Featured Brokers
CONFIDENTIAL SALE
FOR SALE
08/05/24
611015
155716 / Rightbiz
The company is a supplier of specialist vending machines designed for the farming industry. The machines incorporate contactless payments, allowing farmers to operate automated farm shops selling milk, dairy and other produce without associated overheads.
In addition to specialist machines, the company offers a range of ambient, refrigerated and frozen vending machines or storage lockers, which can be stocked with a variety of products, as well as coffee, smoothie and water dispensers.
Additional revenue is generated from the sale of associated products; rental agreements in place for various machines; maintenance and support services; and commission from contactless payments.
The shareholder is offering the business for sale to facilitate their retirement. Offers invited.
Key Highlights
- Exclusive UK distribution agreements in place with the manufacturers of its machinery, allowing it to benefit from an excellent share of the market.
- In-house manufacturing capabilities that have led the company to launch a series of additional machines.
- Caters to 150 customers at present. The majority of revenue is generated by the farming industry, with additional sales deriving from community shops, veterinary colleges and from the commercial sector.
- Approximately 80% of customers provide regular repeat business with some relationships spanning five years.
- Customers are predominantly based in the UK, with additional enquiries from Canada and the USA.
Operates from leasehold premises.
Financial Highlights
- Turnover of £674k achieved in YE23.
- Management accounts of £980k for YE24, with an adjusted EBITDA of £61k.
- 40% of revenue is driven by dependable or contracted business, including the sale of consumables and income from rented machines.
- Benefits from a steady number of enquiries on a monthly basis, with orders of £50k expected to be confirmed presently and £250k of outstanding quotes awaiting an outcome.
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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