Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/05/24
610678
155979 / Rightbiz
The company is a an independent B2B consultancy and effectively a franchisor, specialising in providing expert advice and a free tendering service. This enables their clients to choose the most appropriate and cost-effective equipment supplier and service provider for their vending and drinking water requirements. The company’s clients are medium and large organisations within many sectors across the UK.
The business is now being offered for sale to facilitate the shareholders’ retirement plans and realise the true potential of the business (current owners have been semi-retired for many years).
The company benefits from a business model that operates with very low costs.
Our clients are open to all types of structured deals, subject to terms.
Offers invited for this somewhat unique organisation approaching the end of its second decade in business.
Key Highlights
- Excluding clients that generate a one-off income, the company has 86 active clients in place across more than 600 locations, all of which provide repeat business, with the longest relationship spanning 15 years.
- Vast number of sectors covered provides protection against a downturn in any individual sector.
- Strong, experienced workforce in place, including six franchisees who operate their own businesses independently of the parent company directors, requiring minimal oversight and at minimal cost to the company. No salary or expenses (cars, travel, etc) are paid to the franchisees.
- Fully relocatable opportunity.
Would benefit from recruiting a salesperson, account manager, and more franchisees. Alternatively, a new owner could change the business model, such that the new owners may consider an in-house employed team to develop the client base and retain 100% of the sales revenue, rather than 55% being retained by a franchisee.
Financial Highlights
- Turnover of circa £330k in YE24 with an adjusted EBITDA of circa £200k.
- Expected increase in turnover of 75% between YE20 and YE25.
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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