Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/11/23
602268
154824 / Rightbiz
The company benefits from a highly skilled workforce and comprehensive in-house workshop facilities, enabling it to further differentiate itself from its competitors.
Our clients are now offering the company for sale due to a change in their personal circumstances.
Key Highlights
- Owns a significant fleet of vehicles and plant from leading manufacturers, including MAN, Manitou, Kubota, DAF and Renault, as well as over 100 items of plant, suited to a wide range of applications.
- Core services are complemented with vehicle repairs and maintenance works, as well as material recycling services, providing additional, dependable streams of revenue throughout the year.
- The company has secured a significant market share within its main trading area, predominantly working with organisations in the construction, civil engineering and agricultural sectors. Enjoys a high volume of repeat and referral custom, with some relationships now spanning over 40 years.
- Highly knowledgeable workforce in place, possessing the skills and expertise required to manage and develop the business with minimal oversight.
- Operates from several strategically located premises in South England, contributing to its dominance within the region.
Financial Highlights
- Achieved turnover of £5.55 million in YE23, with an adjusted EBITDA of circa £790k.
- Turnover and EBITDA projected to remain at similar levels to YE23 in the current financial year.
- Benefitting from a dominant position within its sector, the company has developed a significant, diverse client base, meaning that it has no reliance on any key accounts to generate revenue.
- The company has continually invested in the acquisition of new plant, machinery, vehicles and equipment, and currently possesses assets collectively costing over £4.18 million.
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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