Business
Please quote reference – B07745.

The company are the trusted online suppliers of British-manufactured Exol Lubricants, the UK’s largest independent oil company, alongside Aztec Oils and its own-brand products.

Established 25 years ago, the business specialises in the supply of lubricants and associated products to all sectors, including the industrial, automotive, agricultural, commercial and horticultural sectors, and also boasts its own brand for a few select products.

Core products comprise engine oils, hydraulic oils, transmission and gear oils, industrial oils including cutting oils, aerosols, oil pumps, grease and grease pumps, as well as paper products such as hand towels.

The company distinguishes itself on the market as national distributors of OEM-approved Exol Lubricants, the UK’s largest independent oil company, and has gained an enviable reputation amongst its extensive client base.

As a digitally-native business, the company sells primarily through online channels such as eBay and its own ecommerce website. Indeed, the business operates one of the longest-established eBay stores, boasting 15 years of trading.

The company’s key offerings to prospective buyers include:

• Partnerships with major lubricant manufacturers, including Exol and Aztec Oils, and benefitting from sales representation support and technical support from the former;
• A strong digital/ecommerce presence, stocking over 1000 products and having sold some 89,000+ units on eBay;
• An established client base, with 250 active client accounts and 10% repeat ecommerce customers;
• An impeccable track record of customer satisfaction, with 99.9% positive feedback on eBay and less than 1% returns rate;
• Resilient business model with multiple revenue streams and operations across multiple sectors;
• A turnover of nearly £0.5m per annum;
• Transfer of the ecommerce sites would confer immediate revenue in upfront payments.

Outlook

Following the recent volatility of the crude oil market, the business owner expects greater stability and profitability in 2024, with year-over-year price decreases of 6.29%. 

The business would make a valuable addition to the product portfolios of companies offering spare parts, repairs and filters, and offers scope for expansion within an ever-evolving lubricant sector.

Indeed, the ongoing transition to electric vehicles offers opportunities for expansion into the fast-growing area of specialised battery coolants.

Highlights: 

• Trusted suppliers of OEM-approved Exol, as well as own-brand products;
• Digitally-native company with a well-developed ecommerce presence and one of the longest-established eBay store with 15 years of trading;
• A solid financial profile with an optimistic outlook for 2024;
• Scope to expand the company’s portfolio of products and hedge against the EV transition.

Opportunities:

• Scope to expand portfolio of products and expand into EV coolants, etc.
• Opportunity to improve digital marketing and sales efforts.

Location
E-commerce UK Wide.

Premises
The business currently operates from leasehold premises and is easily relocatable, further information can be provided.

Tenure
The business operates from Leasehold premises but is liable to be relocated.

Hours
The business operates all year round.

Staff
The business currently has one employee.

Financial Profile
Turnover IRO – £467k in 2023.

• 100% share capital.
• Interested parties will be required to sign an NDA.