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CONFIDENTIAL SALE
FOR SALE
08/11/23
602333
154895 / Rightbiz
The company specialises in the supply, maintenance, and repair of industrial lifting and height safety equipment, alongside providing statutory examinations.
A prominent operator within the sector, covering both a full range of lifting services, as well as offering certified used lifting equipment.
Operating regionally, the company benefits from 76 active customers, 70% of whom provide ongoing repeat business.
The business is being offered for sale due to health issues and to facilitate the growth of the company under the impetus of new ownership.
Our client is open to all types of structured offers, subject to negotiation.
Offers invited.
YE23 turnover in excess of £557k.
71% increase in EBITDA from YE20–YE23.
Operating within a sustained market, currently valued at £4.1 billion nationally and is expected to grow at a CAGR of 3.1% until 2028.
Has built and maintained relationships with a high number of blue-chip customers, which span up to 25 years.
Operates from freehold premises, with a market value of circa £300k. Our Client advises that the property can be included in the sale on either a freehold or leasehold basis.
Recruitment of strong leadership positions and additional skilled workers would allow for an increased workload and a drive in sales, as the company is currently operating at full capacity.
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
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