Featured Brokers
CONFIDENTIAL SALE
FOR SALE
29/04/24
610538
155569 / Rightbiz
Overview
Offered for sale is a medical specialist providing equipment in a niche market with the potential to supply existing products into other markets.
The company works with local authorities, the NHS, and public sector organisations to provide medical equipment.
Priding itself on its reliability, the business produces the majority of its own equipment. Alongside this, the business utilises dual suppliers for many of its other products and holds a high amount of stock as a buffer to ensure that the company can mitigate changes in the supply chain.
Having built an excellent reputation for delivering innovative solutions, the company continues to retain numerous large contracts due to its specialist knowledge and long-standing client relationships.
Our clients are now offering the company for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Works with local authorities, councils, and NHS England, across the UK and Europe.
- A variety of frameworks in place, which provide ongoing streams of reliable revenue.
- Has gained numerous accreditations, including ISO 9001 and ISO 14001, and is an approved MHRA wholesale dealer.
- Operates from warehousing, assembly, and office leasehold premises.
- Highly proficient team of sales operatives, warehouse operatives, and packers in place, who require minimal oversight from the directors.
- Significant scope to supply many of the company’s products to other medical sectors, such as the vaccine market.
Financial Highlights
- YE23 turnover in excess of £3.5m.
- EBITDA of £453k achieved within the same year.
- Gross profit margin of 22%.
- YE24 projections indicate a turnover of circa £4m.
- Over 80% of the sales value is with clients who have ongoing contracts.
- Has recently retained most of its large contracts for the next three-to-five years.
- Receives significant prepayments to supply products. Current prepayment stands at £326k.
- Asset register worth circa £150k included in the sale.
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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