Lubrication And Cleaning Products With Conditioned Based Maintenance | | Undisclosed Suffolk | | LUBRICATION & CLEANING PRODUCTS WITH CONDITIONED BASED MAINTENANCE Established company selling lubrication oils, cleaning products and offering conditioned based maintenance Run from vendors' home in Suffolk but relocatable Operates as agent for well know | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69674
ADVERT IMPRESSIONS : 19,928 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | ASKING PRICE: | £59950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from vendors home in West Suffolk
Within easy driving distance of most UK based customers on the books
Re-locatable throughout the UK if required
HISTORY
Business established by the vendor working from home back in 1995
Founded as a business reselling oil lubricants and additives to industry with emphasis on personal service
Business founded as distributor for one branded range of products but other brands introduced
Excellent reputation for integrity and quality
Excellent relationships with quality customer base maintained
Website introduced
REASON FOR SALE
Retirement, although the vendor would be happy to assist with a handover in the short term
PRODUCTS AND SERVICES
Supply of friction reduction lubricants reducing wear and extending life of oil and machinery
o Oil additives
o Spray lubricants
o Grease
Oil analysis aimed at extending life of machinery and reducing lubricant consumption
Maintenance management consultancy
o Training of in-house staff
o Fulfilling requirements around ISO and QS
o Computerised maintenance management systems
Chemical cleaners
o Sales of cleaners and accessories
CUSTOMERS
Large number of regular repeat customers located throughout the UK but with East Anglian bias
Range in size from small independent engineering companies through to well known household names and PLCs
Range of industry sectors e.g. farming, taxi firms, injection moulding, food processing (not exhaustive)
Products are suitable for any company using oil or hydraulic fluids
Loyal, with high repeat rate
SUPPLIERS
Agent for UK based distributor of friction reduction products
Products sourced from approximately 30 other suppliers
STAFF
Run by vendor
TRADING HOURS
Office hours during the week
Occasional requirement for weekend work as customer demands dictate
FINANCIALS
Annual turnover £73,453 (2010)
Gross margin 41%
Adjusted net profit £21,515 (2010)
Stock holding approximately £16,000
PREMISES
Run from office at vendors home
Storage of stock in garden based lock up with racking and shelving appropriate to trade (included within consideration price)
STRENGTHS
Established business well known within the industry
Loyal and repeat customer base including prestigious blue chip clients
Various income streams into the business including lucrative consultancy work
Consistently profitable with reliable financial performance
Low overheads within rural location
SCOPE
Business development activity has been relatively limited with business run at a pace to suit lifestyle of vendor (turnover has been as high as £135,000 in the past)
Ideal starting point for experienced engineer seeking own business
Opportunities to explore additional niche markets
Appointing agents
TENURE
Run from vendors home and re-locatable throughout the UK
Rent and rates nil
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1223IP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
