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CONFIDENTIAL SALE
FOR SALE
616048
152717 / Rightbiz
Project Venditio retails a comprehensive range of products, covering DIY tools and garden equipment; building materials and decorating accessories; household and pet products; stationery; and seasonal goods, such as outdoor furniture, festive decorations and fireworks.
The company operates with a network of 110 suppliers, ensuring a diverse product offering at competitive prices.
The business benefits from high volumes of repeat custom from resellers, trade organisations and the general public from within a 50-mile radius of the premises.
Our client is now offering the company for sale to facilitate retirement plans. Offers invited.
Key Highlights
- 26,000 active customers.
- Core customer relationships span 10 years.
- Has built strong, long-standing relationships with many resellers and tradespeople.
- Two candidates available who can absorb the exiting Directors’ duties, with a third capable of supporting the second-tier management team with further training.
- The premises, based in Northern England, retain vast scope for development through constructing extensions to the existing building and expanding the car park.
- Many of the UK’s wholesaling markets are expected to continue growing in the years to 2028/2029, placing the company in a prime position from which to take advantage of evolving sector and consumer trends.
Financial Highlights
- Generated a YE23 turnover of £3.6m, with an EBITDA of £844k.
- Average gross profit margin of 37% achieved between YE21 and YE23.
- Consistently exceeded pre-pandemic trading from YE21 onwards.
- Operates from freehold premises, which are valued at circa £2.76m and will be included in the sale.
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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