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North East England-based RFID Tags and Readers Manufacturer for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    15/05/24

  • Advert ID

    611352

  • Reference

    156083 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £850,000 (£16,346 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

Manufacturer of Sophisticated RFID Tags and Readers

Based in North East England, the company is a manufacturer of performance-driven, touch-free RFID tags and readers for industrial and commercial use, operating internationally.

Priding itself on developing outstanding products, the company has created a sophisticated, market-leading, RFID long-range reader and has invested extensively in the research and development of its core technology, as well as maintaining ownership of all of its IP.

The business is now being offered for sale to facilitate investment in its growth strategy to take it to the next level.

Our clients are open to all types of structured deals, subject to terms.

Offers invited.

Key Highlights

- Is an exclusive UK distributor for a highly regarded brand that offers RFID equipment.

- Works with a range of prestigious clients across the UK, experiencing a high client retention rate.

- Circa 60% of prisons across the UK now utilise the company’s hands-free tagging system.

- Operates from leasehold premises.

- Is planning a large brand awareness campaign via sponsorship that is expected to considerably increase sales in 2024.

- Currently has a new RFID system in development that will provide a new and improved version of the technology to move the company forwards.

Financial Highlights

- Outturn of £850k for YE24 with an adjusted EBITDA of circa £190k.

- Has over £600k worth of potential orders in its current pipeline, whilst existing customers ordering replacement tags is expected to provide up to £700k in revenue in the coming year.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Manufacturer of Sophisticated RFID Tags and Readers - 156083 / 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.