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CONFIDENTIAL SALE
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623860
156480 / Rightbiz
The company provides roadside assistance, vehicle recovery and garage workshop facilities, utilising a diverse, varied fleet of specialised vehicles to provide rapid support to clients based across South East England.
Operating on a regional basis, the company boasts an exceptional geographical presence, operating from two strategically located sites and providing dependable, 24/7 support across its core operational areas.
Having continually invested in the development of its fleet, ensuring its compliance with LEZ, DVS and congestion zone charge requirements, the company has effectively futureproofed its operations, whilst ensuring that it stands apart from its competitors.
Our client is now offering the company for sale as part of their retirement plans.
Key Highlights
- Provides a broad range of roadside support and recovery solutions for all types of vehicles, with specialist in-house expertise in managing challenging jobs.
- Predominantly works with breakdown providers, vehicle salvage companies, car dealerships and local authorities, benefitting from diversified revenue streams.
- Strong presence in several counties in South East England, maintaining direct, long-standing relationships with prominent clients across the region, several of which span over 25 years.
- Highly experienced and loyal management team in place, all members of which will remain in place, post-sale. The team possesses the skills and drive required to manage and grow the business on an independent basis.
- Operates from two well-connected leasehold premises in South East England, providing excellent coverage across the region. Both sites feature full workshop facilities and extensive vehicle storage spaces.
Financial Highlights
- YE23 turnover of circa £3.5 million with an EBITDA in excess of £1 million.
- 111.6% increase in turnover from YE20 to YE23, with EBITDA having increased by 230.5% during this time period.
- Future revenue is secure, with all of the company’s largest clients continuing to provide reliable, recurring income each year.
- No reliance on any key clients, with no specific account providing over 16% of turnover in the last year.
- The company has heavily invested into the development of a large fleet of standard and specialised vehicles, possessing assets collectively valued at circa £1 million.
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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