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656951
510740 / Rightbiz
Offered for sale are two companies specialising in the synergistic retail of guitars and ancillary musical equipment.
The first business operates online prize competitions, giving customers the opportunity to win high-value guitars and premium musical equipment, whilst the second business buys, sells, and consigns premium, vintage, collectable, and artist-owned guitars, operating online and via a physical store.
The two businesses operate synergistically, sharing a customer base and sourcing the majority of competition prizes through direct acquisitions from private sellers.
The company is offered for sale to facilitate further growth under the impetus of new ownership.
Established dual-brand business model creates multiple revenue streams and cross-selling opportunities.
Approximately 15,000 active customers, 1,500 repeat competition entrants each week, and customer lifetime value exceeding £120.
Has a proprietary app for its competition entity, which accounts for 10% of competition entry revenue.
Experienced in-house management capable of overseeing operations post-sale.
Consistent new customer acquisition, with circa 50% of annual sales generated from new customers.
Growing international presence, with an established customer base in the US and 40% of one companys’ sales generated outside the UK.
High-quality inventory sourcing model, receiving 500-700 inbound enquiries every month from individuals looking to sell guitars.
Preferred Seller status on Reverb.com and signatory of the Voluntary Code of Conduct for prize draw operators.
Combined turnover of £1.9m in YE25.
Consistent year-over-year turnover growth since inception across both companies.
Offers invited.Â
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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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