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CONFIDENTIAL
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620411
156883 / Rightbiz
Based in the West Midlands.
The business produces high-quality fire logs and retails them locally through online sales.
The business is also part of the domestic renewable heat incentive (RHI), which will bring in a guaranteed income of over £500k per annum for the next 10 years.
Benefits from 223 active customers, 70% of which provide reliable repeat business.
The business has eight Hargassner 199KW, all of which have 10 years remaining on the RHI Scheme.
There is a dragon boiler on site which could be used to generate circa £80k in additional revenue.
Strong reputation in the company’s region due to the quality of its products.
95% of sales are derived from e-commerce, with an online visitor conversion rate of 76%.
Scope to grow substantially by investing in a marketing team.
Could invest in a further two 500KW boilers, which could increase efficiency by 50%. The owner has boilers for sale with 11 years remaining on the RHI scheme which could be purchased and relocated to the business’s site.
A member of the Renewable Energy Association.
Secure income via the RHI regime.
Operates from leasehold premises.
YE24 turnover of £483k with an adjusted EBITDA of £48k.
Average gross profit margin of 79% between YE21 and YE23.
Our client is offering the business for sale to pursue other, unrelated business ventures.
Offers invited.
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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