Featured Brokers
CONFIDENTIAL SALE
FOR SALE
06/10/23
600783
UNIFORM / Rightbiz
Our client sells electronic security equipment and manned security services primarily to commercial clients in Norfolk, Suffolk and the East of England.
Highlights
· Two businesses for sale - can be bought separately or as a pair.
· Average 8.83% net profit margin in last 3 FY
· Gross margin up from 36.25% to 41.34% in three financial years
· Well-spread risk with top 10 clients accounting for 33% of revenues
· Business not owner dependent
· Experienced management team handle daily business
· Only one-stop security service in the local area
· Big brand customers, many of which have been with our client for years
· Strong cash balances across the companies freeing up capital for new owner expansion opportunities
· One of a handful of security firms with a live, in-house manned monitoring function.
· SSAIB registered and ISO 14001/9001
· Locally, strong reputation and high level of B2B brand
History
Operating for nearly 20 years, our clients’ businesses turn over in excess of £1m jointly. One company sells and installs electronic equipment and the other manned services. Averaging a combined 8.83% net margin over the last 3 years, the company is now in a time of transition. The current owner, upon whom the business is not dependent, has trained a management team to assume nearly all responsibilities meaning that the company can be run in his absence.
Products and services
Our client offers a complete range of security services, primarily to businesses in their East of England catchment area. They offer advanced CCTV systems, building entry system, fire and burglar alarms, as well as on-site security personnel for events.
They also have their own in-house video monitoring centre, which is operational during weekends and evenings. Subscribers pay monthly to have their premises remotely monitored by our client.
The company is also diversifying by adding new services like specialised tagging systems for retail and water-mist fire extinguishers.
Enquire
For growth-minded acquirers, the opportunities here are significant. The company achieves its turnover without marketing and it has no sales rep. It achieves its high turnover because of the quality of its work and its local reputation. We outline various strategies in the information memorandum a new owner could action quickly to drive new leads and revenue.
For more information, please contact Swan Corporate on…
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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