Featured Brokers
CONFIDENTIAL SALE
FOR SALE
28/02/24
607546
155453 / Rightbiz
Based in South East England
The company has established two successful e-commerce platforms supported by a retail and trade shop, with showroom facilities, offering a diverse range of ironmongery and lighting products.
The business’s range includes cabinet and door furniture, window furniture, anti-ligature furniture, blinds, interior and exterior lighting fixtures, and accessories for private property and commercial premises. These are offered in a wide range of designs and finishes, carefully chosen from leading manufacturers.
The company offers technical advice on all aspects of architectural ironmongery including the provision of specialist fixtures and prepares quotes for larger projects with alternative solutions where requested.
Our clients are now offering the business for sale to facilitate further growth under the impetus of new ownership and to aid retirement plans.
Offers invited.
Generated a turnover of £4.4m in YE23, with a gross profit of £1.1m.
The company has projected a turnover of £4.7m in YE24.
85% of sales are derived from two successful e-commerce platforms, generating a positive cash flow effect.
Cultivated relationships with over 30 trade organisations, all of which provide reliable, repeat business.
Supplies ironmongery to leading national builders’ merchants, with trading agreements in place for all the main UK suppliers.
Approximately 40% of e-commerce customers provide repeat business on a regular basis.
E-commerce platforms are supported by extensive SEO strategies and constant monitoring of competitors’ pricing strategies.
Benefits from 90,000 average monthly visitors, with a conversion rate of 8.5%, generating 200 sales per day.
Operates from shareholder-owned warehouses, which are offered on a leasehold basis.
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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