Featured Brokers
CONFIDENTIAL SALE
FOR SALE
25/10/23
601668
154575 / Rightbiz
The company’s offering encompasses many aspects of clients’ connectivity, with each solution scalable to evolving requirements. The business’s activities include, but are not limited to, MPLS, SD-WAN, LAN, various internet networks, and hardware solutions.
End-to-end managed services are delivered, incorporating system management, network monitoring, support and analysis.
Our clients are now offering the company for sale due to the CFO’s other business commitments. Offers invited.
Key Highlights
- Operates as an approved partner for two prominent brands within the sector, also working in collaboration with other market leaders to realise client specifications.
- Provides its services nationally, with clients in place across the construction, social housing, FinTech and software industries.
- Has maintained long-standing client relationships, some of which span over six years.
- Wealth of expertise in place, with a candidate having been identified to absorb a shareholder’s network engineering duties.
- Other active shareholders willing to remain operational, post-sale.
- Operates from leasehold premises based in North West England, which can accommodate further staff.
- In a prime position to take advantage of ongoing sector developments.
Financial Highlights
- YE24 10 month management turnover of £759k.
- Draft YE23 turnover of £981k, with an adjusted EBITDA of circa £140k.
- Circa 80% of active clients provide reliable, repeat business.
- Approximately 90% of the company’s revenue is derived from existing clients.
- Strong pipeline in place for YE24 and beyond, worth circa £130k. A new client is in the early stages of being onboarded, which is anticipated to generate additional professional services engagement and hardware sales.
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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