Freehold B2B Wholesaler Sales and Service of Commercial Industrial Vacuums, Cleaning Machines & Domestic Appliances
Ref. AE052
Location Cumbria
Asking Price £385000
Business Profile
This very well established and successful commercial sales and service business has been trading in the region for well over 50 years. The company has built up a sterling reputation in the county and a loyal blue chip commercial customer base who appreciate the high quality industrial equipment the company supplies.
The company supplies and services industrial, commercial and domestic vacuums, polishers, steam cleaners, sweepers and scrubber dryers, as well as standard domestic appliances (on a B2B basis). It has excellent supply agreements with major manufacturers including Nilfisk and Numatic. Approximately 66% of sales are for cleaning/vacuum machines with the remainder of sales being domestic type appliances that are sold on a commercial basis to its business customers. The business also does a very small bit of retail (more due to the fact that the business is located in the town centre but this could be easily expanded should a new owner wish to pursue further).
The business has two core revenue streams. Approximately 50% of revenues are via sales of the machines and the other 50% is via ongoing serving and maintenance of such machines. The business has two fully equipped vans that enable it to service and maintain customers equipment efficiently and professionally.
The business benefits from having very limited direct local competition due to the fact that it provides customers with a comprehensive sales and after-sales service.
The business can boast a very impressive and loyal customer base and currently has circa 200 active commercial customers. Clients include large blue chip organisations, county councils, borough councils, care companies, hospitals, schools, care homes and hotels.
The business has a good team in place and achieves consistent, profitable results. The business is being offered for sale including the freehold premises. The property represents an opportunity in itself in that it is located in the town centre and could be redeveloped to build a new residential development should a new owner so wish. (The business could easily be relocated with minimum disruption).
Freehold is valued at circa £265,000. However the vendor would consider selling the business on a leasehold basis, or for the business to be relocated, if required, subject to negotiation.
Equipment:
The company utilises computer packages to run the business. It also has a fully equipped service van as well as workshop equipment that enables the engineers to carry out the delivery, servicing and maintenance of customer machinery. All equipment is included within the sales price.
