Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/02/24
606088
155197 / Rightbiz
The company provides a comprehensive range of piling and foundation solutions, carrying out approximately six projects per week across residential and commercial applications.
Services include, but are not limited to, mini and screw/helical piling; continuous flight auger (CFA) piling; sectional flight auger (SFA) open bore piling and grout injection piling; steel cased driven (SCD) piling; screw piling; and the installation of ground beams and reinforced concrete (RC) slabs.
The business’s scalability enables it to effectively work on projects ranging in value from £5k to £285k, with the average project worth £40k.
Our clients are offering the company for sale to realise the assured value of the existing business, while facilitating other, unrelated endeavours. Offers invited.
Key Highlights
- Accredited by CHAS and is a Constructionline Silver member.
- Works with builders, architects, property developers and structural engineers.
- Has retained long-standing relationships with clients.
- Versatile workforce in place, with three candidates able to absorb the shareholders’ responsibilities, post-completion.
- An in-house Engineer ensures the effective completion of projects regardless of their complexity.
- Employees possess a wealth of qualifications, including degrees, certificates and approvals from industry bodies.
- Operates from two leasehold premises in South East and South West England, which are ideally located to facilitate the delivery of services across Southern England.
Financial Highlights
- Generated a YE23 turnover of £3.5m, with an adjusted EBITDA of £244k.
Asset register with a cost price of £790k will form part of the sale, including Cobra drop-hammers, Spartan piling rig, Cobra drilling rigs, vans, trucks, a lorry, diggers, augers, self-levelling lasers and power tools.
- Currently fully booked for projects up to four weeks ahead, based on five-to-six projects per week; our clients anticipate this to extend to five weeks in summer 2024.
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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