Featured Brokers
CONFIDENTIAL SALE
FOR SALE
06/03/24
607856
155587 / Rightbiz
The company provides a highly scalable and powerful financial management suite for the SME market, facilitating financial, warehouse and distribution management for UK and international organisations. Available as a cloud-based or on-premises solution, the highly flexible programs are designed to automate and streamline a range of business processes.
The software is a financial management system developed for Microsoft SQL Server that simplifies and automates the processes of managing receivables / payables, procurement, stock management, ordering, collecting / submitting taxes, and closing the books. It enables timely, accurate reporting with real-time access to financial data that can be easily drilled into in order to resolve issues, and satisfies multiple regulatory financial compliance requirements.
There is also a server-based haulage management solution that includes easy-to-use traffic management features with smart and efficient tracking, job planning and vehicle defect monitoring.
The business is being offered for sale due to the shareholders’ retirement. Offers invited.
Key Highlights
- Software that is fully adaptable for a range of industries and geographic areas.
- Excel add-in providing direct reporting access to MS SQL Server data.
- Secure external system integration providing best-of-breed solutions to a wide range of clients.
- Training and supported provided by an in-house team.
- 70 active clients, over 90% of which have used the software for over five years, with some relationships spanning two decades.
- Strong second-tier management team in place.
- Operates from leasehold premises.
Financial Highlights
-Turnover of £517k, with an adjusted EBITDA of £125k.
-Projected turnover of £589k, with an adjusted EBITDA of £230k.
-Primarily generates revenue from ongoing software licensing fees, which account for 63% of its annual turnover.
-Strong pipeline of future work, with subscription renewals expected to generate £185k between April and June 2024. This will be supplemented by an additional £106k in confirmed income and up to £215k from outstanding tenders.
-An opportunity to have a share of the annual £11.69bn enterprise software market.
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
The data showed regarding this advert 'Software developer offering business management application suite – based in South East England - 155587 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.