Featured Brokers
CONFIDENTIAL SALE
FOR SALE
18/04/24
610016
150009 / Rightbiz
A distinguished industry frontrunner offering high-end, specialist IT training courses. The client has effectively adapted to the evolving landscape of the training sector influenced by the Covid-19 Pandemic, while upholding the quality of the courses and maintaining its renowned standards of ongoing customer service.
Excellent potential for growth through expansion of the company’s course portfolio, geographic expansion, larger sales force, and additional marketing. An organisation with a larger network of existing customer connections, broader outreach, and greater sales and marketing proficiency stands poised to achieve accelerated and more robust growth compared to the current conservative predictions. This can be accomplished while attaining profit margins higher than anticipated by optimising capacity utilisation.
The highly experienced and long-established team are fully retainable after the sale. Although the retiring shareholders anticipate that their services may not be necessary for an extended period, they remain flexible regarding the transition process.
Key Highlights
- Established and highly esteemed brand for 30 years.
- Long-standing customer relationships spanning 25 years, providing 45% repeat business.
- Overall customer satisfaction rating of 96%.
- Public and closed courses; in-person and virtual classroom.
- Live Virtual Instructor-Led Classroom training providing a global reach.
- 180 highly respected proprietary courses covering specialist IT skills crucial for digital transformation.
- 200 third-party IT skills development and project management courses with scope for expansion.
- Successfully modified strategies and operations to meet the shifting market demands prompted by the Covid pandemic.
- Sales, operational and training teams fully retainable, alongside flexible owner handover.
- Fully relocatable opportunity.
Financial Highlights
- Turnover of £1.59 million in 2023 with an adjusted EBITDA of £535k.
- Turnover projected to reach £1.25 million in YE24.
- Adjusted EBITDA rose by over 753% between 2020 and 2023.
- Average gross profit margin of 45%.
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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