This is a superb opportunity to acquire a well-established, supplier of vehicle cleaning products based in County Durham

  • Leasehold Price: £265,000
  • Annual Net Profit: £98,000
  • Annual Turnover: £421,190
Durham, England
Seller Ref:506
For Sale

This is a superb opportunity to acquire a well-established, supplier of vehicle cleaning products based in County Durham

Durham, England
Seller Ref:506
  • Leasehold Price: £265,000
  • Annual Net Profit: £98,000
  • Annual Turnover: £421,190

Overview

Seller Ref: 506

Description

This is a superb opportunity to acquire a well-established, supplier of vehicle cleaning products based in Stanley, County Durham. The business is available on a leasehold basis.
The business operates as a leading supplier of professional vehicle cleaning products to trade customers. They have a loyal client base of 500 regular clients covering a huge area from the Northeast down to North Yorkshire. They supply their clients with a vast range of professional products from shampoos, traffic film removers, and specialist polishes, to wheel cleaners, degreasers, and ancillary products. All their chemical products have been carefully selected for concentration, quality, and ease of use. Although purchase price is an important aspect, the correct cost in use price is what differs this business from others, highly concentrated at the right price.
The business provides services to its established clientele through two sales representatives, each responsible for a designated geographical area. Every morning, the representatives replenish their vans at the central depot before visiting clients within their respective areas. They subsequently return to the depot in the evening. The two vehicles are included in the sale along with all other assets and stock. The business serves a diverse clientele, including car dealerships, coach companies, local authorities, Police and Fire Services.
The business has been established since 1989 and has experienced substantial growth on an annual basis since then. They have built up an excellent reputation across the Northeast and are considered a household name in their industry. They can also boast a loyal customer base which has resulted in a vast amount of repeat and recommended business which has led to impressive financial figures over a sustained period.
The current owner owns the freehold of the building but is aiming to lease the property to the new owner. The premises have been renovated to an exceptionally high standard as the current owner has skilfully combined the character features of the property with modern fixtures and fittings.
• Business in operation since 1989
• Substantial growth since establishment
• Excellent reputation in area and Industry
• Loyal customer base who use the business regularly
• Vast amount of repeat business
• Minimal competition
• Minimal overheads
• High turnover – £379,000 (approx.)
• Huge potential for further growth
• Excellent transport links
• Loyal experienced staff
• All fixtures, fittings, and assets included in sale
It is with a heavy heart that the current vendor is selling due to a retirement. Due to the nature and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking for an established business within the cleaning supplies sector or an existing business looking for a lucrative acquisition.
We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
Stock included with sale

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