Importer/wholesale Distributor Of Quality Branded Commercial/industrial Cleaning Equipment for Sale
Relocatable : £ 140,000
There are no premises associated with the sale - the business is truly relocatable.
Importer/Wholesale Distributor of Quality Branded Commercial/Industrial Cleaning Equipment
Location : Relocatable
Asking Price: 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 £2Million. 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.
The company has built an impressive dealer network over the years but is under-utilising this highly valuable sales tool at time of going to market. This brand gives the 30+ dealers exclusivity in their own area, for a real price competitive alternative to the major players in the commercial cleaning equipment industry, not to mention a healthy profit margin. The business needs a new injection of energy and business acumen to further develop this direct route to market that has previously generated some £2Million in sales to the company in the past. It is only scratching the surface at present. We are advised the UK market for Pressure Washers alone is worth circa £30 Million, and Floor Care a further circa £77 Million- and this is just 2 of the product ranges this business provides!
The business is currently being marketed as relocatable. Vendors are happy to retain the current staff for their other associated business interests should a new owner not require them, so it could easily be relocated anywhere in the UK. This would not disrupt the customer base as its dealers cover England, Scotland, Wales and Northern Ireland.
||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.