CONFIDENTIAL SALE
FOR SALE
08/05/24
611008
156011 / Rightbiz
The company has assembled a wide product range comprising in home careline alarms, fall detectors and epilepsy monitors, which are designed to detect and alert a 24/7 monitoring centre in the case of any incidents. The business utilises a subscription service model, which has established profitable, ongoing revenue streams
The company operates within the elder care marketplace, which offers substantial long term growth opportunities with very low exposure. The market currently has over 1.2 million careline alarm users in the UK, which is forecast to grow dramatically over the next few years. Our clients are now offering the business for sale to facilitate further growth under the impetus of new ownership. Offers invited. Generated a turnover of £2.1m in YE23, with an adjusted EBITDA in excess of £661k. Turnover for YE24 is forecast at £2.4m, with an adjusted EBITDA of £920k. Maintained a net profit margin of 64% in YE23, achieving over £1.3m in gross profit. Over 65% of monthly income is derived from ongoing customer contracts, generating £1.4m in revenue over the last 12 months. Consistently strong performer, attracting over 10,000 online visitors per month, connecting over 400 new customers and achieving a conversion rate of over 2.5%. Core customer base is domestic, with new channels being opened up in local authorities, retirement developments, and care homes. Enjoys an enviable Excellent 4.7 customer service rating on Trustpilot. Established strong relationships with industry-leading manufacturers. Benefits from extensive endorsement from its brand ambassador, who has worked with the company for 10 years. Operates from leasehold premises.
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
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