Featured Brokers
CONFIDENTIAL SALE
FOR SALE
12/09/23
599295
154738 / Rightbiz
Project Guiro sells and rents out an all-encompassing range of own-label and branded musical instruments, covering guitars, keyboards, percussion, brass, woodwind and stringed products, as well as accessories.
The company’s own-label brands are its core activity and allow for targeted sales to different customer types.
The business operates with numerous product standard certifications and is registered with various legislative schemes.
Our clients are now offering the company for sale to diversify their personal assets and facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Works with national and international retailers, B2C and education customers on an international scale, with significant potential to expand the geographical remit.
- Investment in tailored system integrations has enabled the business to develop long-term partnerships across the B2B and education sectors.
- Primed to take advantage of rapid structural changes in the sector and a significant increase in Government spending on musical instruments into education.
- Strong opportunity pipeline in place, comprising growing mass-market orders, brand development projects and further global expansion.
- Wealth of in-house expertise in place, with the existing team capable of effectively managing the business without the shareholders’ input.
- Operates from ideally located leasehold premises.
Financial Highlights
- Generated a YE23 turnover of £8.6m, with an adjusted EBITDA of £751k.
- YE24 outturn figures indicate a turnover of £7.1m. YE25 and YE26 forecast turnovers are £10.4m and £11.1m, respectively.
- Shareholder funds are set to continue demonstrating year-on-year growth, forecast to increase by 168% between YE20 and YE26.
- Over 90% of the business’s revenue during Q1 YE24 has been attributed to commercial and education-related customers.
- Sales to B2B and education customers have increased by 51% since YE19, as a result of vast investment to advance these activities.
- Own-brand sales increased by 95% between YE20 and YE23.
- One brand is the leading student guitar range on a third-party sales channel throughout Europe. This success offers huge potential for rapid global expansion.
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
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