Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/02/24
606105
155242 / Rightbiz
The company provides onsite engineering labour to a vast range of sectors across Scotland and England, as well as operating a large fully equipped fabrication workshop with 10-tonne and 20-tonne overhead cranes, as well as machining, folding, rolling, and cutting, multi-coded welding capabilities.
Priding itself on its efficient, professional services, the company benefits from a large, reliable workforce that is coordinated and on-call 24 hours a day, enabling it to respond to client
requirements within two hours.
The business is now being offered for sale to facilitate retirement plans.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
- Serves a diverse range of sectors, including waste energy, paper, biomass, MoD, marine, aerospace, healthcare, food, construction, and clothing.
- Accredited by Avetta.
- Strong second-tier management team in place that can undertake daily operations and drive business development independently, providing a turnkey opportunity.
- Scope to pursue geographical expansion nationally and internationally.
- Could benefit from developing an interactive website to expand its online presence and reach additional clients.
- Operates from leasehold premises that are rented from the General Manager; the freehold can be included in the sale subject to separate negotiations.
Financial Highlights
- Turnover of £3m in YE22 with an adjusted EBITDA of £700k.
- Premises worth approximately £350k.
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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