Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/02/23
507618
153622 / Rightbiz
The company imports, stocks, and distributes a range of timber-based products across the Midlands, including MDF, decorative veneered boards, MFMDF, OSB, MFC, cut and edged panels, and chipboard.
Demonstrating its commitment to providing exceptional, responsibly sourced products, the company is certified by the FSC and the PEFC.
The business is now being offered for sale as part of our clients’ exit strategy.
Offers invited.
Key Highlights
- Experiences a high rate of return custom, as well as benefitting from a steady stream of new customers across the manufacturing, shop fitting, commercial, hospitality and marine sectors.
- Strong second-tier management team in place that can undertake many daily responsibilities with minimal oversight.
- Operates from freehold warehouse premises that are included in the sale.
- Scope to extend the company’s geographical remit across nearby regions to increase sales.
- Hiring a dedicated sales team could effectively attract additional customers.
Financial Highlights
- Turnover of £3.9m in YE22, with adjusted EBITDA £813k.
- YE23 annualised turnover of £3.8m.
- Owns property with an estimated market value of £2.3m.
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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