CONFIDENTIAL SALE
FOR SALE
29/04/24
610546
155414 / Rightbiz
The company specialises in the design, supply, and installation of M&E and refrigeration systems within retail, storage, warehousing, office, banking and other clients’ premises. In addition, the company offers refrigeration and air conditioning PPM and reactive maintenance services all year round, with a team of dedicated service engineers in place to provide 24-hour support.
Priding itself on its comprehensive in-house health and safety and auto computer-aided design (CAD) departments, the company has developed a reputation for excellence and has worked for a number of large main contractors on projects for prestigious and blue-chip organisations.
The company is now being offered for sale to enable our clients to realise the assured value of the successful company that they have built and facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Wide-ranging and diverse national client base, with the longest client relationships spanning two decades.
- Circa 10% of overall revenue is derived from a long-term secure contract agreement that has just been renewed for a further four years.
- NICEIC approved contractor, Alcumus Safe Contractor, F-Gas Refcom certified, and Avetta accredited.
- Operates from freehold premises that include several units that the company leases to third parties.
- Growth will come from building and developing existing accounts with major clients through continually challenging the company’s processes and overall costs to the client, whilst maintaining its high standards of workmanship.
- Continuing to raise the company’s profile within the industry as a preferred nominated contractor will facilitate ongoing expansion.
Financial Highlights
- Turnover of £3m in YE23, with an adjusted EBITDA of £340k.
- Forecast turnover for YE24 of £4.6m with an adjusted EBITDA of £640k.
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
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