Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/03/24
607875
155623 / Rightbiz
Based in Southern England
Overview
Offered for sale is a fast-paced, innovative company that supports clients at every stage of the product design and development cycle.
The business initially engages with the client to define the specifications and branding, before providing mechanical engineering, prototyping, analysis, manufacturing and build, test and commissioning.
Having operated for over 30 years, the company has become a respected specialist within its industry and has developed a long-standing client base, excellent in-house capabilities, and an extensive network of suppliers, partners, and specialists.
Having built up a highly reputable business, our client is open to a flexible sale structure, including onboarding a partner and completing a back-end buy-out to facilitate growth.
Key Highlights
- Operates in a vast range of industries, such as defence, special purpose machinery, medical, consumer products, space, automotive, and aviation.
- Currently works with circa 50 clients, 80% of which provide ongoing streams of reliable revenue.
- Can consult on one individual stage in the product design process or provide a full turnkey solution.
- Works collaboratively with the client to understand their technical and financial requirements.
- Utilises a highly skilled team of subcontractors dependent on project requirements, which provides resource flexibility to match requirements.
Financial Highlights
- YE23 turnover in excess of £581k with an adjusted EBITDA of £128k achieved within the same year.
- Steady gross profit margin, averaging 34% over the last three years.
- Projected figures indicate in excess of £824k, with an adjusted EBITDA of £228k for YE24.
- Recently acquired additional work for a long-standing client to supply parts for a genome sequencing machine, which is expected to generate between £150k and £225k per annum.
- The business has recently won an order to develop and deliver two lifting systems for a vacuum technology company, at a value of £160k, with an expected eight systems in the future.
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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