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CONFIDENTIAL SALE
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156083 / Rightbiz
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.
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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