FOR SALE
652795
Founded in April 2025, the business initially thrived under my leadership. However, by December, my focus shifted to my second company, which resulted in a decline in performance and profitability for this venture. As my dedication waned, the subcontractors grew increasingly dissatisfied, and the company struggled to maintain its momentum. Financially, the business faces some debt, which I have personally guaranteed; however, these liabilities will not be included in the sale. At one point, I was in the process of securing a lease for a commercial property to serve as a base for operations, a plan which can be pursued or cancelled depending on the needs of the new owners.
The business has been established for just one year, and I have owned it since its inception. Despite its brief existence, the business benefits from nearby amenities such as shops and restaurants that attract potential customers. However, it operates in a competitive landscape dominated by self-employed tradespeople, which can pose challenges. Although this business includes essential fixtures and fittings within the sale price, there has not been an increase in turnover over the past year.
Reasons for Selling
My decision to sell is rooted in a realignment of my professional focus. While I have poured significant effort into developing this company, my strengths and interests lie primarily in day trading, particularly in the industrial market. I am currently in the process of setting up an office environment for my trading team, which further diminishes my commitment to this business venture.
Operational Insights
The company currently employs three subcontractors, each skilled in their respective trades. It maintains an online presence, which can be leveraged for further growth. I am also willing to provide training to the new owners to ensure a smooth transition and ongoing success.
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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