Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Manufacturer Of Washing Up Liquids And Detergent Products In The South East

LISTING DETAILS
Firms For Sale ID:
34087
Vendor reference:
IB015
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£315,000  
Turnover / revenue:
£1,168,000
Net profit / cashflow:
Undisclosed
Years established:
33
Trading 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.
Number of employees:
5
Employees / staffing:
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 manufacturing and 3 on bottling/packing).

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
Support and training will be provided for a period of time to be negotiated at the time of sale.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are held on an expired lease and the business can be relocated at any time.
 
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BUSINESS DESCRIPTION
Manufacturer of Washing Up Liquids and Detergent Products in the South East
Ref.IB015
Location South East
Asking PriceGBP 315,000
This business has been manufacturing and selling washing up liquids, detergents and cleaning fluids to the wholesale catering market since 1984. During that time the owners have created a well known brand, a loyal customer base, an excellent turnover and a steady profit stream.

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 business has outgrown its present premises and as a result, growth and productivity have been constrained to the point where new business and customers are turned away because the present owners do not wish to expand the business.

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.

The business purchases its raw materials and packaging from a small range of suppliers. Its plastic bottles are pre-printed with the brand name in a variety of colours, depending on the contents, or labelled with the customerGBPs own brand

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

Expansion Potential
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.