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CONFIDENTIAL
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634847
158415 / Rightbiz
Based in the West Midlands
The company primes and paints parts for the automotive sector, utilising state-of-the-art technology and high-quality equipment to offer a premium, bespoke service.
The business offers top coating, refinishing, colour coding, and priming for a large client base of manufacturers and parts suppliers, with its services also aiding waste reduction and reducing recycling costs.
The company has the ability to take new painted moulded fails and return them back to saleable original equipment manufacturer (OEM) standard, reducing scrap and the need to remould replacements.
As one of the few established companies operating in this niche sector, the business has built an exceptional reputation through working with high-profile manufacturers and suppliers, building a strong workforce, and investing in the highest-quality technology and facilities.
The shareholders are offering the company for sale to facilitate their retirement plans.
Offers invited.
YE24 turnover of £440,000, with an adjusted EBITDA of £183,000.
Has an ongoing contract with a major manufacturer, expected to reach a total value of circa £250,000.
Awaiting confirmation for a variety of projects, which could bring the business over £1.1 million in revenue.
Has built strong, long-standing relationships with blue-chip organisations and prestigious automotive manufacturers.
Currently works with six active clients, including tier 1 and tier 2 automotive parts suppliers.
60% of clients provide repeat business.
Generates recurring revenue through an ongoing contractual agreement and several open purchase orders.
Senior management team in place, that can continue operations post-sale.
Operates from leasehold premises, which include a purpose-built state-of-the art workshop and premium-quality in-house facilities to meet the requirements and deadlines of all types of projects.
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
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