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Sun, Sep 27 2020 01:54:39 AM  |  /

Manufacturer of Washing Up Liquids and Detergent Products in the South East

Business Id:000413     |    Reference: IB015
Price:
£315,000.00
Business Description

Manufacturer of Washing Up Liquids and Detergent Products in the South East
Ref. IB015
Location : South East
Asking Price : £315,000

The time however has come where the present owners wish to retire and hand over the reins to someone with the necessary enthusiasm to take advantage of the significant expansion opportunities that are available.

The client base is long standing and consists of wholesalers to the catering, janitorial and cash & carry sectors. They either order weekly, monthly or bi-monthly. Given the relationship, most customers are given trading terms and a small number pay on delivery.

All products are manufactured on-site and the majority of deliveries are made by the company’s own driver.

 
Business Information
Turnover:£1,168,000.00 Annually
Is this business relocatable: No
Business Sector: Manufacturing businesses, Miscellaneous businesses, Plastics & chemical manufacturing companies
Statistic Information
Total Views:
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Business Profile
Equipment:
Key strengths: Trading for over twenty five years, the business brand is obviously a major asset. The lengthy trading history and excellent client relationships are both major strengths to the business. With such a dominant market position and quality products with unique formulations, the business is able to price to a premium. This has provided a unique trading position which has been consistent over the years. The business is very well established and all processes are streamlined, allowing for an easy to manage operation that is now ripe for expansion.
Key Opportunities:
Financial performance: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover is in excess of £1 million but with considerable opportunity to be increased. The intention is for this to be an asset and goodwill sale and the asking price is £315,000+ an amount equivalent to the Net Assets which on a zero cash-zero debt basis are expected to be c£60,000
Asking Price: £315,000
Advertising and Marketing:
Growth and Expansion: The business has some 70 long-standing customers within the M25 and no attempts have ever been made to expand this customer base or geographic reach. Should a new owner move the business to larger premises then turnover and profitability could be greatly increased.
Premises: The premises are held on an expired lease and the business must be relocated.
Business Hours: The factory is normally open five days per week from 8am to 4.30pm but due to current trading demands it is also open on Saturday mornings.
Employees: The owners are a husband and wife team with the husband acting as factory manager overseeing day to day production and the wife dealing with the books and administration. Excluding the two owners the company employs 5 employees (1x driver, 1x manufacturi
Support and Training: Support and training will be provided for a period of time to be negotiated at the time of sale.

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