FOR SALE
08/10/21
126
BMB10615 / Rightbiz
Business Overview
BuyMyBiz is exclusively retained to find a purchaser for this specialist property inventory & management services company. Over the past 10 years, our clients have built a solid and profitable business with a well-respected reputation offering a range of property inventory services. Working across London and the Home Counties, clients include private landlords housing associations, independent agents and some of the UK’s most notable letting agent chains.
Established Business
The business offers a comprehensive range of specialist digitally managed residential and commercial inventory services, including but not limited to:
• Inventory Reports
• Check-In & Check-Out Reports
• Mid-Term Inspections & Report
• Risk Assessments
• Smoke Alarm Fitting
Property Compliance Solutions
With new legislation being introduced into the letting market, the directors are now seeking an equity partner to expand the range of services becoming a ‘one stop shop’ compliance business for the UK property letting sector.
Reason for Strategic Partnership
Our client has built a solid business which is highly scalable and ready for the next phase of business growth. They believe the future growth of the business opportunity will be best realised by working with a complementary business, ideally an existing lettings / agency business, looking to set-up an ancillary service business to support its own clients as well as to support other agencies.
The Opportunity
Ideally, we seek an equity partner with the requisite experience and resources to help us take this business to the next level. Additional services to be offered will include;
%u2713 Handy Man Services
%u2713 EPC’s & PAT Testing
%u2713 EICRs & Remedial Work
%u2713 Gas Safety Report & Repairs
%u2713 End of Tenancy Cleaning
%u2713 Rubbish Removal
Deal Basis
We are looking to open discussions with existing businesses with a interest in the residential property management, maintenance and compliance sector. Our client will be happy to explore a minority or majority equity basis.
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.
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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.