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CONFIDENTIAL SALE
FOR SALE
11/01/24
604901
155185 / Rightbiz
The company is an electrical contracting business that serves the commercial and industrial sectors, primarily carrying out retrofit and fit out works for high-street store, restaurants, nurseries, and hotels.
Demonstrating its commitment to providing exceptional services, the company is NICEIC certified.
The company is now being offered for sale to facilitate retirement plans.
Our clients are open to all types of structured deals, subject to terms.
Offers invited.
Key Highlights
- Has developed strong, long-standing relationships with a number of construction clients that provide reliable, repeat business.
- High client retention rate with the longest client relationship spanning two decades.
- Operating for over four decades.
- Strong second-tier management team that can undertake most daily operations independently, providing a turnkey acquisition.
- Operates from freehold premises.
- Ideal bolt-on acquisition to enable a larger organisation to take advantage of the vast number of projects that the company turns down due to operating at capacity. Alternatively, hiring additional skilled staff would enable the company to fulfil these requests.
Financial Highlights
- Turnover of £1.9m with an adjusted EBITDA of £300k.
- Forecast to achieve a turnover in excess of £2m in YE24 with an adjusted EBITDA of circa £450k.
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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