Featured Brokers
CONFIDENTIAL SALE
FOR SALE
10/01/24
604852
155224 / Rightbiz
Overview
Project Insight specialises in providing end market pricing insights on a global basis to the automotive sector and wider aftermarket.
The company has its own technological based suite of reporting processes and systems that provide top line analysis reporting, price alerting, promotions offered, payment options and discount level settings.
The business has an excellent understanding of the unique requirements of each individual client. It supplies them with real time access to key market trends across a comprehensive array of variables.
Our client is offering the company for sale due to personal reasons.
Offers invited for 100% of the company.
Key Highlights
- On a daily basis, it collects over seven million tyre prices for over 250k products across 40 countries, including North America, China, Japan, Australia and Europe.
- In-house proprietary software systems validate and verify each data point captured with extensive collation and verification of over 1.2 million syntax synonyms.
- Its in-house reporting tools automatically notify clients of significant changes in any SKU price, within both the B2B and B2C channels.
- Benefits from a rich and growing portfolio of clients. They include blue chip multinationals, national retailers and suppliers, and wholesalers.
- Works with over 20 clients, most of which provide ongoing repeat business.
- Limited competition with no like-for-like direct competitors.
Experienced and dedicated team in place.
- Substantial growth from both greater geographic market penetration and wider service offerings in its existing market sector; and, step change growth opportunities in new markets, such as white goods, with no dilution in profitability.
Financial Highlights
- YE23: Generated a turnover of circa £825k.
- YE23: EBITDA of £115k and gross profit of over 59%.
- YE26: Substantial increase in revenue to circa £1.2m with no dilution of gross profit margin.
- Scalable business to new market sectors, such as white goods, leading to several fold increase in profits.
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 'Provider of Worldwide Pricing Insights of the Vehicle Market – Based in Northern England - 155224 / 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.