Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/11/23
602271
154922 / Rightbiz
Project Datolite offers various medical examinations, primarily for pilots and airline personnel. The assessments include, but are not limited to, Class I and II for pilots, and Class III for ATCOs; fit-to-fly and airside driver examinations; and associated revalidations and renewals.
The company generates supplementary revenue through medical examinations for other activities, such as driving.
Operating in a high-barrier-to-entry market, the business has retained its prominence through numerous approvals. These include the CAA and EASA, enabling the examinations to meet the regulatory requirements set out by international governing bodies.
Our clients are now offering the company for sale to facilitate the majority shareholder’s retirement plans, and to encourage growth utilising the resources of a new owner. Offers invited.
Key Highlights
- Works with over 3,000 clients, having maintained lucrative relationships with prominent aviation brands.
- Many clients travel to the company’s premises from overseas, demonstrating the strong demand for its services.
- A management succession is already taking place; the multi-skilled team is capable of effectively operating the business without the shareholders’ input.
- Operates from freehold and leasehold premises in Southern England, which are ideally situated close to airports and other transport links; the freehold site will be included in the sale.
- Significant scope to diversify the service offering and expand operations near to other airports in the UK.
Financial Highlights
- Generated a YE22 turnover of £1.31m, with an adjusted EBITDA of circa £625k.
- Forecast to achieve a YE23 turnover of £1.36m.
- Average gross profit margin of 63% between YE20 and YE23.
- Has retained a large share within the aeromedical assessment market.
- A strong recurring revenue model is in place, spearheaded by the frequent renewal requirements of many certificates. Circa 80% of clients provide repeat business.
- Up to 40% of the income is derived from individual pilots; this is expected to rise as the company becomes the preferred supplier for additional airlines.
- Asset register valued at £100k included in the sale.
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 'Aviation medical assessments provider - 154922 / 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.