Featured Brokers
CONFIDENTIAL SALE
FOR SALE
04/10/23
600672
154075 / Rightbiz
The company is a a school marketing and edtech company specialising in the creation of attractive and functional websites and communication tools for schools and multi-academy trusts.
Throughout its time in operation, the company has developed an excellent understanding of the specific needs of the education sector. This is reflected in its purpose-built content management system (CMS), which has been developed based on feedback from users.
Operating nationwide, the company creates attractive, responsive and secure websites for a range of education settings and budgets, ensuring that all statutory information is included and easy to find.
The shareholders are offering the company for sale as part of their medium-to-long-term exit plan.
Offers invited.
Key Highlights
- Track record of creating unique, innovative tools to help schools
- Additional revenue is generated by ancillary services, including photography and video; logo design and branding; mobile apps; and website audits.
- Benefits from a high volume of repeat business through its annual licensing and support fees, with some client relationships spanning 10 years.
- Shareholders are willing to remain with the company post-sale, enabling it to move forward from a position of strength.
- Operates from leasehold premises in London, but could be run from any location in the country as a fully remote operation.
- Growth could come from the exploration of new client relationships and the continued development of new tools for its CMS, with scope to introduce integrations with other EdTech software.
Financial Highlights
- YE23 turnover of £1.14m, with an EBITDA of £615k.
- Forecast to generate a turnover of £1.45m in YE24, rising to £1.64m in YE25 and £1.85m in YE26.
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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