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CONFIDENTIAL SALE
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622422
148886 / Rightbiz
The company’s core products and services include vehicle and asset tracking, digital radio solutions, and body worn cameras.
The business has developed its own platform, which allows users to track vehicles and assets in real time using a computer, tablet, or phone.
Predominantly operating in the aviation, construction, and infrastructure industries, the company has become a leading supplier of business
communications, having developed long-standing relationships with blue-chip firms due to its excellent standards of service. Our clients are now offering the business for sale to facilitate lifestyle changes.
FINANCIAL HIGHLIGHTS
YE23 turnover in excess of £2.3m.
EBITDA of circa £561k achieved within the same year.
Average gross profit margin of 59% between YE21 and YE23.
Management figures indicate a turnover of £2.4m in YE24.
Turnover expected to reach £2.8m in YE25.
EBITDA to reach circa £660k by YE25.
Software industry revenue is expected to grow at a compound annual rate of 3.5% to reach £49.1bn
KEY HIGHLIGHTS
Has worked with over 460 clients in the past operating year, 85% of which provide reliable streams of ongoing revenue.
ISO 9001 accredited.
Embraces work of all sizes and complexities, undertaking a diverse range of requests and working with a variety of demands to produce exceptional results.
Bespoke SaaS platform offers a comprehensive range of features and works with an extensive variety of tracking devices.
Long-standing relationships with prestigious suppliers in place.
Proficient and highly knowledgeable employees in place, supported by a robust second-tier management team.
Operates from leasehold premises.
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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