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CONFIDENTIAL SALE
FOR SALE
611178
155487 / Rightbiz
Overview
Project Sierra provides a range of electro, chemical, and mechanical surface treatment services for metal parts, including anodising, electroplating, and paint spraying.
This is augmented by a variety of chemical and material testing services, including the non-destructive testing of finished parts.
Operating for over 20 years, the company benefits from a host of accreditations and has developed long-standing relationships with prestigious clients, predominantly operating in the aerospace and defence sectors.
Demonstrating its attention to detail and commitment to quality, the business operates a registered quality system to ISO 9001 and AS 91000 standards, and is Nadcap approved for chemical processing and non-destructive testing.
Having built a highly reputable business, our clients are now offering the company for sale to facilitate their retirement plans.
Offers invited.
Key Highlights
- Primarily focuses on clients in the defence and aerospace market, as well as serving clients in the marine, high-end commercial, industrial, and energy sectors.
- Currently works with circa 450 active clients, 70% of which provide reliable streams of ongoing revenue.
- Highly integrated IT and quality management system in place.
- Robust and experienced management team in place, with little oversight needed from the shareholders.
- Operates from leasehold premises, which houses all testing and treatment services.
- The introduction of additional complementary services, such as light assembly, kitting, and part making, would enable the business to become a one-stop shop for paint and testing services.
Financial Highlights
- YE23 draft figures indicate a turnover of circa £2.8m.
- Adjusted EBITDA in excess of £1m achieved within the same year.
- Average gross profit margin of circa 45% over the past five years.
- 80% of the company’s turnover derives from Southern England, with the remaining 20% being generated from clients across the UK, providing an ideal opportunity to expand geographically.
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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