Featured Brokers
CONFIDENTIAL SALE
FOR SALE
27/11/23
603186
155046 / Rightbiz
The company is an independent, trusted fostering agency that has developed strong relationships with local borough councils in and around London and operates as an outsourced function of local Government agencies’ Children Services.
Having secured a strong foothold in a high barrier to entry industry, the company prides itself on its diverse demographic of foster carers. In addition, the business specialises in placing teenagers, mothers and babies, and unaccompanied asylum-seeking children, placements for which are highly sought after by local authorities.
Our clients are open to all types of structured deals subject to terms.
The business is now being offered for sale to facilitate other, unrelated business interests.
Offers invited.
Key Highlights
- Rated Good by Ofsted and is a member of the BAAF, the NAFP, and Foster Talk.
- Particularly well-known for its recruitment of BAME foster carers.
- Generates highly targeted leads through unique marketing campaigns to attract high-quality foster carers.
- Operates within an industry in which demand far outstrips supply, with a further 7,200 fostering families required over just the next 12 months across the UK; this increases each year.
- Agreements in place with all London boroughs and is approved to work with all local authorities across England.
- Receives up to 150 calls and emails each day from local Government agencies looking to place a vulnerable child.
- Operates from leasehold office premises that could easily be relocated.
- Currently planning to extend its reach into the wider London area, Liverpool, and Manchester, to assist more local authorities with foster care placements.
Financial Highlights
- Turnover in excess of £1m in YE23 with an adjusted EBITDA of £81k.
- YE24 11 months management turnover of £1.2m.
- Strong forward revenue visibility from set local authority funding amounts per child placement.
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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