Featured Brokers
CONFIDENTIAL SALE
FOR SALE
27/02/24
607402
155718 / Rightbiz
The company specialises in the provision of comprehensive electrical services, undertaking jobs of all sizes for a diverse range of sites.
Operating across the North West, the company is held in high regard within its region for delivering a consistently high standard of service, enabling it to develop relationships with a number of prestigious, blue-chip organisations and gain ongoing contracts with several clients, ensuring that future revenue is secure.
The owner is offering the company for sale as they wish to realise the assured wealth derived from the value of the existing business, its goodwill and potential, whilst facilitating further growth.
Key Highlights
- Services offered include electrical engineering, gate automation, door access, installation and maintenance services.
- Benefits from a significant, diverse client base, with clients including various local authorities and prominent organisations in the construction, education, manufacturing and e-commerce markets.
- Benefits from a high volume of repeat custom, with 80% of clients providing recurring business and several relationships spanning over 10 years.
- Highly skilled workforce in place, including a strong management team, which is capable of managing day-to-day operations with minimal oversight.
- Operates from well-connected premises in North West England, with leasehold and freehold options available.
Financial Highlights
- The company achieved turnover of £1 million in YE23, with an adjusted EBITDA of £164k.
- Turnover is on course to exceed £1.2 million in YE24, with adjusted EBITDA also increasing to circa £228k.
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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