Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/02/24
606087
154264 / Rightbiz
The company is a provider of driveway installation, resurfacing and repair services for commercial clients, public-sector organisations and private individuals across East and West Sussex.
Other services include private road paving and resurfacing, vehicle crossovers and dropped kerbs, car park and playground resurfacing, road marking and professional lining, and cleaning services for a range of environments.
Working with a variety of materials, including block paving, bricks, patio slabs, asphalt, gravel and resin, amongst others, the company generates work on an ad hoc basis, with some repeat business derived from builders and local councils.
The company is being offered for sale to facilitate the Shareholder’s retirement.
Offers invited.
Key Highlights
- Excellent brand and reputation in the local area has ensured a steady stream of business and a high volume of referral custom.
- Received 937 enquiries in the last financial year, 45% of which resulted in work being booked.
- Experienced team in place to lead day-to-day activity post-sale.
- Operates from leasehold premises.
- Considerable scope for growth, with the potential to open a second office to widen the company’s operational area.
- Strong pipeline for the foreseeable future, with approximately four new enquiries received on a daily basis.
Financial Highlights
- Turnover of £1.6m, with adjusted EBIT of £293k.
- Average gross profit margin of 43%.
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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