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CONFIDENTIAL SALE
FOR SALE
616933
156798 / Rightbiz
The company provides fully managed IT solutions, utilising state-of-the-art, scalable technology to improve clientsā productivity, reduce expenditure and protect operations.
The businessās services encompass IT support, cybersecurity, cloud services, and telecommunications. These services are underpinned by high-level IT automation systems, ensuring seamless data flows, delivery and operating procedures.
Clients are retained on defined service plans which offer day-to-day IT management, cybersecurity, and a range of other advanced services, depending on the level of plan.
Our clients are offering the company for sale to facilitate their retirement plans. Offers invited.
Key Highlights
- Holds accolades with two prominent tech brands and is Cyber Essentials certified.
- Works with circa 160 active clients, supporting approximately 2,000 individual users.
- Operates sector-agnostically, providing services to industries such as financial, legal, manufacturing, marketing, healthcare and education.
- Primarily works within North West England; however, 10% of the revenue is generated by nationwide clients, presenting vast scope for geographic expansion.
- Exceptional client retention rates; clients have generally utilised the company for an average of eight years.
- Highly skilled team, including a second-tier employee who can absorb shareholdersā responsibilities.
- Operates from leasehold premises.
Financial Highlights
- Generated a YE24 turnover of Ā£1.46m, with an adjusted EBITDA of Ā£372k.
- Average gross profit margin of 70% since YE21.
- Approximately 84% of income is generated through recurring contracts, representing more than Ā£100k per month, Ā£50k of which is fixed-term contracts of more than a year.
- Regularly providing quotes for existing clients to increase their service plan level, as well as for one-off projects, and managing new sales prospects, leading to a steady pipeline.
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 Ā£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 Ā£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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