London-Based Commercial Plant Display Business with High Recurring Revenue for Sale
City of London, London
- Status
FOR SALE
- Advert ID
628051
- Reference
MC/PLADIS / Rightbiz
- Call Agent:
- Asking Price: £750,000
- Turnover: £550,000 (£10,577 per week)
- Profit: £200,000 (37% Profit margin)
Key Features
- Established Business
- Home Based
- Attractive Business
- High Turnover
Business Details
Provider of Ongoing Plant Displays to Commercial Premises With Strong Levels of Recurring Revenue
Established around 20 years ago, this business has developed a strong reputation providing soft internal and external landscaping, including window boxes, hanging baskets, flowerbeds and internal tropical plants. While its services cut across all commercial sectors, its primary client base is within the hospitality sector and commercial office space.
The business prides itself on the longevity of its client relationships. The revenue base is strongly recurring, with clients initially contracted for 12 or 24 months, and a subsequent 3 month notice period. For around 75% of clients, this also includes rental of planters. Should a client wish to give notice, in addition to losing the planters (and plants), they are also required to pay a removal fee. This coupled with excellent service ensures that the business rarely loses clients.
Predominantly covering west, south and central London, the business has 4 employees. The team has many years of service which both ensures quality of service and allows it to create enduring relationships with clients. Plants and other materials are typically sourced daily / as required, which allows the business to be run from a home office.
The company has grown entirely organically, through recommendation and quality of delivery, without the requirement to advertise. The growth has been delivered while maintaining gross margin, demonstrating a robust business model. Revenue for the year ending March 2024 was £550k, delivering an adjusted EBITDA of c £200k and this is forecast to be similar in the current year.
The Guide Price sought by the Vendors for 100% of the shares of the Company is £750k. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £50k. The business will be an attractive acquisition for larger trade buyers, potentially looking to extend their geographic reach, market share, or range of services. It will also appeal to individuals looking for a robust business and who can bring additional management expertise to manage the growth opportunities.
The vendor will provide appropriate handover support.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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
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