Featured Brokers
CONFIDENTIAL SALE
FOR SALE
13/03/24
608189
155632 / Rightbiz
With a wealth of expertise and knowledge in supporting vulnerable young people, the company has built an exceptional reputation for the provision of support, guidance, training, and accommodation to young people across the north west of England who are leaving care.
The business provides a fully furnished home set up, and can offer different placement levels, depending on the needs of the young person in question.
The directors are offering their shares in the business to facilitate retirement plans.
Offers invited.
Key Highlights
- Provides group living, solo community, 2:1, and 1:1 placements.
- Currently works with local authorities across Lancashire, Cumbria, Blackpool, and Blackburn.
- Part of a North West tender group which guarantees referrals for work on an ongoing basis.
- Specialist team of support workers, psychotherapists, and administrators in place.
- Leases over 20 properties for young people throughout North West England.
- Scope for growth via geographical expansion into Manchester, Salford, and Liverpool, where the business has already received requests for its service offering.
Financial Highlights
- Generated a turnover of circa £3.2m in YE23.
- Adjusted EBITDA in excess of £133k achieved within the same year.
- Gross profit margin of 90%.
- 10-month management figures currently indicate a turnover of £3.17m.
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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