CONFIDENTIAL SALE
FOR SALE
21/02/23
508711
153634 / Rightbiz
Operating throughout the Midlands and Northern England, the company supplies a comprehensive range of flooring products, accessories and coverings on a wholesale basis through its on-site trade counter, via in-person deliveries and site visits, and online.
Utilising numerous relationships with brands and manufacturers, the business offers underlays, profiles, skirtings, tools, luxury vinyl tiles, laminate, carpets, sheet vinyl, and artificial grass.
Next-working-day deliveries are made using the company’s fleet of distribution vehicles.
Our clients are now offering the company for sale to realise the assured value of the existing business, whilst facilitating further growth under the impetus of new ownership. Offers invited.
Key Highlights
- Works with regional flooring retailers, contractors, independent tradespeople and private individuals, with nationwide sales made through its e-commerce platform.
- Has established many long-standing relationships, several of which span over a decade.
- Dedicated and proficient team in place, and a candidate has been identified to absorb some of the Directors’ responsibilities.
- Directors willing to remain in operational roles, or provide a handover period.
- Operates from large freehold premises that are included in the sale.
Financial Highlights
- Generated a turnover of £4.16m in YE22.
- Achieved an adjusted EBITDA of £581k in the same year.
- Turnover is forecast to reach £4.2m in YE23 with an adjusted EBITDA of £585k.
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 SolicitorThe data showed regarding this advert 'Supplier of wholesale flooring products - 153634 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.