Featured Brokers
CONFIDENTIAL SALE
FOR SALE
30/03/21
274496
146427 / Rightbiz
The company is a commercial body shop, offering vehicle maintenance services and repairs to clients within the commercial sector.
Services include the repair of trucks and trailers, refurbishment, insurance works collection and delivery, chassis straightening and painting.
The company carries out all repairs including, sidewalls, bulkheads, new roofs, fitted curtains and specialist fridge pairs.
The shareholder is offering the business for sale as they wish to undertake alternative business opportunities within unrelated sectors. Offers invited.
Key Highlights
- Undertakes a large portion of works for rental companies and accident repairs, specialising in heavy commercial vehicles, vans and trailers.
- Over 90% client retention, with clients including Dawson Rentals, DHL, Kuehne & Nagel, Aviva and Ryder Plc.
- Operates from a leasehold 7,000 sq ft property based in the Midlands, close to southern counties.
- Gained both Fleetwatch and Chereau approval in the last 7 years.
- Ideal opportunity for credit brokerage or leasing company to diversify their current customer base.
Financial Highlights
- YE23 turnover of £1.61 million, with an adjusted EBITDA of c£735k.
- Shareholder funds in excess of £2 million in the same year.
- Average gross profit margin of 68% between YE20 and YE23.
- From YE20 to YE23, the adjusted EBITDA margin was 40%.
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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