic tank, treatment plant, cesspit and chemical toilet emptying; inspection and maintenance of road gulleys, grease management systems, drainage and culverts; CCTV drainage survey; road sweeping and dust suppression.
A 24-hour call-out service is operated, and the business utilises various vehicles, equipment and technologies to effectively provide its offering. A large asset register will be included in the sale.
Our clients are now offering the company for sale to facilitate the Directors’ retirement plans. Offers invited.
Key Highlights
- Highly accredited company, holding accolades with industry bodies such as CHAS and ISO.
- Works with private individuals, across the public sector and within markets such as leisure, hospitality and construction.
- Strong agreements in place with active clients, operating as the preferred supplier to two key local authorities.
- Wealth of expertise in place, with the potential for an existing employee to move into an upper-level management position.
- Operates from shareholder-owned premises. Our clients would prefer to retain the freehold and lease the site to the business acquire post-sale; however, this is open for negotiation.
- Scope for growth through diversification of the service offering, recruitment, expansion of the remit, and the implementation of additional marketing strategies.
Financial Highlights
- Generated a YE23 turnover of £1.3m, with an adjusted EBITDA of circa £190k.
- Average gross profit margin of 92% between YE20 and YE23.
- Approximately 80% of the business’s overall revenue is generated by existing clients.
- 71% tender success rate, with numerous opportunities in the pipeline for 2023/24.
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
The data showed regarding this advert 'Provider of waste management and drainage services - 154518 / 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.