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Finance And Services:

Sold. Importer/wholesale Distributor Of Quality Branded Commercial/industrial Cleaning Equipment

LISTING DETAILS
Firms For Sale ID:
34672
Vendor reference:
AP029
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£140,000  
Turnover / revenue:
£187,000
Net profit / cashflow:
Undisclosed
Years established:
25
Number of employees:
3
Employees / staffing:
Only one of the owners works in the business. He is Managing Director and works maybe 3 4 days a week in the business. The business also employs a full time member of staff who provides technical support as well as running the warehouse. The business also employs a couple of part time administrators/marketing personnel. The business is being sold as relocatable, hence there is no requirement for the new owner to keep the existing staff should they not require them, the vendors are happy to keep them to work in their other associated business.

OTHER DETAILS
Reason for selling:
The vendors are planning their exit with retirement pending. They also believe the business now needs a new injection of energy and business acumen to maximise the many, many opportunities it has available.
Support and training:
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to the new owner.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Importer/Wholesale Distributor of Quality Branded Commercial/Industrial Cleaning Equipment
Ref. AP029
Location : Relocatable
Asking Price : GBP OIRO 140,000 including stock at valuation ( in excess of circa 100,000)
The business is well established, incorporated more than 25 years ago by the vendors as an importer and wholesale distributor of quality commercial and industrial cleaning equipment to the UK market. During this time the business has developed its own brand and range of commercial cleaning equipment.
Their products include spares, accessories and complimentary consumables that it sells through a network of some 30 dealers spread strategically throughout the UK. The business has a comprehensive commercial product, offering pressure washers, sweepers, scrubber driers, steam generators and vacuums.
The business has built up a sterling reputation based on its consistent supply of very high quality branded products. Profitability has increased, with the advent of new products to the range. The decline in turnover has been down to the owners approaching retirement age, having other business interests and not being proactive in this business. Nonetheless, the vendors had further developed their exclusive supplier relationship last year. This lead to the introduction of some exciting new environmentally friendly products that should generate new sales and profitability in the future. There is a real opportunity to re establish lost turnover with the Dealer network that once supported purchases of over GBP 2 Million. The dealers are still very much on board the business just needs a new injection of energy to take it forward again.
All goods are high quality and CE marked. The business has been meticulous in its approach to quality control over the years, which has helped to build the brand. This is supported with strong technical back up and product warranties.

Expansion Potential
To build on and re develop Dealer Accounts offering them exclusivity of an alternative Brand to the Major players.

To develop alternative Routes to Market i.e. Direct Sales, National Accounts, Internet Sales

A new owner with sound sales experience will provide new levels of business acumen, impetus and energy and possibly a wider range of products to drive the company forward, thus exploiting the many existing business opportunities available.

Market / Competition / Non-Competition Agreements
The business has its own highly informative website and a suite of company literature including product catalogues and spares/consumables. It would certainly benefit from a new marketing push.