Featured Brokers
CONFIDENTIAL SALE
FOR SALE
24/10/23
601617
154796 / Rightbiz
The company supplies craft materials, tools and equipment to the education sector,
professional craftspeople and hobbyists, with a focus on raw materials, high-value
items and their own brands.
With 40% of its revenue generated from the education sector, the company’s
database lists over 20,000 customers, 6,000 of which provide regular, repeat
business.
The shareholders are offering the company for sale to facilitate their retirement
plans.
Offers invited.
Key Highlights
- The main UK distributor for several prominent suppliers, with a selection of
own-brand items produced in-house.
- Dispatches approximately 6,000 mail-order parcels and 1,300 pallets a year,
with additional revenue generated by collection orders from customers local to
its two branches.
- Experienced second-tier management team in place.
- Operates from two leasehold premises, ideally located to provide nationwide
coverage.
- Continued demand for crafts from education, studios, teaching workshops
and hobbyists - especially post-covid, which is expected to continue for the
foreseeable future.
Financial Highlights
-YE23 turnover of £2.1m, with an adjusted EBITDA of £309k.
- Turnover has increased by 43% since YE20.
- The financial information above represents the combined profit and loss
accounts for the company and a newly-acquired division. YE23 has been
annualised based on management figures.
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 'A supplier of craft materials, tools and equipment operating nationwide - 154796 / 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.