Featured Brokers
CONFIDENTIAL SALE
FOR SALE
08/05/24
610993
155766 / Rightbiz
Operating for over four decades, the company provides tarmac surfacing, block paving and other related minor civil works, catering to the housebuilding and wider construction sectors in Yorkshire and the East Midlands.
Specialising in both machine and hand laying of asphalt, the company provides a fully scalable service that meets the requirements of projects of all sizes, maintaining a high level of quality and safety at all times.
Having developed an excellent industry reputation, the company now benefits from long-standing relationships with some of the largest operators within the housebuilding sector, including several well-known blue-chip clients, all of whom provide regular repeat business.
The business is being offered for sale to facilitate the retirement of the shareholders.
Offers invited.
Key Highlights
- Annual tonnage of over 30,000 per annum.
- Caters to over 40 clients on a regular basis, with some relationships spanning over 40 years.
- Strong asset list featuring vehicles with a new book value of £174k.
- Accredited by ALCUMUS, CHAS, SMAS and PQS.
- Experienced second-tier management team in place, many of whom have over 30 years experience.
- Operates from freehold premises, which may be included in the sale on a freehold or leasehold basis.
Financial Highlights
- Turnover of £5.5m achieved in YE23, with an adjusted EBITDA of £394k.
- YE23 turnover includes a one-off project with a sale value of £695k, which the company does not expect to expand on.
- YE24 forecast of £4.65m, with an adjusted EBITDA of £320k.
- Current pipeline of £500k.
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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