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CONFIDENTIAL SALE
FOR SALE
615436
156516 / Rightbiz
The company is a supplier of vending machines and their contents to clients nationwide, also offering a regular maintenance service. Services include the sale and lease of new / refurbished machines, the wholesale provision of ingredients and contents, and technical support and equipment management services.
Benefitting from an excellent reputation, the company has established strong relationships with blue-chip clients from across a diverse range of sectors, including the NHS and two local county councils, with which it holds long-standing contracts.
The company is being offered for sale due to the managing director’s personal circumstances.
Offers invited.
- Provides tabletop and freestanding machines that vend hot and cold drinks, ready meals, snacks and fresh / frozen goods, alongside all content and ingredients.
- Machines and contents can be sold on a self-fill or fully maintained option, with the latter including restocking , cleaning and repairing of the machines.
- Caters to 90 customers across the healthcare, education, sport and leisure, commercial, industrial and public sectors, with 95% of revenue generated from contracts.
- Experienced second-tier management team in place, with a managing director who would be willing to remain with the business on a reduced capacity, post-sale.
Financial Highlights
- Management turnover of £946k, with an adjusted EBITDA of £178k.
- YE22 turnover of £918k, with an adjusted EBITDA of £130k.
- Pipeline for 2024 is currently valued at £50k.
- In addition, the business expects to sign a new contract with an existing client in 2025 that is set to generate in excess of £500k.
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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