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CONFIDENTIAL
FOR SALE
627677
157741 / Rightbiz
Based in Southern England
Overview
The company services, repairs, and calibrates a wide variety of medical and laboratory equipment, including autoclaves, CO2 incubators, furnaces, low-temperature freezers, laboratory glass washers, and water baths.
The business offers a multitude of contracts, which are designed to suit an array of budgets and requirements, and are bespoke to each particular client.
Operating for over 30 years, the company has developed strong, long-standing relationships with a comprehensive range of clients, including NHS Trusts, the UK Government, and major UK universities.
Our clients are now offering the business for sale to facilitate their retirement plans.
Offers invited.
Key Highlights
- Works with universities, colleges, therapeutic organisations, cancer research institutes, veterinary institutes, and research and development companies.
- Currently has 177 active clients, all of which provide ongoing streams of reliable revenue.
- Has 235 contracts in place to service circa 4,400 laboratory instruments.
- ISO 9001 certified.
- Dedicated team of service engineers in place, capable of undertaking directorial duties post-sale.
- Operates from leasehold premises comprising an office, a workshop, and storage facilities.
- Plans to gain its ISO 17025 UKAS certification to allow the company to target more institutes for service contracts.
Financial Highlights
- YE24 turnover of circa £602k.
- Adjusted EBITDA of £146k achieved within the same year.
- 70% of revenue derived from contracts.
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
The data showed regarding this advert 'Independent Provider of Laboratory Equipment Maintenance Services - 157741 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.