Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/09/23
599089
154394 / Rightbiz
The company offers a turnkey service covering the design, supply and installation of bespoke, hand-crafted carpets and rugs.
Operating across the UK and Europe, the company has a well-established brand offering and a loyal client base, with its products installed in luxury hotels and boutiques across Europe, as well as in the residences and super yachts of many high-net-worth individuals.
The company is offered for sale due to the retirement plans of the majority shareholders.
Offers invited.
Key Highlights
- Delivers a dedicated and personalised service, with all products made-to-measure from the finest natural materials.
- Caters to circa 50 active clients, operating on both a B2B and B2C basis. Its client base includes corporate organisations, interior designers, boutiques, hotels and high-net-worth private individuals.
- Receives a high volume of repeat business, with many client relationships spanning upwards of 10 years.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- Moving forward, the company could benefit from exploring relationships with new clients or expanding its product range.
Financial Highlights
- Turnover of £1.07m, with an adjusted EBITDA of £242k.
- Gross profit margin of 51%.
- A YE24 six month management turnover of £517k.
- Current order book is valued at £251k in March 2024. The forward order projection up to end May 2024 is currently at £275k based on existing enquiries to date.
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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