Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/10/23
601135
155043 / Rightbiz
The company offers tailored residential care for adults with autism, learning disabilities or social and behavioural difficulties aged between 18 and 65. The company encourages independence and enhances service users’ quality of life through meaningful activities, therapies, and occupations.
Priding itself on its extensive, detailed policies and procedures, the company provides certified training to its staff, often beyond required standards. The business has also achieved a Good rating across all areas from the Care Quality Commission.
The company is now being offered for sale to facilitate our clients’ retirement plans.
Offers invited.
Key Highlights
- Has strong, long-standing relationships with a number of local authorities that provide repeat referrals.
- Many service users have remained with the company for more than a decade.
- Strong management team in place that carry out daily operations and drive business development with minimal oversight, providing a new owner with a turnkey opportunity.
- Operates from three adjacent freehold premises.
- Owns a fourth property next door that is currently unoccupied and could be used to provide additional accommodation for more service users.
- Opening more care homes in surrounding areas would enable the company to continue its expansion.
Financial Highlights
- Turnover of £2m in YE22 with a gross profit of £750k.
- EBITDA of circa £460k in the same year.
- Projected turnover of £2.2m in YE23 with an EBITDA of £540k.
- Average gross profit of 44% between YE20 and YE23.
- Expecting to take on two new service users this FY, which will provide additional revenue of circa £210k per annum.
- Holds the freeholds of four premises that have a total estimated market value of £3.2m.
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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