Featured Brokers
CONFIDENTIAL SALE
FOR SALE
12/12/23
603820
155059 / Rightbiz
Project Larnite is a multi-award-winning provider of high-quality diesel engines, parts, servicing and maintenance. Dealerships are in place with industry-leading diesel engine manufacturers, many of which have been active for over 80 years.
The company has strong relationships in place with OEMs, and is a trusted partner providing full technical product supply and support.
The company operates with a team of OEM-trained Technicians, who can attend time-sensitive call-outs or work on equipment in-house using high-specification diagnostic machines.
Our clients are now offering the business for sale to facilitate the Directors’ retirement plans.
On track for a turnover of £6.4m and adjusted EBITDA of £1.7m.
YE23 turnover of £6.1m and adjusted EBITDA of £1.5m.
Circa 88% of the overall revenue is generated by existing clients.
Pipeline in place worth £284k, comprising works due to be completed for key clients in the coming months. Three prospective orders are expected to realise a further £242k from mid-2024.
Low client concentration, with the largest client only contributing 3% to the annual turnover.
Works with over 1,000 active clients in the UK and internationally, across sectors such as construction, refrigeration, agriculture and defence.
Client loyalty has been facilitated by the business’s versatility; some key relationships with prestigious organisations span over three decades.
Strong second-tier management in place.
Infrastructure in place to adapt to changing requirements within the sector, with vast potential to diversify the activities to cater to alternative fuel engines.
Strong and consistent turnover and profit growth across the last four years.
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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