Lubrication & Cleaning Products With Conditioned Based Maintenance
Business Type:
Retail businesses, Service Businesses
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 PLC’s
• 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
PREMISES
• Run from office at vendor’s 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
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).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• Trading from vendor’s home in West Suffolk
• Within easy driving distance of most UK based customers on the books
• Re-locatable throughout the UK if required
• Run from vendor’s home and re-locatable throughout the UK
• Rent and rates nil
• Office hours during the week
• Occasional requirement for weekend work as customer demands dictat
North Yorkshire
£ 750,000
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