CONFIDENTIAL SALE
FOR SALE
09/10/23
600849
154882 / Rightbiz
Utilising its vast network of engineering personnel, Project Carnelian undertakes market-leading inspection services for all vehicles, from cars through to HGVs and agricultural plant.
The business’s services include assessments; accident reconstruction and fire-related investigations;
pre-purchase, mechanical breakdown and post-repair inspections; vehicle valuations and expert engineering advice.
The company has adopted many innovative technologies to advance its capabilities.
Our clients are now offering the business for sale to facilitate lifestyle changes. Offers invited.
Key Highlights
- Works throughout the UK, providing its sought-after services to clients operating in insurance, claims handling and other legal professions, as well as private individuals.
- Benefits from a continual stream of new, repeat and referral custom.
- Has secured ongoing contracts with numerous well-respected and buoyant organisations.
Directors willing to provide a handover period.
- Operates with a wealth of expertise, including numerous qualified Engineers.
- A fully relocatable opportunity.
- Ideally placed to take advantage of developments within the automotive TIC sector.
Financial Highlights
- Generated a YE23 turnover of £2.17m, with an adjusted EBITDA of £362k.
- Average gross profit margin of 68% between YE20 and YE23.
- Over 99% of income is generated through contracts, with the vast majority of active clients providing recurring revenue on an ongoing basis.
- Up to 80% of sales are attributed to existing clients, demonstrating the high levels of client loyalty in place.
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
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