Featured Brokers
CONFIDENTIAL SALE
FOR SALE
01/11/23
602033
155058 / Rightbiz
BASED IN THE MIDLANDS
The company is an importer and supplier of hardwood products, catering primarily to sofa and bed manufacturers. Its products include birch frame stock, plywood, hardboard and bespoke furniture kits, and polished beech furniture feet.
Operating nationwide, the company has an extensive client base, which includes some of the UK’s most well-known furniture manufacturers. Several of these clients have factories close to premises, enabling our clients to respond quickly to demand.
The shareholders are offering the company for sale to facilitate retirement plans and to realise the assured wealth derived from the existing business.
Offers invited.
Key Highlights
- Caters to over 40 active clients, all of whom provide regular, repeat business, with some of its relationships spanning 10 years.
- Operates in a niche market, with its lean business structure allowing it to function with relatively few overheads and achieve higher profit margins than its main competitors.
- Accredited by the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC), both of which demonstrate the quality of its products.
- Operates from leasehold premises.
Financial Highlights
- Turnover of £7.7m.
- EBITDA of £525k.
- Turnover forecast to rise to £8.5m in YE24, with a EBITDA of £675k.
- Turnover growth of 96% since YE19.
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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