Featured Brokers
CONFIDENTIAL SALE
FOR SALE
07/02/24
606385
154851 / Rightbiz
The company is a highly respected provider of person-centred support services, specialising in supported living and community support services for individuals in the UK.
Operating on a regional basis, the company has earned an excellent reputation for the quality of the services that it provides and the strength of its workforce, which has enabled it to secure a number of significant, long-term framework agreements with local authorities.
The shareholders now offering the business for sale as they explore potential exit plans, presenting an ideal opportunity for a buyer to acquire a successful company that retains ample scope for further expansion.
Key Highlights
- Specialises in supported independent living, personal care and community support services for adults aged 18 and 65 years old with autism, learning difficulties or mental health illnesses.
- Also offers services catered to children aged between 14 and 17 years old to support their transition to adult services.
- Currently works with several local authorities through long-term framework agreements, providing a consistent stream of business, with 75 active service users.
- Operates on a regional basis, having secured a significant market share within its core geographic region.
- Highly experienced management and directly employed support staff in place, capable of managing the business on a largely independent basis, post-sale.
- Operates from several leasehold premises, including a dedicated head office and several residential/support properties.
Financial Highlights
- Turnover of circa £3.6 million in YE23, with an adjusted EBITDA of £570k.
- Turnover projected to rise to £5.1 million in YE24, with adjusted EBITDA also expected to increase to circa £1.1 million.
- The company has achieved consistent year-on-year growth across the last three years, with turnover and adjusted EBITDA increasing by 268% and 736%, respectively, between YE21 and YE23.
- Benefits from long-standing framework agreements with local authorities, ensuring that future revenue is secure.
- Strong pipeline in place for the coming year, with a combined total of over 4,800 projected hours’ work each week across several sites, equating to projected annual revenue of circa £2.9 million.
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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