Featured Brokers
CONFIDENTIAL SALE
FOR SALE
13/02/24
606639
154624 / Rightbiz
Specialises in undertaking electrical and mechanical works, offering a comprehensive range of services, from minor works to full turnkey projects.
The company also provides a number of hazardous area services, including installations and inspections of electrical equipment in explosive atmospheres, all of which are completed to the relevant international standards.
Demonstrating its attention to detail and commitment to success, the business has a multitude of accreditations, such as ISO 9001, and is a Silver Member of Constructionline.
Our clients are offering the business for sale to pursue other, unrelated business interests.
Offers invited.
Key Highlights
- Primarily works with many blue-chip and prestigious clients operating in the industrial and commercial industries, such as automotive, engineering, manufacturing, logistics, and waste management.
- Currently working with 36 organisations, 90% of whom provide reliable streams of ongoing revenue.
- Has recently started targeting higher value work from the commercial and industrial sector.
- Operates from leasehold premises based in the heart of England.
- Scope for growth by utilising its NICEIC accreditation and expanding its hazardous area services.
Financial Highlights
- Turnover of circa £2.07m achieved during YE22, with an adjusted EBITDA of circa £164k.
- Forecast turnover of £2.1m for YE23, with an adjusted EBITDA of circa £287k.
Forward order book value of £2.7m. Large order to be placed in the upcoming months which is estimated to generate £550k of revenue.
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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