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CONFIDENTIAL
FOR SALE
636502
158254 / Rightbiz
The company is a provider of comprehensive vehicle recovery and roadside assistance services, predominantly working with clients across the West Midlands and offering nationwide coverage.
To support its year-on-year growth, the company has continually invested in the development of its fleet, now comprising over 30 vehicles, and is held in high regard within its region for the efficiency and reliability of its offering, facilitating the development of a loyal, prestigious client base.
The owner is now offering the company for sale to facilitate their pursuit of alternative, unrelated ventures.
Key Highlights
- Provides support for all types of cars, vans, bikes, lorries and commercial vehicles, operating on a 24/7 basis.
- Offers a range of specialised services, several of which are unique in its region, positioning the company as the go-to supplier for critical and complex recoveries.
- Prestigious, long-standing client base, primarily consisting of local authorities, insurance companies, government agencies, garages and the general public.
- Currently works with over 400 active clients, several of which retain its services on a contractual basis, with numerous relationships spanning over 10 years.
- Highly experienced management and operational teams in place, capable of managing and growing the business independently, post-sale.
- Operates from several strategically located leasehold premises in the Midlands.
Financial Highlights
- Achieved turnover in excess of £6.25 million in YE24, with an adjusted EBITDA of circa £2 million.
- Owns a wealth of assets, including a fleet of over 30 vehicles with a collective cost in excess of £3.6 million.
- Turnover and adjusted EBITDA have risen year-on-year, supported by a number of ongoing, long-term contracts with prominent clients.
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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