Featured Brokers
CONFIDENTIAL SALE
FOR SALE
15/04/24
609789
150142 / Rightbiz
Situated in Northern England
Overview
Offered for sale is a service provider of all commercial catering and refrigeration equipment across the north of England and other regions across the UK.
The company also supplies all major brands of catering equipment.
The business’s prompt and efficient service, and stock availability, has enabled it to develop relationships with a multitude of clients across numerous sectors, many of which continue to return to the company for its high-quality offering.
Our clients are now offering the business for sale to facilitate their retirement plans.
Offers invited.
Key Highlights
- Signed fresh four-year contracts with providers in different industries.
- Offers subcontracting work to organisations and individuals outside of the north of England.
- Has had 300 renewed clients in the last year, and has circa 1,000 total clients, 95% of which provide ongoing streams of reliable revenue.
- CHAS and Constructionline accredited.
Offered as a fully relocatable opportunity.
Financial Highlights
- YE23 turnover in excess of £1.2m.
- Adjusted EBITDA of circa £297k achieved within the same year.
- Has recently signed a contract to provide another four years of service for 350 premises in the area, which will generate £100k per annum.
- A second contract has been signed with the same council to provide catering maintenance throughout the year, creating another £150k per year.
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 'Supplier and Maintenance Provider of Commercial Catering and Refrigeration Equipment - 150142 / 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.